Saudi Hollandi Bank Personal Loan - Citizen Military College Students

Minimum Salary needed S.R. 3,000
Maximum amount available S.R. 1,500,000
Length of Loan 5 years
Profit Rate Annual Profit Rate (APR) starts from 2.50%
Upfront Fees ( if any ) 1% of finance amount with a maximum fee of SR 5,000
Eligibility Minimum current work experience 3 months; Age 18 to 36; Employer Approved;
Main Features Shari’ah compliant; Exemption from remaining repayments in case of death (God forbids)

Saudi Holland Bank-Jeddah

Saudi Holland Bank is the father and mother of all modern banks operating in Saudi Arabia. Founded in 1926, it was originally known as The Netherlands Trading Society and operated out of a single office in Jeddah.
Being the sole bank in the Kingdom at that moment, it served as the central bank, keeping the Kingdom's gold reserves and receiving oil revenues on behalf of the Arabian government.
At the end of March 2012, the bank had a paid-up capital amounting to SAR 3,969 million. The Bank employs 1,504 staff with a localized ratio of over 88.43% Saudis and has 45 branches, 15 Ladies Sections, 30 Prestige Banking Centers and 265 ATMs offering banking services throughout the Arabian Kingdom.

Jeddah

Jeddah is a modern city in the coastal region of the Red Sea. In addition to that, it is the major urban center in western Saudi Arabia. It is the largest city in Makkah Province, the largest sea port on the Red Sea, and the second largest city in Saudi Arabia behind the capital city, Riyadh. With a population of 5.1 million, Jeddah is an important mercantile hub in Saudi Arabia.
In matters economy, Jeddah is focused on nurturing capital investment in scientific and engineering excellence in Saudi Arabia, and the Middle East. Jeddah’s history is marked by popular legendary money changers.

Personal Loan Citizen -Military College Students

This financing solution is tailored to help young professionals to settle down in life early before the setting in of mid-life responsibilities.

Key features:

  •     Shariah- compliant;
  •     Instant approval;
  •     Top Up after repaying 20% of your current loan;
  •     Finance up to SAR 1,500,000;
  •     Repayment period of  up to 5 years; and
  •     Exemption from remaining repayments in case of death.

Eligibility and requirements:

  •     A copy of valid ID :copy of Iqama and copy of passport for aliens;
  •     Employment letter and salary transfer;
  •     A completed application form;
  •     Minimum salary of 3,000 SAR;
  •     Minimum stay at current employment is 3 months; and
  •     Age bracket between 18 and 36 years;