Minimum Finance Amount 50,000 Maximum Finance Amount 3,000,000 Minimum Repayment Period 6 months Maximum Repayment Period 5 years Features & Benefits Shariah-Compliant Shariah-compliant based on Murabaha. Additional Finance Eligibility Become eligible for additional financing if your monthly salary increases. Debt Relief Protection Benefit from debt relief in case of death or permanent disability. Refinancing Options Access refinancing options after meeting the required financing amount. No Sponsor/Guarantor Required Apply for financing without the need for a guarantor or sponsor. Same Day Disbursement Get your financing approved on the same day, subject to eligibility and completion of documentation. Personal Finance Calculator Example Breakdown Enter the details below to view your monthly installments, finance amount, annual profit rate, and flat rate. Monthly Salary Government Semi-Government Military Private Retired Government Semi-Government Military Private Retired Employer Sector Finance Tenor (months) Months Years Months Years Months Please note that these are simulated amounts representing approximate numbers only, without taking into account your monthly obligations and credit bureau results. For exact figures please call 800-124-8000 or visit your nearest SIB Branch. All personal financings are subject to credit approval. Finance Amount 0.00 Monthly Installment 0.00 Annual Profit Rate 0% Flat Rate 0% Apply Now Reset Calculation Please note that these are simulated amounts representing approximate numbers only, without taking into account your monthly obligations and credit bureau results. For exact figures please call 800-124-8000 or visit your nearest SIB Branch. All personal financings are subject to credit approval. Finance Amount 100,000Repayment Period (Tenor)5 yearsAPRStarting from 4.93%Installment Amount 1,857.49 This example is for illustration purposes only. APR may vary based on the finance amount and repayment period. Eligibility Criteria Required Documents Nationality Applicants must be Saudi citizens. Age Applicants must be at least 21 years old, with a maximum age of 65 at finance maturity. Salary Account Applicants must have an active Salary Account at SIB. Service Period Applicants must meet one of the following service period requirements: Government sector: Minimum 1 month with the current employer Private sector: Minimum 3 months with the current employer Approved Employer Applicants must be employed by an employer listed on the Bank’s approved list. Administration Fee Applicants must pay a standard administration fee of up to 1% of the finance amount or $5,000, whichever is lower. View full Terms & Conditions and Personal Finance Product Risks Introduction Letter An official employer letter stating your salary, allowances, and employment start date. Application Form An official employer letter stating your salary, allowances, and employment start date. Salary Assignment Letter A salary assignment letter that allows your employer to transfer your salary to SIB. Debt Letter (For Buyout) A liability letter from your existing bank or financial institution, applicable when refinancing from another bank. Government Identification A valid Saudi National ID. Account Statement An account statement for the last 3 months showing salary credits, verified by your current bank. Salary Transfer Certificate A certificate issued by your employer confirming that your salary is transferred to SIB. View full Terms & Conditions and Personal Finance Product Risks Frequently Asked Questions What profit rate do I pay? You can apply through SIB Retail App, SIB Retail Online, or by calling SIB Phone Banking at 800 124 8000.The application is fully digital, and you’ll receive updates at each step. What profit rate do I pay? The profit rate is fixed for the full tenor of the Murabaha Personal Finance. You can use the calculator above to get an estimated profit amount. For the current profit rate or available promotions, please contact SIB Phone at 800 124 8000. I have a loan with another bank. Can I transfer my debt? Yes. We can buy out your existing debt, subject to eligibility and bank approval. Can I settle the finance early? Yes. Early settlement is available in accordance with the bank’s terms and conditions. Is this finance Shariah-compliant? Yes. Murabaha Personal Finance is structured in accordance with Shariah principles and approved by the Bank’s Shariah Committee. We’re Always Within Reach Stay connected to your banking, through our customer care team, digital channels, and branches everywhere. Customer Care Submit inquiries, raise complaints, and access support anytime. /customer-care Branches & ATMs Easily locate branches and ATMs wherever you are. E-Banking Services Bank smarter and faster with our secure digital platforms. /personal/e-banking-services