The most important advantages that Samba Bank provides to customers when requesting personal finance
- Samba Bank Retirees Financing Program is approved by the Shariah Board of Samba Bank in the Kingdom of Saudi Arabia.
- A retired citizen in the Kingdom can benefit from this financing on large sums of money, the value of which can reach up to 500 Saudi riyals.
- The repayment period for the personal finance amount available with Samba Bank for retired citizens can be up to 60 months.
- Samba Bank provides customers with the possibility to purchase indebtedness.
- Quick and immediate approval from the bank, on the request to benefit from the personal finance for retirees available at Samba Bank.
- The bank will drop the due and remaining financing installments, in the event of the death of the applicant or total disability.
- The customer can obtain additional financing from Samba Bank, after paying 20% of the existing basic financing with the bank.
- The bank offers customers a Samba credit card for the duration of the personal finance.
Eligibility conditions to benefit from personal finance for retirees from Samba Bank
- The age of the applicant for financing must be at least 40 years, to benefit from the retired financing program available at Samba Bank in the Kingdom of Saudi Arabia.
- The minimum monthly income for a finance applicant is 2000 SAR.
- To complete the application procedures for obtaining personal finance for retirees from Samba Bank, it is required that the applicant for funding be a participant in the retirement program of the General Organization for Social Insurance or the Public Pension Agency in the Kingdom of Saudi Arabia.
Papers and documents required to complete the application
- The applicant must fill out the Personal Finance Request Form for Retirees from Samba Bank.
- Submit a copy of a valid national identity card for the applicant.
- A letter must be submitted approving the transfer of the retirement salary from the General Pension Agency or the General Organization for Social Insurance in the Kingdom.
- Submitting a letter of transferring the pension to the applicant for funding.
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