Postponing Installments
Do you want to postpone your payments? The installment deferment product allows you to defer up to 3 installments of your personal finance, to be paid after the end of the current contract
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Product Example
| Financing Amount | Maturity In Years | APR | Monthly Installment Amount |
|---|---|---|---|
| SAR 15,291 | 5 | 27% | SAR 3,822 |
Product Terms and Requirements:
Nationality
That the customer is (citizen or resident) on the job or retired.
Employer
That the customer is an employee of one of the approved employers within the bank.
Minimum Age:
18 years for citizens and 23 years for residents
Minimum Salary:
- For citizens: 2000 riyals and 1900 for retirees
Customer Age:
The age should not exceed 60 years for employees and 75 years for retirees (when paying the last installment)
Required Documents:
- National identity card or residency card for residents
- Salary definition
- Salary fixation
- Financing application form
