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Financing Against Deposits Product
SAB’s Finance against Pledge of Cash Deposits Product is Sharia compliant short term financing
Learn moreWhatever your needs, SAB provides you flexible financing solutions to cover your personal and family expenses easily and without the need for salary transfer.
Example:
Finance amount | APR | Maturity in Years | Monthly installment |
200,000 | 8.18% | 5 Years | 4,000 |
Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.
*APR & Monthly repayment amount may differ depending on the amount and the maturity period and the prevailing bank rate
Monthly Payment
SRNet Finance Amount :
SRRevised Profit:
Management Fee + VAT:
Kindly choose your nationality status
Employement Sector
Terms and condition apply.
Disclaimer: Please note that above is only an indicative calculation as the rates may differ.
Kindly visit the branch or call us on 800 124 8888 for more details.
Net Finance Amount :
d SR
Monthly Payment aa
Revised Profit: aa
Management Fee + VAT:
Terms and condition apply.
Disclaimer: Please note that above is only an indicative calculation as the rates may differ.
Kindly visit the branch or call us on 800 124 8888 for more details.
Yes, the annual percentage rate is fixed for the finance period.
APR is the actual Profit charged over the term of the facility and is quoted on an annual basis. This is the true cost of the finance. It is calculated using a formula that is derived from dividing the Profit paid by the average principal outstanding, over the life of the facility. The profit is calculated on a daily basis, commencing on the date the transaction is executed.
The maximum amount you might get is 300,000 SAR
It starts from 12 months until 60 months as max.
No, you are not required to provide any collateral or guarantee to obtain Finance.
No, it’s not a required to transfer your salary to get this product.
No, the customer has the ability to select the repayment monthly installment date (from 6 prefixed cycles) at the stage of applying. And the selected date will be fixed during the facility period. The customer must deposit the installment amount in his account on the due date.
Yes, you can get a personal finance with salary guarantee or without it.
Yes, SAB allows Re-financing provided you have paid at least 20% of finance amount of your existing finance and the net finance amount is at least SAR 10,000.
Yes, SAB allows customers to settle their finance before the maturity date. Upon the regulations the customer needs to pay the next three months profit as agreed earlier.
SAB understands your need for Personal Finance to improve your family circumstances or meet family needs. In the unfortunate event of your death (God forbid), SAB will waive the remaining finance amount to help prevent hardship for your heirs. However, to avail of this benefit, the heirs must require to provide full and correct information when completing the Medical Questionnaire at the time you apply for Finance. (For more details, please see the Instalment agreement.)
SAB will waive any outstanding finance should you become totally and/or permanently disabled (God forbid), provided such total and/or permanent disability continues for at least six months from the date of the event (accident or illness) that has caused such disability. However, to avail of this benefit, you are required to provide full and correct information when completing the Medical Questionnaire at the time you apply for Finance. (For more details, please see the Instalment agreement.)
SAB’s Finance against Pledge of Cash Deposits Product is Sharia compliant short term financing
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