Financing Services (Saudi & Expat)

If you are a Saudi citizen, an expatriate, and/or just arrived in Saudi here is a detailed guide for financing whether it’s a car or a large purchase.  All you need to know about financing programs and requirements.    SAMBA Saudi Citizen    Quick turnaround and processing.  Finance up to 15 times your total monthly income.  Convenient installments up to 60 months.  No guarantor [...]

saudi-bankers

If you are a Saudi citizen, an expatriate, and/or just arrived in Saudi here is a detailed guide for financing whether it’s a car or a large purchase.  All you need to know about financing programs and requirements. 

 

SAMBA

Saudi Citizen

 
 Quick turnaround and processing.
 Finance up to 15 times your total monthly income.
 Convenient installments up to 60 months.
 No guarantor required.    

Required Documents
 Application form.
 A clear copy of valid ID/Iqama.
 Certificate of employment stating the job title, joining    date, monthly income and allowances (if any). 
 Salary transfer letter from the employer.

For instant approval, please call 24-hours toll-free Sambaphone on: 8001241010 

“Al-Khair Finance” offers you the following programs:

Program

Program Description

Max Finance Amount

Link

Saudi NationalsAl-Khair Finance is available for Saudi nationals who work for government, semi-government or private sectors.

Up to SR 750,000

    

Apply Now

GOSI RetireesAl-Khair Finance is now available for retirees of General Organization for Social Insurance

Up to SR 200,000

    

Apply Now

 

Expatriate

(1) Al-Khair Finance with end-of-service benefits:
Al-Khair Finance in its known format depends on end-of-service benefits to finance expatriates and offers them the ability to benefit from the program to be financed up to 15 multiple of their monthly income in an easy way.     

Conditions of the Employee
 Total monthly income at least SR 2,500. 
 Age is 18 years old and over.
 At least one month service at the present job. 
 Works for one of Samba’s approved list of employers.

(2) Al-Khair Finance without end-of-service 
benefits:

Samba has provided a program specially designed for Expats without depending on end-of-service benefits to give them the chance to benefit from the program and get financed between SR 10,000 and SR 100,000.    

 

Conditions of the Employee
 Total monthly income at least SR 2,500. 
 Age is between 23 and 60 years old.
 At least one year service at the present job.
 Works for one of Samba’s approved list of employers.

(3) Al-Khair Arrival Finance
We know how difficult and confusing it can be arriving to a new country. So, Samba is proud to be the first bank in the kingdom to made cash finance immediately available for you, the moment you arrive. We designed a program especially for those who have only just arrived to help them making better future as soon as they get their Iqama.     

Conditions of the Employee
 Total monthly income at least SR 5,000. 
 At least one month service at the present job. 
 Works for one of Samba’s approved list of employers.
 Valid Iqama required

 

Program

Program Description

Max Finance Amount

Link

Arrival Finance for expatriates new in the KingdomFor those expatriates who have just arrived, Samba has made the cash Finance immediately available for you.

Up to SR 75,000

   

Apply Now

ExpatriatesEasy convenient way to meet all your growing needs with or without the need to assign your end-of-service benefit.

Up to SR 750,000

   

Apply Now

EasyBuy from SABB Amanah

Eligibility

  • Minimum age of 21 years and maximum of 65 years
  • Monthly income of at least SAR 2,000
  • Offered to both Saudi Nationals and Expatriates

Documents Required

  • Completed EasyBuy application form
  • Valid Saudi ID for Saudi Nationals and Iqama for Non-Saudi
  • ATM Card or Account opening card with any Bank in the Kingdom
Employment letter, recent bank statement, or a salary slip may be required in exceptional cases

Contact

For more information, please call SABB Direct toll free number 800 124 8888

 

Alrajhi

Car Loan Program

Features and Benefits

  • No down-payment or guarantor required
  • Easy installments up to 60 months
  • Available for Saudi nationals and expatriates

Eligibility

  • Minimum monthly income of SR 2,500
  • At least 6 months of employment with an organization recognized by Al Rajhi Bank
  • A completed loan application form
  • A copy of your identification card (National ID / Iqama) along with the original
  • An official letter of introduction from your present employer stating the commencement date and monthly salary, including any allowances and bonuses

You can reach us in the following way: 

  • Telephone:     Toll Free 800 124 1222
  • Fax:                01 211 7946
  • Branch:           Visit any one of our branches or Al Rajhi showrooms
  • e-mail:             car@alrajhibank.com.sa 

 

 
 Click here to download the Car Finance application form