Benefit
- Personal financing of up to SAR 2 million
- Shariah-compliant
- Competitive profit rates
- Minimal documentation required
- Fast approvals
- In the case of death or permanent disability, the debt will be waived after the required documents are submitted to the Bank and subject to insurance coverage*
Eligibility
- Minimum monthly income: SAR 9,000
- Must be employed by government, semi-government or private sector entities
- Must be 21 years of age or above
Required documents
- ID copy (valid original documents must be presented)
- 6 months bank statement showing salary balances
- Salary statement and guarantee letter of salary from employer, both addressed to FAB
- A fund form, filled and signed by the applicant
*Terms & conditions apply