Top up Financing By Bank Albilad

14-03-2023

Get your Top-up Financing simple click!

Now you can request Top-up Financing via the Albilad App or Albilad Net without visiting the branch

As a part of our efforts to provide you with the best solutions, we are happy to provide you with the Top Up financing that allows you to get additional shares financing based on what you have paid back from your current financing and on the change in your salary.

Download Albilad App now !

What are the key features of Bank Albilad Top up Financing?

Here’s what you can expect from our Top up Financing service:

Sharia-compliant financing service
Available to Saudi and non-Saudi
Ability to choose the desired Shariah approved shares from the local market
Ability to choose the desired Shariah approved Commodity
Early settlement is available
Execute your financing day or night through our sales centers
Financing period up to 5 years
Available for retired customers

How to apply for Top Up through Albilad App?

Login to Albilad App
Click on Finance from Main Menu
Choose Finance type
Submit the request

How to apply for Top Up through Albilad Net?

Login to Albilad Net
Select " Request for Consumer Finance"
Fill in the Application Form
Review all information and Agree to the Terms and Conditions.
Enter the one-time password received in your mobile
Submitted successfully your consumer finance request

Terms and Conditions

Open current account with Bank Albilad
Customer must be an employee of a public or private sector approved by Bank Albilad.
Customer's salary should be 3,000 SAR or more for Saudis and 3,500 SAR for non-Saudi

FAQs

What documents do I require to submit for the financing?

If the application was submitted through the Albilad application or Albilad Net:

Attach a definition from the employer, including the monthly salary, the job title, and the start date of joining the work.

If the application was submitted through the Albilad branches:

Valid ID
ID copy for military employees
Fill out disclosure form
Filling "Local Shares Installment Purchase Order" Form
A letter from the customer's employer indicating: monthly salary (Basic and allowances), job title, date of employment
A statement of salary transfer from employer

Is there any management fee?

The management fee is 1% of the financing amount with cap. of SAR 5,000.

How the profit margin is calculated?

Here is an example of how the profit margin is calculated:

Top Up
Finance amount	SAR 100,000
Total profit margin	SAR 22,500
APR	9.15%
Management fees	Management fees is 1% of the Financing Amount with Cap. of SAR 5,000
Finance duration	60 months
Total finance cost	SAR 122,500
Monthly installment	SAR 2,041.67

APR may differ depending on the amount, maturity period and credit scoring of the customer

TERMS AND CONDITIONS APPLY.

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All Rights Reserved © 2023 Bank Albilad is a Saudi joint stock company, with National Unified No. 7001473102, Head Office: Al Mutamarat 8229, Building No 2, RIYADH 3952 - 12711, KSA. Under monitoring and supervision of Saudi Central Bank and licensed by Royal decree 48/M on 1425/9/21H (4/11/2004 G).

Top up Financing