Saudi Hollandi Bank Personal Loan - Citizen Public/Semi-public/Military Sector
|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 Upon hiring; Age 18 to 60; 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 pioneering bank in Saudi Arabia. The bank was established way down in 1926 and those days it traded as The Netherlands Trading Society and it conducted its business out of a single office in Jeddah.
Being the only bank in Saudi Arabia in those early days, Saudi Holland Bank served as the central bank, keeping the Kingdom's gold reserves and receiving oil income for the government of Arabia.
By the end of the year 2012, the bank boasted of a paid-up capital of more than SAR 3.9 billion. The Bank employs 1,504 people out of whom over 88.43% are native Saudis. It has 45 branches, 15 Ladies Sections, 30 Preferred Banking Centers and 265 ATMs conveying banking services throughout Arabia.
Jeddah is a modern cosmopolitan in the coastal region of the Red Sea. Moreover, it is the main urban center in western Saudi Arabia. Jeddah is the largest city in Makkah Province, the largest sea port on the Red Sea, and the second largest city in Saudi Arabia behind Riyadh, Saudi’s capital city.
The city has a growing population of 5.1 million people is and it is an important commercial powerhouse in Saudi Arabia, in the same breadth with Riyadh Dammam.
When it comes to economy, Jeddah is known to develop and nurture capital investment in scientific and engineering leadership in Saudi Arabia, and the Middle East region as well.
Personal Loan-Resident Public/Semi-public/Military Sector
We at Saudi Holland bank believe in the validity of all human dreams and offer a wide variety of tools to achieve them. One such instrument is our unique and customized personal loans.
Key features and benefits:
- It complies with Shariah;
- Get instant approval;
- You can top up after settling 20% of your existing loan;
- Amounts of up to SAR 1.5 million;
- Repayment duration of up to 60 months; and
- Exemption from remaining repayments in the event of death.
Eligibility and requirements:
- A valid copy of passport ;
- Employment letter;
- Salary transfer;
- A completed loan application form;
- Minimum stay in the current employment: 3 months;
- Minimum monthly salary of 3,500; and
- Age bracket: 21 and 60 years;