Deferring Finance Installments

 Deferring Finance Installments

05-02-2025

Have your expenses increased, and you are looking to postpone your installments? 

Bank Albilad offers financing installment payment program through Top-up personal finance, allowing you to defer up to 3 installments of your existing commitments, this includes personal financing, auto lease, and real estate financing.


​What are the key features of Bank Albilad Deferring Finance Installments through Top-up financing?

  • Sharia-compliant financing services.
  • Early settlement is available.
  • Flexible installment plans tailored the customers income.
  • Enables customers to access additional financing products and services offered by Bank Albilad.

Terms and Conditions 

  • Customer must be 18 years or older.
  • Open current account with Bank Albilad 
  • The number of deferred installments is limited to a maximum of 3 installments per year of the financing term.
  • Deferral is available only after the first 3 installments of the financing to be deferred have been paid.
  • Customer's salary should be 3,000 SAR or more for Saudis and 3,500 SAR for non-Saud.

​Customers must have the following documents

  • Valid ID.
  • Fill out disclosure form. 
  • Fill out “Installment Purchase Request” form completely.

​FQA


Is there any management fee?

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


What is the maximum number of installments that can be deferred?

The customer can choose the number of installments they wish to defer, with maximum of 3 installments per year.


Can supported real estate financing installments be deferred?

NO, only unsupported real estate financing installments can be deferred.


Is the deferment request required during the application process or after approval?

 The deferment request can be made after approval and at any time, However the customer can also benefit form the deferment feature during the application process and take advantage of the benefits of personal financing with Bank Albilad.



Deferring Finance Installments

Finance Amount (Deferred Installments )6708.27
Total profit margin1795.47
APR(APR) 7%
Management feesManagement fees is 1% of the Financing Amount with Cap. of SAR 5,000
Finance duration58 months
Total finance cost8503.74
Monthly installment147

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



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