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.
Features
- Better profit financing margin via Alinma App
- 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.
* Administrative fees and commodity broker’s fees are subject to VAT
* Terms and Conditions Apply
* To View the Optional Feature Fees for Commodity Financing click here
Example :
|
Personal Financing |
||||
|
Monthly Installment |
Loan amount |
Profit Rate (APR) |
Financing Period |
Product |
|
SR 1,809.58 |
SR 100,000 |
3.82% |
5 years |
Stock |
|
SR 2,714.38 |
SR 150,000 |
3.82% |
5 years |
Stock |
|
SR 904.79 |
SR 50,000 |
3.82% |
5 years |
Stock |
|
*Any information or rates mentioned are for example only. All financial product and service delivery is subject to the credit policies of Alinma Bank. |
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|
To View the Optional Feature Fees for Commodity Financing |
|
|
Finance Amount |
Broker Fees |
|
Less than 20,000 |
500 SAR |
|
20,000 – 39,999 |
600 SAR |
|
40,000 – 59,999 |
700 SAR |
|
60,000 – 79,999 |
800 SAR |
|
80,000 – 99,999 |
1000 SAR |
|
More than 100,000 |
1,200 SAR |
*For more information Please call 8001208008