The Economy website monitors Bank Albilad personal financing details of up to 2 million Saudi riyals.
The applicant must be a Saudi citizen or resident within the borders of the Kingdom of Saudi Arabia.
The age of the applicant to obtain personal financing in the country must not be less than 18 years.
The applicant must have a current bank account with Bank Albilad in the Kingdom of Saudi Arabia.
It is required that the monthly income of the citizen is not less than 3000 Saudi riyals.
It is required that the monthly income of a non-Saudi citizen is not less than 3,500 Saudi riyals.
Personal finance is Sharia compliant.
The amount of personal finance is up to 2 million Saudi riyals.
Available to all Saudi customers as well as residents.
Personal finance does not require a guarantor or guarantor.
The repayment period is up to one full year.
Bank Albilad is considered one of the most important banks and financial institutions in the Kingdom of Saudi Arabia, as it provides many soft and flexible loans and financing to citizens and retirees, in addition to the possibility for residents within the Kingdom to obtain financing
Bank Albilad is a Saudi joint stock company headquartered in Riyadh, established by Royal Decree 48\m on 9/21/1425 AH (corresponding to November 4, 2004 AD) with a capital of 7,500,000,000 Saudi riyals.
Bank Albilad is keen to set clear procedures for all bank employees in the field of combating money laundering and terrorist financing in order to ensure compliance not to use the accounts of individuals and the accounts of companies and institutions for illegal purposes that may be related to money laundering or terrorist financing.
The Bank’s work did not stop only on setting procedures, but rather it identified, evaluated and analyzed the risks associated with the services and products it provides, taking into account the geographical areas in which the Bank operates, in order to develop appropriate controls and standards.
For reasons of continuing the accuracy standard at the bank, an independent department for combating money laundering and terrorist financing was established, which derives its controls from the regulations and instructions issued by the Saudi Central Bank. The first responsibilities of this department are issues related to combating money laundering and terrorist financing in the bank, and among its tasks is also setting up due diligence procedures towards customers by evaluating new business relationships, monitoring financial transactions, studying customer accounts, analyzing financial movements, and all this for the purpose of verifying that there is no The existence of any suspicion that may be related to or related to money laundering or terrorist financing operations.
