Personal Refinance is designed to give our customers the opportunity to obtain new financing after paying 12-month installments of current personal financing or paying 20% of the amount of personal financing as part of the bank’s endeavor to provide excellent Sharia-compliant financial solutions to our clients.
Features:
- Fully Shariah-compliant.
- Competitive profit margin.
- Flexible and convenient plan.
- Available for both Saudis and expats.
- Flexible repayment period.
Terms and Conditions
- Minimum age of 18 is required for Saudis.
- Minimum age of 21 is required for expats.
- Maximum age of 75 years for retirees.
- Available to employee of an approved entities by Alinma Bank.
- Can be utilized 12 months after approval of personal financing or after repaying 20% of the financed amount.
- Administrative fees equivalent to 1% of the financed amount, up to a maximum of SAR 5,000.
- Profit margin starting from 1.79%APR 3,43%
- Costumer Services: 8001208008
- Visit Alinma Bank branch
How to enroll
*Administrative and commodity broker’s fee are subject to VAT
*Notice: Personal financing products may involve certain risks, including but not limited to fluctuations in stock prices. By submitting your financing application, you acknowledge that you are fully aware of these associated risks.
* Terms and conditions apply