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. Competitive Rate Enjoy our buyout competitive profit rates. Same Day Disbursement Get your financing approved on the same day, subject to eligibility and completion of documentation. Rewards Bonus Earn 50,000 Rewards points when you apply and get approved. 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. Current Account Applicants must have an active Current Account at SIB. Service Period Applicants must meet the minimum service period based on their employment sector: Government, semi-government, and military (officers): Minimum 1 month Military (soldiers): Minimum 12 months Private sector: Minimum 3 months Salary Minimum Applicants must meet the minimum net salary requirement based on their employment category: Government & semi-government: Military: Private sector: Retirees: Administration Fee Applicants must pay a standard administration fee not exceeding 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. Salary Transfer Certificate A certificate issued by your employer confirming that your salary is transferred to SIB. No Objection & Debt Transfer Letter A letter from your current bank confirming no objection to refinancing and approving the transfer of your outstanding debt to SIB. Account Statement An account statement for the last 3 months showing salary credits, verified by your current bank. Identity Card Employer’s staff identity card (showing the employee’s rank or grade, where applicable). Government Identification A valid Saudi National ID for Saudi citizens, or a valid Iqama for non-Saudi residents. View full Terms & Conditions and Personal Finance Product Risks Frequently Asked Questions How can I apply for this product? 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. When can I benefit from the remaining amount after settling my previous loan? The remaining amount will be released after SIB receives your first salary payment. Is this finance Shariah-compliant? Yes. Personal Finance Buyout 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