Personal Finance

Get a personal financing that meets your needs with several Shariah-compliant options, either through commodities or Murabaha stocks financing, with the possibility of obtaining financing also for qualified customers who are committed to existing financing with a deduction of less than 33.33% where personal financing can be Provided from Alinma Bank with the remaining deduction percentage.  

Apply Apply on Alinma App

Features

• Ability to choose from the shares approved by the Alinma Bank Shariah Board.
• Financing up to SAR 7.5 million.
• Repayment period up to 60 months.
• Available for both Saudis and expats.
• Fully Shariah-compliant.
• Outstanding balance will be waived in case of death (God forbid).

You may enroll thru

• Alinma App (for the first personal finance)
• Apply
• Costumer Services: 8001208008
• Visit Alinma Bank branch

 Steps of Requesting and Executing via Alinma App

•  Click on finance and Select request finance and click on Apply now.
• Select employer sector, then Specify employer.
•  Fill in your net salary, then click continue.
•  Select dependents and monthly expenses.
• Upload required document.
• At this step personal finance has been successfully submitted and will be subject to the bank's credit study, whether by acceptance or rejection.
• After receiving the acceptance SMS log in to the app and thru request status you will be able to view and accept the offer.
• click on Approve promissory note thru (request status) an SMS will be sent with attached link via NAFITH (Ministry of Justice) to agree on the Promissory Note.
• After that you may Agree on the contract.
• Enter the activation code sent via SMS then click continue.
• Title of commodity will be transferred to customer, then the funds will be added to the customer account after selling the commodity by bank on the customer behalf to a third party.

Terms and Conditions

• Minimum age of 18 is required for Saudis.
• Maximum age of 75 years for retirees.
• Minimum net salary starts from SAR 3,000, depending on the sector.
• *Administrative fees equivalent to 1% of the financed amount, with a maximum limit of SAR 5,000.
• Profit margin starting from 1.79%APR 3,43%

* Administrative fees and commodity broker’s fees are subject to VAT

* Terms and Conditions Apply

Example :