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SAMBA Al Khair Personal Installment Finance

SAMBA Bank

WarningMessage This product is discontinued by the Bank

Al Khair Personal Installment Finance

Minimum Salary

AED 10K

Flat Rate

4.96%

Reducing Rate

9%

Loan Amount

AED 125K

Early Settlement Fee

1%

Arrangement Fee

1%

minimum salary

AED 10K

Minimum Salary

flat rate

4.96%

Flat Rate

reducing rate

9%

Reducing Rate

max finance

AED 125K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Features

  • Repayment period is up to 4 years
  • The loan is provided for a interest rate of 9%
  • Minimum salary of AED 10,000 is required
  • The reduction rate and the flat rate is 9% and 4.96%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is not mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 125,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Can get up to AED 125,000 loan amount
  • Takaful is provided free along with this scheme
  • Repayment period is long
  • Guarantors are not required to apply for this scheme

Frequently Asked Questions

⭐ What is the use of Samba Al Khair personal finance?

A. Samba Al Khair personal finance is for sale and purchase of local commodities without any guarantors.

⭐ Can I apply for personal finance if I am not Samba Al khair customer?

A. Yes, you can apply. Samba will open an account for you to fund the personal finance.

⭐ Do I have to pay any penalty or charge for late payment of installment?

A. Yes, you'll be charged with 4% of the installment.

⭐ Do we get life insurance along with Samba Al Khair personal finance?

A. Yes, you get life insurance up to loan amount for the given finance.

⭐ Does Samba Al Khair provide us with facility of settling our existing personal finance?

A. Yes, Samba Al Khair provides the facility of settling your existing personal finance.

SAMBA

Established in 1980 through a Royal decree and headquartered in Saudi Arabia, SAMBA has evolved into the region’s most acclaimed financial services group. Having a presence in GCC, Europe and South Asia including London, Dubai, Qatar and Pakistan, SAMBA is the most internationally awarded bank in Saudi Arabia and the Middle East. They follow the values of :

  • Dedication to customers
  • Commitment to employees
  • Constant improvement approach
  • Fulfilling Corporate Social responsibility
  • Superior returns to investors

SAMBA offers a wide range of Shariah-compliant Personal Finance solutions to match the different requirements of customers

   Get in touch with SAMBA Customer Care

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