Personal Finance

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Whatever your financial needs are, SAB has the right solution for you.

No matter whether you would like to:

  • Get married or plan a family vacation
  • Enroll your loved ones in schools and universities
  • Buy a new car
  • Or with any other financial requirement

SAB provides Shariah compliant Personal Finance, to help you fulfil your ambitions and achieve your dreams, with attractive features and competitive rates.

SAB offers you personal financing solutions under the concept of Tawarruq.

Personal Finance digital journey

The Personal Finance digital journey enables existing SAB customers to apply for a new or a Top-Up personal finance directly from their e-Banking.

The customer is able to upload his documents, get an initial offer in 10-15 minutes, digitally sign the contract and get the finance disbursed without the need to visit a Branch.

Key benefits of applying digitally

  • Available 24/7
  • Accessible from anywhere
  • Visiting the branch is not required
  • Limited manual data entries
  • Short application time
  • Quicker application approval time
  • Paper-free
  • Enhanced customer experience

Tawarruq Concept – “MAL”:

The “Tawarruq” concept is approved by SAB’s Shariah Supervisory Committee. SAB owns metals that it purchased from the global market. These metals are then sold to you at a known and fixed annual percentage rate. After buying the metals from SAB, you can issue a power of attorney to SAB for the purpose of selling the metals for cash.

Features & Benefits:

  • Fully Shariah-compliant financing solution
  • Instant approval and you can get your finance within 3 hours, if you have provided all required documentation
  • Financing of up to SAR 2,000,000
  • In case of death or permanent disability (God Forbid), outstanding finance amount will be waived after providing the required documents.
  • Repayment period of up to 5 years (60 months)
  • Option to pay off existing debts with other banks (Switch Program)
  • Additional personal finance (top up) is possible after paying off a minimum of 20% from you current finance principle amount

Eligibility Criteria:

  • The applicant must be at least 21 years of age and maximum 58 years for government or 60 years for private sector.
  • A minimum basic salary of SAR 3,000 (Saudi & Non-Saudi)
  • A Minimum total salary starts from (SAR 4,000) for Saudi nationals and (SAR 7,000) for non-Saudi.
  • The applicant must be employed for at least one month for (Saudi nationals) and 3 months for (non-Saudis) in his/her current job

Personal Finance for Retirees:

SAB understands that its customers continue to pursue their dreams and aspirations even after they retire. Therefore, SAB offers Shariah-compliant Personal Finance for Retirees under the concepts of “Tawarruq” and “Murabaha” to help retirees realise their wishes and goals.

Features & Benefits:

  • Fully Shariah-compliant financing solution
  • Financing from SAR 10,000 up to SAR 500,000
  • Flexible repayment period from 12 up to 60 months
  • No guarantor required
  • Waiver of the outstanding finance amount in the event of death or permanent disability (God forbid)

Eligibility Criteria:

  • Customer must be between 40 and 70 years of age
  • Minimum monthly pension of SAR 3,000

Required documents for obtaining Personal Finance:

  • Copy of ID (Saudi nationals)/ Passport copy (GCC nationals and expatriates)/ Iqama valid for a minimum of one month (expatriates)
  • A Salary Introduction Letter that is less than one month old
  • Salary Assignment Letter (signed by an authorised signatory)


  • Administrative charge consist of 1.15% of the finance amount or SAR 5,750 whichever is lower.
  • Early settlement fee is the next three months profit based on payment schedule.
Finance amount APR Maturity in Years Monthly installment
300,000 6.28% 5 Years 5,766

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


*Policy terms and conditions apply

Only available to residents of Saudi Arabia

** To help us continually improve our service and in the interest of security, we may monitor and/or record your telephone call with us.

***Annual Percentage Rate starts from 3.51%