Personal Loan Transfer

Discover how easy and rewarding it is to transfer your personal loan to Alawwal Bank.

Personal Loan Transfer

Transfer your balance to Alawwal Bank and enjoy a host of benefits. Calculate your monthly repayments if you transfer your personal loan to us.

Key Features

  • Shariah-compliant financing
  • Instant approval
  • Financing up to SR 1,500,000
  • A repayment period up to 5 years*
  • Exemption from remaining repayments in case of death
  • Available after completion 6 repayments from current finance
  • Competitive rate

*new monthly installment should not exceed a third of the salary 

Eligibility and Documents

Citizens



Public/Semi-public/Military Sector

Private Sector

Minimum Salary
SR 5,000
SR 8,000
Minimum current work experience
3 Months1 year
Age
18 to 60
21 to 60
Employer
Approved
Approved*

* Call us to confirm

Expatriates


Public/Semi-public/Military Sector

Private Sector

Minimum Salary
SR 10,000
SR 10,000
Minimum current work experience
1 year
1 year
Age
21 to 60
25 to 60
Employer
Approved
Approved*

* Call us to confirm

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
  • A letter of “debt certification” from your finance party
  • Your last 3 months’ bank account statements

Frequently Asked Questions

Personal Loan Transfer Calculator

“I want to transfer my existing loan to Alawwal Bank.”

Please answer a few questions via our form and click “calculate” to view your personal offer.

Saudi
Non Saudi

Terms and Conditions apply. Annual Profit Rate (APR) starts from 3.79%. One-time management fee is 1% or SR 5,000 whichever is lower. All fees & service charges are available on our website and in our branches. The products advertised in this marketing material are not suitable for customers of age below 18 years.

Call us on 800 124 2525 or visit your nearest Alawwal Bank branch

APPLY NOW

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Alawwal Bank