Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
National Commercial Bank - Personal Finance by Local Shares National Commercial Bank - Personal Finance by Local Shares Minimum Salary: SAR 3,000 Salary Transfer: No Islamic Finance: Yes Maximum Term: 5 Years Flat Rate: 3.3% Reducing Rate: 5.94%
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One of the most important advantages of Personal Finance via local shares is the customer's access to cash within 15 minutes of sending the request, through buying the shares then selling them immediately or transferring them to the customer's trading portfolio. All buy & sell /transfer transactions are carried out by a simple push of a button, which gives instruction to the stock-trading system to trade the shares in the market at their direct price. This enables the customer to complete the purchase &sale /transfer operations while being present in the bank branch. Why Local Shares In Particular? It is a Sharia'h compliant financing formula, based on selling local stocks, where the bank buys and owns the stocks and afterward sells them to the customer on credit at the cost price plus the agreed profit margin. The customer shall have the right to dispose those shares by reselling them and getting the fund or retaining them in his portfolio.  
  • Compatible with the provisions of Islamic Sharia
  • ​Obtaining finance within 15 minutes
  • Immediate cash deposit to the customer's account in case of selling
  • Freedom to keep the shares for investment or to get cash to meet your needs
  • The amount of "Tayseer Alahli" local shares ranges from 5000 Riyal up to half million Riyal
  • Easy installments repayment programs for periods up to 5 years
  • Possibility of postponing the installment of the month of Ramadan
  • Insurance in the event of disability or death
  • Financing 2 in 1 (Personal Finance and Residential Finance for maximum benefit)
  • The need for a sponsor is not required
  • Management fees 1% of the amount of financing and not exceeding SAR 5000 maximum
Additional Information
Terms and Conditions apply Annual profit rate starts from 2.92% for a 5 year term Admin fees at 1% of the finance amount, maximum of SAR 5,000​​
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
Riyad Bank - Tawarruq
Minimum Salary
SAR 3000
Flat Rate