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

Refinancing program


It is a financing product that allows you to pay off any existing loans through paying  20% of the total outstanding loan that you want to end by having a new loan of higher financing limit for a new financing duration as you desire.  

Easy to follow steps  
  • visit  your nearest bank Albilad branch and Fill out the "Local Shares Installment Purchase Order" Form along with providing the required documents 
  • When all requirements are fulfilled, the Bank studies the request and approves it.
  • The Bank buys and acquires the shares selected by the customer and place it in a bank-owned investment portfolio.
  • Then, the Bank sells the shares to the customer at the acquisition price plus a profit margin and transfers ownership of those shares to a customer-owned investment portfolio.
  • The customer sells the shares and transfer the amount from the investment account to the current account to settle the chosen finance to be closed.
  • The customer repays the agreed upon amount with monthly installments.
Financing features
  • 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 customer can pay the price by monthly convenient  installments proportionate to his monthly salary and for a period of up to 60 months.
  • The customer can buy the shares he desires approved by sharia within the credit limit made available to him by the Bank.
  • enjoy the advantages of the current account .
  • Non-Saudi’s are accepted
  • Early settlement is available
  • Partial payment is available
  • Retirees are eligible for funding
  • Guarantor is not required

Required documents:
  • Valid ID
  • Copy of the ID for military employees.
  • Completing and signing a "Local Shares Installment Purchase Order" 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.
  • A  salary transfer letter if the existing is expired

*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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