Samba Personal Loan - For Expatriates without Assignment of End-of-Service Benefits (EOSB)

Minimum Salary needed SR 2,500
Maximum amount available SR 300,000
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 23 years of age; You should be employed for at least one year; You should be working with a Samba-approved employer
Main Features Approved by the Shariah Supervisory Board; Finance based on Tawarouq by the purchase and sale of local commodities; 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;