Features:
• Fully Sharia-compliant.
• Benefit from a competitive profit margin.
• Greater flexibility and convenience.
• Available to both Saudis and expatriates.
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Flexible repayment terms designed to meet your needs.
Alinma Bank - Personal Refinance :
Benefit from Sharia-compliant personal refinancing, designed to help you secure new financing with ease after settling your previous financing. You can apply for personal refinancing once you have completed 12 months of installment payments on your existing personal financing or paid off 20% of the total financing amount—providing you with greater financial flexibility to meet your needs and achieve your aspirations.
Flat Rate
Minimum Salary
SAR 3000
Monthly Payment
Salary Transfer
No
Fees & Costs:
• Administrative fees: equivalent to 1% of the financed amount, with a maximum limit of SAR 5,000.
Eligibility:
• Minimum age of 18 is required for Saudis.
• Minimum age of 21 is required for expats.
• Maximum age of 75 years for retirees.
• Minimum net salary starts from SAR 3,000, depending on the sector.
• Available to employee of an approved entities by Alinma Bank.
• Can be utilized 12 months after approval of personal financing or after repaying 20% of the financed amount.