The Economy website presents the steps for obtaining supplementary personal finance from Saudi Bank Albilad.
Supplementary Personal Finance from Bank Albilad allows you to obtain additional personal finance based on the repayment of your existing financing or based on the change in your monthly salary.
The main advantages of additional personal finance from Bank Albilad
Complies with the regulations of the Shariah Committee of Bank Albilad
The possibility of purchasing shares of any company within the list of shares approved by the Shariah Committee and specified by Bank Albilad
Quick completion of all customer financing application procedures.
Flexible repayment period of up to 60 months.
The possibility of early repayment at any time based on the controls of the Saudi Central Bank.
The ability to pay in installments commensurate with the customer’s monthly income.
A sponsor is not required to obtain financing.
Possibility of financing retired clients.
Available to Saudis and residents.
Steps to request supplementary financing online via Albilad app
Log in to the country app
Click on Funding at the top of the screen or on the shopping cart at the bottom of the screen
Choose Personal Finance
Click on the type of financing
Submission of the application
Steps to request supplementary financing online across Albilad Net
Login to Albilad Net service
Click on order banking products
Personal Finance Request
Fill in the data and review the information Verify the information
Confirmation of the agreement
Enter the verification code through the incoming call on your registered mobile phone
Submission of the application
the conditions
The customer must have a current account with Bank Albilad
The customer must be working in one of the establishments approved by the bank in the public or private sectors
The customer’s monthly net income shall not be less than 3,000 Saudi riyals for Saudi customers and 3,500 for non-Saudi customers in government sectors or based on the classification of the employer.
Required Documents
In the event that the application is submitted through the Albilad application or Albilad Net
Attach a definition from the employer, including the monthly salary, job title, and the date of joining the work.
If the application is submitted through Bank Albilad branches
Valid customer identification document.
Fill out an acknowledgment and disclosure of the client’s personal obligations.
A copy of the work card for employees of the military sectors.
Fill out the entire “Installment Purchase Request” form.
A definition from the employer, including the monthly salary, the job title, and the start date of joining the work.
How to review the initial offer via Albilad app
Log in to the country app
Request banking products
View order status
If the application is accepted, the value of the minimum and maximum amount granted will appear
Choose the value of the financing amount, provided that it is not less than the minimum value and not more than the maximum value
Click Confirm to accept the initial offer
