Employment Criteria:

For salary transfer & non-salary transfer segment: the minimum salary should be SAR 8,000

For self-employed segment: the minimum monthly revenue should be SAR 20,000

Age Criteria:

Salaried customers should be between 21 and 60 years (including Loan tenor)

Non-salaried customers should be between 25 and 65 years (including Loan tenor)

Length of Service:

Salary Transferred: minimum of 1 month

Non-Salary Transfer: minimum of 3 months

For Expats: less than 2 years of service requires a 5% additional down payment then continues payment on the current norm

Self-employed: A minimum of 1 year in business

Number of Vehicles per borrowers:

Maximum of 3 vehicles (for Saudi Nationals)

Maximum of 2 vehicles (for expats)

Approved Brands Under the Program:

All (as per the Bank’s policy)

Financing Cap:

Finance Amount (Principal only) Minimum: SAR 20,000

Maximum: SAR 1000000