Personal Financing

 Personal Financing by Bank Albilad

09-07-2025

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! 




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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 amountSAR 100,000  
Total profit marginSAR 8,614 
APR3.86 %
Management feesManagement fees is 1% of the Financing Amount with Cap. of SAR 5,000
Finance duration60 months
Total finance costSAR 110,000
Monthly installmentSAR 1810.23


Finance amount
100,000.00
Total profit margin15449.99
APR(APR) 6.27%
Management fees
Management fees is 1% of the Financing Amount with Cap. of SAR 5,000
Finance duration60 months
Total finance cost115,449.99
Monthly installment
1924.17


Finance amount81,000
Total profit margin9101.81
APR
(APR) 6.03%
Management feesManagement fees is 1% of the Financing Amount with Cap. of SAR 5,000
Finance duration 48months
Total finance cost90,101.81
Monthly installment1877.12


Finance amount40,000
Total profit margin1981.78
APR(APR) 6.17%
Management fees
Management fees is 1% of the Financing Amount with Cap. of SAR 5,000
Finance duration24months
Total finance cost41,981.87
Monthly installment1749.24


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

TERMS AND CONDITIONS APPLY.


Risk Disclaimer

  • In the event that shares were not deposited at the time of signing the contract or was delayed due to circumstances beyond the control of the first party or the Al-Bilad Investment Company, then the First Party or Al-Bilad Investment Company does not bear any responsibility as a result of that delay, especially what is related to the decline in the share price or any technical failures outside First party will.
  • In the event the customer delays executing the commodity request within the specified period, the commodity shall be sold based on the customers authorization. in case the customer request to collect the commodity, they shall bear all costs related to shipping, storage, insurance, and any other associated or fees.
  • If it appears that the customer has provided incorrect or forged information or data, the bank has the right to cancel the contract and return to the customer with all the damages incurred by the bank.
  • Throughout the term of the financing contract, and until the bank has met the full price of the sale subject of the financing contract, the customer is obligated to transfer his monthly salary to the current account / country account opened with the bank and to provide evidence of a currency entity’s commitment to transfer his salary to the bank. 
  • It is important for the customer to make sure to pay the dues on time, as the customer's credit record is adversely affected in the event of default or late payment.
  • In the event of change in the customers financial circumstances such as a salary reduction or early retirement, the financing will be rescheduled in accordance with the approved policies, provided that the required documents are submitted to the bank through the approved channels.


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