As part of our efforts to provide various financing solutions for our valued customers, we offer you the personal financing Buyout to pay the personal finance with local banks and merge it in one installment at Alinma Bank with a competitive profit margin.
Features:
- Repayment period up to 60 months.
- Fully Shariah-compliant
Terms and Conditions:
- Available for Saudi customers only
- Minimum age of 18 is required
- Maximum age of 75 years for retirees is required
- Minimum net salary starts from SAR 3,000, depending on the sector
- Available only for employees of Alinma approved entities
- Profit margin starting from 1.79%APR 3,43%
*Notice: Personal financing products may involve certain risks, including but not limited to fluctuations in stock prices. By submitting your financing application, you acknowledge that you are fully aware of these associated risks.
Example:
|
Buyout (Debt Repayment Services) |
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|
Monthly Installment |
Loan amount |
Profit Rate (APR) |
Financing Period |
Product |
|
SR1,784.17 |
SR 100,000 |
3.82% |
5 years |
Commodity |
|
SR 2,688.75 |
SR 150,000 |
3.82% |
5 years |
Commodity |
*Any information or rates mentioned are for example only. All financial product and service delivery is subject to the credit policies of Alinma Bank. |
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