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Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Samba - Personal Finance For Expatriates Samba - Personal Finance For Expatriates Minimum Salary: SAR 2,500 Salary Transfer: No Islamic Finance: Yes Maximum Term: 5 Years Flat Rate: 2.22% Reducing Rate: 4.0%
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As an expatriate residing and working in Saudi Arabia, you can avail of a Samba Personal Finance to meet your growing needs with no end-of-service benefit requirement. Just call Samba, and get extra cash worth many times your monthly salary.
Features
  • Shariah Compliant
  • No guarantor required
  • Instant approval over the phone
  • Finance amount up to SR 750,000 for expatriates with assignment of End-of-Service Benefits and SR 300,000 for expatriates
  • without assignment of End-of-Service Benefits
  • Repayment period of up to 60 months
  • Fixed profit rate for the entire finance period
  • Takaful 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
  • Samba Credit Card without annual fees for the entire finance period*
  • Opportunity to top up your Al Khair finance for extra cash
Documents Required
  • Application form
  • A photocopy of a valid Iqama
  • Certificate of employment stating job title, joining date, monthly income and allowances, if any
  • Salary transfer letter from the employer
  • Home address
Additional Information
Eligibility: Expatriates with Assignment of End-of-Service Benefits (EOSB):
  • You should be at least 21 years of age
  • Your monthly income should be at least SR 2,500
  • You should be employed for at least one year
Expatriates without Assignment of End-of-Service Benefits (EOSB):
  • You should be at least 23 years of age
  • Your monthly income should be at least SR 2,500
  • You should be employed for at least one year
*Terms and Conditions apply
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the 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 on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
SABB - Personal Finance
Minimum Salary
SAR 3000
Flat Rate
3.79%
National Commercial Bank - Personal Finance
Minimum Salary
SAR 3000
Flat Rate
3.3%
Emirates NBD - Islamic-Non-Salary Transfer Financing
Minimum Salary
SAR 15000
Flat Rate
4.84%