Personal Finance

Enjoy fast and easy Shariah-compliant financing to fund and enhance your lifestyle.

Personal Finance

No matter what your goals are, from managing school fees or buying a new car to investing your money, we’ll help you get there with Alawwal Personal Finance.

Key features:

  • Shariah-compliant financing
  • Quick turnaround time
  • A top up facility is available after repayment of 20% of your existing finance
  • Possibility to apply for a second separate finance
  • Financing of up to SR 1,500,000
  • A repayment period of up to 5 years
  • Exemption from remaining repayments in case of death
  • Possibility of loan transfer

Eligibility and Documents

Citizens



Public/Semi-public/Military Sector


Private Sector


Retired


Minimum Salary
SR 5,000
SR 8,000
SR 5,000
Minimum length of service
Upon hiring
3 MonthsUpon retirement
Age
18 to 60
21 to 60
35 to 70

Expatriates



Public/Semi-public/Military Sector


Private Sector


Minimum Salary
SR 6,000
SR 6,000
Minimum length of service
3 Months
3 Months
Age
21 to 60
25 to 60

Documents you’ll need to supply:

  • Your completed application form
  • A copy of your ID/Iqama (and a copy of passport for expatriates)
  • A letter from your employer
  • Your salary transfer form
Propoerty Market Value
Fixed or Variable Rate
APR
Maturity in Years
Payment Type
Monthly Repayment Amount*
Early Payment Charges
100,000
Fixed
3.150%
5 Years
Principal and Interest / Profit
1,782.55
Profit of future 3 installments

*APR & Monthly repayment amount may differ depending on the amount and the maturity period and the prevailing bank rate

Frequently Asked Questions

As we're becoming one bank with SABB, we are only accepting new applications on SABB website.

Call us on 800 124 5557

APPLY NOW

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Alawwal Bank