Samba Personal Loan - For Saudi Nationals working with government and semi-government employers
|Minimum Salary needed||SR 2,500|
|Maximum amount available||SR 1,500,000|
|Length of Loan||5 years|
|Profit Rate||Applicable Flat Rate starts from 1.45% and Applicable Annual Mark-up Rate starts from 2.79%|
|Upfront Fees ( if any )||Management fees should not exceed 1% of finance amount or SR 5,000 whichever is less|
|Eligibility||You should be at least 18 years of age; You should be employed for at least one month; You should be working with a Samba-approved employer|
|Main Features||Approved by the Shariah Supervisory Board; Simple documentation; Fixed profit rate for the entire finance period. Your profit rate will not change during the entire finance period; akaful 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; No guarantor required; Samba Credit Card without annual fees for the entire finance period; Opportunity to top up your Al Khair finance for extra cash;|
Samba Financial Group
Samba Financial Group is one of the largest and most acclaimed financial services groups in the Middle East. The Group has a solid reputation for world-class financial solutions matching the best in the world.
Since its inception, Samba has been leading the industry in innovation with a long list of industry pioneering, playing a major role in the modern transformation of banking in Saudi Arabia.
Of a truth, the Group’s world-class services, market-leading products and superior technology have made Samba one of the most successful financial services brands and the most internationally acclaimed bank in Saudi Arabia and even the Middle East.
In the western coastline of Arabia’s Red Sea lies a beautiful and sprawling city called Jeddah .It is the principal city in the western region of Saudi Arabia. Jeddah is the largest city in Makkah Province, the principal sea port on the Red Sea, and the second largest city in the kingdom of Saudi Arabia.
Currently, Jeddah has a population of 5.1 million dwellers. The city is a fine commercial center in Saudi Arabia in a similar context with Riyadh and Dammam, that is, in terms of function, economy and regional significance.
Jeddah’s economic focus is on harnessing and refining capital investment in scientific and engineering leadership throughout Saudi Arabia, and the Middle East.
Samba Group does not only honor your financial dreams and aspirations: it also finances all your dreams into fulfillment and reality.
Handsome features and benefits:
- It is Shariah-compliant;
- Instant approval over the phone;
- Large finance amount of up to SR 1,500,000;
- Repayment period of up to 60 months;
- Fixed profit rate for the entire finance period;
- Takaful Insurance - In case of death or permanent total medical disability all outstanding amounts will be considered paid as per the terms and conditions of insurance policy; and
- No guarantor is required.
Eligibility and requirements:
- Applicant should be at least 18 years of age;
- Monthly income should be at least SR 2,500; and
- Applicant should be employed for at least one month.