Personal Finance

Get a personal financing that meets your needs with several Shariah-compliant options, either through commodities or Murabaha stocks financing, with the possibility of obtaining financing also for qualified customers who are committed to existing financing with a deduction of less than 33.33% where personal financing can be Provided from Alinma Bank with the remaining deduction percentage.  

Apply Apply on Alinma App

Features

• Ability to choose from the shares approved by the Alinma Bank Shariah Board.
• Financing up to SAR 7.5 million.
• Repayment period up to 60 months.
• Available for both Saudis and expats.
• Fully Shariah-compliant.

You may enroll thru

• Alinma App (for the first personal finance)
• Apply
• Costumer Services: 8001208008
• Visit Alinma Bank branch

 Steps of Requesting and Executing via Alinma App

•  Click on finance and Select request finance and click on Apply now.
• Select employer sector, then Specify employer.
•  Fill in your net salary, then click continue.
•  Select dependents and monthly expenses.
• Upload required document.
• At this step personal finance has been successfully submitted and will be subject to the bank's credit study, whether by acceptance or rejection.
• After receiving the acceptance SMS log in to the app and thru request status you will be able to view and accept the offer.
• click on Approve promissory note thru (request status) an SMS will be sent with attached link via NAFITH (Ministry of Justice) to agree on the Promissory Note.
• After that you may Agree on the contract.
• Enter the activation code sent via SMS then click continue.
• Title of commodity will be transferred to customer, then the funds will be added to the customer account after selling the commodity by bank on the customer behalf to a third party.

Terms and Conditions

• Minimum age of 18 is required for Saudis.
• Maximum age of 75 years for retirees.
• Minimum net salary starts from SAR 3,000, depending on the sector.
• *Administrative fees equivalent to 1% of the financed amount, with a maximum limit of SAR 5,000.
• Profit margin starting from 1.79%APR 3,43%

* Administrative fees and commodity broker’s fees are subject to VAT
*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.
* Terms and Conditions Apply

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