How to obtain a short-term loan in Saudi Arabia.. Get short-term personal financing

by

Short-term personal financing in Saudi Arabia

Some people wonder how to obtain a short-term loan in Saudi Arabia, as you can obtain short-term personal financing with ease, but subject to some conditions, from the website Your platform We will learn about the method that must be followed to obtain a short-term loan in Saudi Arabia.

How to get a short-term loan in Saudi Arabia

You can obtain a loan from Al Rajhi Bank very simply, which is done as follows:

  1. Enter the Al Rajhi Bank website “from here”.
  2. Go to the Individuals section and then choose the word Personal Finance.
  3. You will find personal finance programs in front of you, choose a short-term option.
  4. You will find an icon to apply now.
  5. Click on it to be directed to the application form. You must fill out the data correctly.
  6. If you have a bank account, log in and complete the financing application procedures.
  7. Record your monthly income data and then your marital status data.
  8. Then specify the residential address and review the conditions.
  9. You must attach the required documents and then click on submit the application.

Read also: How do I get a personal loan without a salary transfer? Obtain a loan of 64 thousand riyals without a guarantor

Read also: Resolving the crisis and filling obligations.. How to obtain a personal loan of up to 8,000 riyals without a guarantor

Advantages of short-term personal financing

Short-term personal financeThere are some prominent advantages that its beneficiaries focus on, including what we highlight as follows:

  • Compatible with the provisions of Islamic Sharia.
  • Instant approval.
  • Easy monthly installments for periods from 3 to 12 months.
  • Possibility of early repayment.
  • Possibility of postponing the installment for the holy month of Ramadan.
  • Insurance in the event of death or total disability (God forbid) according to the terms and conditions of the insurance policy.

Read also: How much is a new marriage loan? What are the conditions for a marriage loan from the Credit Bank?

Conditions for obtaining a short-term loan

There are some conditions that must be met by the person applying for a loan, including the following:

  • Must be a holder of Saudi nationality.
  • It includes government sectors, retirees, pension beneficiaries, and private sectors from approved and non-approved companies that transfer their employees’ salaries to the National Bank through the “Sari’e” salary transfer system only.
  • The minimum salary for Saudis is not less than three thousand riyals.
  • The minimum period of service is one month for Saudis in the government sector, and three months for Saudis in major companies.
  • The financing amount ranges from 5,000 riyals to 2,500,000 riyals.
  • The customer must be 18 years old when submitting the application for Saudis and 22 years old when submitting the application for residents, provided that the age does not exceed 60 years when the last installment is due, except for retirees up to 75 years old.

Thus, we have learned how to obtain a short-term loan in Saudi Arabia through one of the famous banks, Al Rajhi Bank. Obtain short-term personal financing by applying some simple steps.



ظهرت في الأصل على manaastk.com

Leave a Comment