Personal Financing by Bank Albilad

06-01-2025

Set your goals, and we will help you achieve them!

We at Bank Albilad are keen to provide you with the best financing solutions. Personal finance from Bank Albilad allows you to request your own personal finance that is compatible with the Shariah Committee’s regulations, with convenient monthly installments and a financing period of up to 5 years!

What are the key features of Bank Albilad Personal financing?

Here’s what you can expect from our Personal financing service:

Sharia-compliant financing services
Available to Saudi and non-Saudi
Financing is available to other bank employees with no salary transfer
Early settlement is available
Financing is executed instantly.
Financing period up to 5 years
Financing amount up to SAR 2,000,000.
Ability to defer one instalment per annum
Available for retired customers
Available with no salary transfer

*Terms and condition are applied

How to apply for Personal Finance through Albilad App?

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

Terms and Conditions

Customer must be 18 years or older
Open current account with Bank Albilad
Customer must be an employee of a public or private sector approved by Bank Albilad.
Financing is available up to 70 years old
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 Personal financing?

Customers must have the following documents:
Valid ID
ID copy for military employees
Fill out disclosure 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:

Personal Financing
Finance amount	SAR 100,000
Total profit margin	SAR 8,614
APR	3.86 %
Management fees	Management fees is 1% of the Financing Amount with Cap. of SAR 5,000
Finance duration	60 months
Total finance cost	SAR 110,000
Monthly installment	SAR 1810.23

Finance amount	100,000.00
Total profit margin	15449.99
APR	(APR) 6.27%
Management fees	Management fees is 1% of the Financing Amount with Cap. of SAR 5,000
Finance duration	60 months
Total finance cost	115,449.99
Monthly installment	1924.17

Finance amount	81,000
Total profit margin	9101.81
APR	(APR) 6.03%
Management fees	Management fees is 1% of the Financing Amount with Cap. of SAR 5,000
Finance duration	48months
Total finance cost	90,101.81
Monthly installment	1877.12

Finance amount	40,000
Total profit margin	1981.78
APR	(APR) 6.17%
Management fees	Management fees is 1% of the Financing Amount with Cap. of SAR 5,000
Finance duration	24months
Total finance cost	41,981.87
Monthly installment	1749.24

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

TERMS AND CONDITIONS APPLY.

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Albilad Phone

To call Bank Albilad from Saudi Arabia: 8001230000, and from outside the Saudi Arabia: 00966920001002

8001230000

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All Rights Reserved © 2025 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).

Personal Financing