Personal Finance for Retirees and Beneficiaries of Social Insurance and the Retirement Authority

 

PRODUCTS FEATURES

Balance transfer program Top-up Finance New finance
  • Make your financial commitments (Personal finance/Lease finance/Credit card) in one personal finance installments
  • Cash liquidity.
  • Get the benefits of SNB services and products.
  • Process to be executed in record timing.
  • Shariah-compliant program.
  • Instant approval.
  • Repayment periods up to 60 months.
  • Monthly Payments will defer for 2 months as per the features of Balance Transfer Program.
  • Possibility of postponing the installment of the month of Ramadan.
  • Shariah compliant.
  • Payment of the outstanding finance and obtaining a new finance.
  • Instant approval.
  • Repayment periods up to 60 months.
  • Possibility of postponing the installment of the month of Ramadan.
  • Possibility of postponing up to 3 installments during apply personal finance
  • Shariah compliant.
  • Instant approval.
  • Repayment periods up to 60 months.
  • Possibility of postponing the installment of the month of Ramadan.
  • Possibility of postponing up to 3 installments during apply personal finance

Terms and Conditions for Retirees and Beneficiaries.

  Balance transfer program Top-up Finance New finance
Nationality Saudis only.
Sector Retirees and Beneficiaries of social insurance and the retirement Authority
Minimum Salary  4,000 and it's differ from sector to another.
  •  1,900 for Saudi retirees, beneficiaries of Social Insurance and Retirement Authority.
 Minimum Finance amount   5,000 up to  1,000,000
 Maximum Age  30 years old till 75 years old

NEW FINANCE

Get instant cash for government sector or Private sector inducted and non- inducted companies who transfers their employee's salary through AlAhli Bank Sarie system.

Finance Amount Maturity in Years *APR Monthly Payment Amount
 100,000 5 Years 6.01%  1,904
 200,000 5 Years 6.01%
 3,808
 350,000 5 Years
6.01%  6,665

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.



TOP-UP FINANCE

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.

Finance Amount Maturity in Years *APR Monthly Payment Amount
 100,000 5 Years 6.58%
 1929
 200,000 5 Years 6.58%
 3,858
 350,000 5 Years 6.58%
 5,788

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.



FINANCE TRANSFER PROGRAM
Now you can make your financial commitments (Personal finance/Lease finance/Credit card) in one personal finance installments at a competitive annual percentage rate through the debt Transfer Program from other banks.


Required Documents & Procedures:

  • Recent no-objection letter of no less than 10 days to transfer the finance (including finance amount and other bank's IBAN number).
  • Salary certificate from the company.
  • Bank statement from the other bank including:
  • 3-month statement on the bank's letterhead including last 3 salaries.
  • Other bank's stamp on all statement pages if the statement is without the bank's logo.
  • Statement pages must be numbered in order.
Finance Amount Maturity in Years *APR Monthly Payment Amount
 100,000 5 Years 3.19%  1,849 
 200,000 5 Years 3.10%  3,690
 350,000 5 Years 2.26%  6,323

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.

Terms and conditions applied.

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

Annual Percentage Rates

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