Personal Finance

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