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TOP-UP FINANCE                                                     Last Update 13-09-2021

Top-up finance may be obtained after repayment of 20% of the finance amount from any existing personal finances with a higher limit and new tenure as per desire.

Features:

·         Shariah compliant.

·         Payment of the outstanding finance and obtaining a new finance.

·         Instant approval.

·         Repayment periods up to 60 months.

·         Possibility of early settlement.

·         Possibility of postponing the installment of the month of Ramadan.

·         Insurance coverage in case of death or total disability (God forbid) as per insurance policy terms and conditions.

Terms and Conditions:

NationalitySaudis & Non-Saudis
SectorsGovernment sector or Private sector inducted and non inducted companies who transfer their employees salary through Sarie system through AlAhli bank.
Minimum SalarySAR 3,000 Saudis & SAR 4,000 Non-Saudis
Minimum Months on Job

1 month for Saudis in Government sector.

3 months for Saudis in the big 5 and non-Saudis in the government sectors and big private companies.

1 year for Saudis & Non-Saudis in Private sector.

Minimum Finance amount5,000 SAR up to 1,500,000 SAR
Minimum Age18 years for Saudis & 22 years for Non-Saudis and must be less than 60 years at the date of last installment, except for retirees 75 years.

Terms and conditions applied.
Administrative fees 0%

 

Topup Personal Finance by Local Commodities:

Finance AmountMaturity in Years*APRMonthly Payment Amount
100,000 SAR5 Years0.98%1,708 SAR
200,000 SAR5 Years1.18%3,433 SAR
350,000 SAR5 Years1.37%6,213 SAR

The above table is for the purpose of example only as the APR may differ depending on the finance amount, salary amount, employer and maturity period and is subject to the credit scoring of each customer.

Topup Personal Finance by Local Shares:

Finance AmountMaturity in Years*APRMonthly Payment Amount
100,000 SAR5 Years2.15%1,758 SAR
200,000 SAR5 Years2.34%3,533 SAR
350,000 SAR5 Years2.53%6,213 SAR

The above table is for the purpose of example only as the APR may differ depending on the finance amount, salary amount, employer and maturity period and is subject to the credit scoring of each customer.

For more information, please contact SNB Customer Service (Sales Unit) in Phone Banking on 8002441005