Al-Khair Personal Finance

Al-Khair Personal Finance is a Shariah-compliant solution that enables you to fulfill your dreams right away. Be it for a car, home renovation, your children's higher education, wedding expenses, family holiday, or for any other need, Al-Khair Personal Finance will help you meet your financial needs with flexibility and convenience.

Features

  • Approved by Shariah Supervisory Board.
  • Finance based on Murabaha (Tawarouq) by the purchase and sale of local commodities.
  • Finance up to SR 1,500,000.
  • Simple documentation.
  • Repayment period of up to 60 months, depending on your current age and retirement age.
  • No guarantor required.
  • Opportunity to top-up your Al-Khair Personal Finance.
  • Instant approval over the phone.
  • Quick release of your personal finance.
  • Get your existing personal finance settled by Samba.

Benefits

  • Fixed profit rate for the entire finance period. Your monthly installments will not change for the duration of your finance.
  • Takaful Insurance – In case of death or permanent total medical disability, God forbid, all outstanding amounts will be considered paid subject to terms and conditions of insurance policy.
  • Complete flexibility. A variety of financing options to choose from:
Loan product Maximum finance amount
Saudi Nationals Working with Government or Semi-Government sectors SR 1,500,000
Saudi Nationals working with Private Sector Employers SR 750,000
Expatriates with Assignment of End-of-Service Benefits (EOSB) SR 750,000
Expatriates Without Assignment of End-of-Service Benefits (EOSB) SR 300,000
Newly-Arrived Expatriates SR 200,000
GOSI & PPA Retirees SR 500,000
Al Khair Personal Finance with Zero% Profit Rate SR 60,000

To apply for or learn more about Al-Khair Personal Finance from Samba:

* Terms & Conditions Apply.
* Applicable Flat Rate starts from 1.45% and Applicable Annual Mark-up Rate starts from 2.79%
* Management fee SR 1745.