Personal Finance
Cash financing for government, military and private-sector employees.
- Repayment up to 60 months
- Deduction up to 33.33% of salary
- Admin fee max 1% or SAR 5,000
Financing that fits your needs
All products are Sharia-compliant (Murabaha, Tawarruq, Ijarah) and offered by licensed lenders
Home Finance
Buy or build your home with long-term financing, combinable with housing support for eligible citizens.
- Terms up to 25–30 years
- Combinable with housing support
- Down payment from 10% for eligible first homes
Car Finance
Own a new or used car through lease-to-own (Ijarah) or Murabaha.
- Flexible down payment
- Balloon payment option
- Comprehensive insurance per offer
Debt Buy-out & Refinance
Move your debt to a lender with better terms, or merge obligations into a single installment with extra cash.
- One installment instead of many
- Possible extra cash
- SIMAH defaults reviewed case by case
Retiree Finance
Dedicated solutions for civil and military retirees based on pension income.
- Deduction up to 25% of pension
- Term suited to your age
- Simplified process
Financing rules in Saudi Arabia
Key points from the Saudi Central Bank (SAMA) Responsible Lending Principles and Consumer Finance regulations — know your rights before you sign
Deduction ratio
Consumer finance installments may not exceed 33.33% of an employee's net salary, or 25% of a retiree's pension.
Personal finance term
The maximum repayment period for consumer (personal) finance is 60 months.
Admin fees
Administrative fees may not exceed 1% of the financed amount or SAR 5,000, whichever is lower.
APR disclosure
Lenders must disclose the Annual Percentage Rate (APR) and total cost of financing in writing before signing.
Right to withdraw
You may withdraw from a consumer finance contract within 10 business days of signing, subject to regulatory conditions.
Early settlement
You may settle early; the amount due to the lender may not exceed the profit of the following three months.
For guidance only and subject to change; the Saudi Central Bank regulations and each lender's terms prevail.
General eligibility
- Saudi national or legal resident (depending on lender policy)
- At least 21 years old, and within the lender's maximum age at the end of the term
- Fixed monthly salary transferred to a bank, starting from SAR 4,000
- At least 3 months of service with the current employer (varies by sector)
- Acceptable credit record with SIMAH
Documents usually required
- Valid national ID or Iqama
- Recent salary certificate
- Bank statement for the last 3 months
- National address
- Consent for SIMAH credit inquiry (done with the lender)
Documents are never requested through this website; your advisor will guide you to submit them directly to the licensed lender.
Ready to see how much you can get?
Apply now for free and let an advisor find the best available financing offer for you.