PF Connect Personal Finance

Provide customers who are about to retiree a bigger loan amount with installment payments for up to five years beyond the retirement age.

Features

  • Bigger loan amount.
  • Applicable with New and top-up personal finance.
  • Shariah compliant.
  • Instant approval.
  • Repayment periods up to 60 months.
  • Possibility of postponing the installment of the month of Ramadan.
  • Possibility of early settlement.
  • Exempting the client from debt in the event of death or total disability, God forbid, in accordance with the relevant regulations.

Terms and Conditions

Nationality Saudis
Sectors

Government sector (Military Sector & Civilian Sector).

Minimum Salary 3,000 SAR.
Minimum Finance amount 5,000 SAR up to 1,500,000 SAR.
Minimum Age 40 years minimum and 59 maximum.

Terms and conditions applied.

Administrative fee is 1% of the amount of financing or (5,000 SAR) whichever is lower.

Fees for authorizing the sale of a commodity to a third party: 0% From the cost of the First Party purchasing the commodity.


New PF Connect by Local Commodities

Finance Amount Maturity in Years *APR Monthly Payment Amount
100,000 SAR 5 Years
4.28% 1,829 SAR
200,000 SAR 5 Years
3.99% 3,633 SAR
350,000 SAR 5 Years 3.79% 6,329 SAR 

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

Topup PF Connect by Local Commodities

Finance Amount Maturity in Years *APR Monthly Payment Amount
100,000 SAR 5 Years
5.39% 1,856 SAR
200,000 SAR 5 Years
3.99% 3,720 SAR
350,000 SAR 5 Years 5.55% 6,519 SAR 

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

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

Annual Percentage Rates

View the pricing and calculations related to our finance and savings products.