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.
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
