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. Same Day Disbursement Get your financing approved on the same day, subject to eligibility and completion of documentation. Debt Relief Protection Benefit from debt relief in case of death or permanent disability. No Sponsor/Guarantor Required Apply for financing without the need for a guarantor or sponsor. Refinancing Options Access refinancing options after meeting the required financing amount. 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 Private sector: Minimum 3 months (1 year for expats) Approved Employer Applicants must be currently employed or retired from the government or private sector and listed under SIB’s approved employer list. Current Finance Amount Applicants must have paid at least 20% of their current finance amount to be eligible for refinancing. Debt Burden Ratio Applicants’ debt burden ratio must not exceed 33% for employed customers and 25% for retirees. View full Terms & Conditions & Personal Finance Product Risks Government Identification A valid Saudi National ID. Identity Card Employer’s staff identity card (showing the employee’s rank or grade, where applicable). Introduction Letter An official employer letter stating your salary, allowances, and employment start date. Commencement Letter A letter issued by your employer and addressed to SIB, including your account number and confirming your employment start date and, where applicable, end date. 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 & 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. 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. Is this finance Shariah-compliant? Yes. Refinance 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