رأيك يهمنا.. كيف تقيم الواجهه الجديدة لموقع بنك البلاد
رأيك يهمنا.. كيف تقيم الواجهه الجديدة لموقع بنك البلاد
رأيك يهمنا.. كيف تقيم الواجهه الجديدة لموقع بنك البلاد
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Albilad Phone 920001002 عربي Careers

Buyout finance program


Buyout financing program by local stock funding program:
If you desire to close an existing finance with another bank and wish to transfer your salary to Bank AlBilad in order to enjoy the benefits and advantages of our banking services. Then, we are pleased to tell you that we have the suitable financing program for you. We offer to pay your existing finance with any bank through Local Share finance and schedule easy repayments for your new loan.    

Buyout financing program mechanism:
  • The Bank finances the purchase of local shares that the customer has chosen.
  • The selected stocks are placed in an investment portfolio owned by the Bank.
  • The Bank sell the shares of this portfolio to the customer at original price plus a profit margin.
  • Purchased shares transfers to the customer’s portfolio.
  • The customer later repay the value of the shares of the bank in the form of monthly installments in accordance with the contract between him/her and the bank's conditions.


Advantages of buyout financing program:

  • This is a Sharia-compliant financing service certified by the Bank's Sharia Board. The Bank profit is determined in advance. It does not include any increase not agreed upon even for past due payments. Shares are bought only after they have been endorsed by the Bank's Sharia Board.
  • The possibility of buying shares of any company on the list approved by Shariah Committee and the specified stocks by the bank
  • Fast completion of all financing request procedures The possibility of non-Saudi customer financing 
  • Financing for up to five years. 
  • Possibility of advance payments in accordance with SAMA regulations
  • The possibility of paying in installments that is proportionate with the customer's monthly income
  • The possibility of  postponing one installment each year. 
  • The possibility of postponing payment of premiums at the beginning of financing  
  • Guarantor  is not required to obtain funding 
  • Financing of up to 1,500,000 SR 
  • The client can pay advance premiums partially to reduce the financing period
  • The customer can get additional financing after transferring his salary.
  • Retirees are eligible for funding.
  • The possibility of financing employees of local banks 

Favorable terms:

  • The customer should be at least 18 years old.
  • The customer  should have a checking account with bank Albilad
  •  The customer should be on the job in one of the approved organizations with the bank in the public or private sector
  • The customer's monthly salary should be at least  5,000 SAR for customers in government sectors or based on the employer classification.
  • Regular monthly salary transfers of the customer to his current account in bank Albilad through “Sarie”. 

Required Documents:

To ensure the completion of your application quickly and easily Please be sure to provide the following documents when submitting your application:

  • Proof of identity of the client valid.
  • Copy of the ID for military employees,
  • Fill out "buy in installments" request form.
  • A salary certificate letter from the customer's employer indicating: monthly salary (base and allowances), job description, date of employment and the date of contract completion.
  • Proof of transferring indebtedness of the other bank into bank Albilad 

*Management fees is 1% of the Financing Amount with Cap SAR 5,000
**Terms and conditions apply.

You can submit your application via our website directly. Apply now 
We will gladly assist you through Albilad contact center at 920001002






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