Saudi Hollandi Bank Personal Loan - Citizen Private Sector
|Minimum Salary needed||S.R. 5,000|
|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 One year; Age 25 to 60; Employer Approved;|
|Main Features||Shari’ah compliant; Exemption from remaining repayments in case of death (God forbids)|
Saudi Holland Bank is the pioneering banking institution in Saudi Arabia. The bank was established in the year 1926 and those days it was known as The Netherlands Trading Society and it operated out of a single office in Jeddah.
As the only bank in Saudi Arabia in those days, 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 of SAR 3.9 billion. The Bank employs 1,504 people out of whom over 88.43% are Saudis. It has 45 branches, 15 Ladies Sections, 30 Prestige Banking Centers and 265 ATMs delivering banking services throughout Arabia.
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, the same way Dammam and Riyadh are.
Touching on economic matters, Jeddah is set to nurture capital investment in scientific and engineering leadership in Saudi Arabia, and the larger Middle East. Jeddah’s history is punctuated by legendary money changers.
Personal Loan-Citizen Private Sector
Our personal loans are our signature imprinted upon your personal financial goals and dreams and our intention to finance them into reality.
Key features and benefits:
- It is Shariah- compliant;
- Get instant approval;
- Top Up after repayment of 20% of your existing finance;
- Finance up to SAR 1.5 million;
- Repayment period of up to 60 months; and
- Exemption from remaining repayments in the event of death.
Eligibility and requirements:
- A copy of valid ID :copy of Iqama and copy of passport for aliens;
- Employment letter;
- Salary transfer;
- A completed application form;
- Minimum monthly salary of 5,000 SAR;
- Minimum stay with current employer is 12 months; and
- Age bracket: 25 and 60 years;