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Salary

Tawaruq Personal Finance
Key features
  • Shariah-compliant financing
  • Quick turnaround time
  • A top up facility is available after repayment of 20% of your existing finance
  • Financing of up to SR 2,500,000
  • A repayment period of up to 5 years
  • Exemption from remaining repayments in case of death (** Terms and Conditions apply) 
  • Possibility of loan transfer
  • The management fees 1% of the financing amount or SAR 5,000 whichever is less.

Documentation
  • Salary Certificate & salary assignment letter
  • Bank Statement
  • Original ID
  • BSF current account
*Annual percentage rate (APR) starting from 4.67% including all fees and charges

Example: Disclosure of Profit Rates of Personal finance for 5 years
Monthly Payment Amount *APR Maturity Years Finance Amount
2,217.71 SAR 2.49% 5 years 125,000 SAR
3,606.60 SAR 2.48% 3 years 125,000 SAR
10,551.04 SAR 2.37% 1 years 125,000 SAR

* APR may differ depending on the amount and the maturity period different from the above example and subject to credit scoring of each customer

Personal Finance Tawaruq Agreement

Simulate your personal finance

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