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ADDITIONAL FINANCE

An additional finance may be obtained if the deduction percentage of the personal loan product does not exceed 33.33% or if the customer’s salary is increased.

​Additional finance program has the following features:

  • Islamic Sharia-compliant .
  • Immediate approval .
  • Repayment through facilitated installments for up to 5 years .
  • Insurance in case of death or disability .
  • Repayment periods up to 60 months .
  • Possibility of receiving finance by commodities or shares

Terms and conditions applied
Administrative fees: 1% of finance amount or SAR 5,000 (whichever is less)​
Administrative fees is included in APR

Finance AmountMaturity in Years*APRMonthly Payment Amount
100,000 SAR5 Years5.70 %1,913  SAR

The table above and its numbers is an illustrative example only to show the annual percentage rate, which is dependent on three variables (Finance amount, profit rate, and loan tenor)