Smart finance
Fast and flexible financing
Need cash for emergencies, travel plans or big purchases? Get up to 50,000 without salary transfer
Who can apply?
Saudi national
Must be a Saudi citizen between the ages of 21 and 62
Minimum salary
Your monthly income should be 5,000 or more
Employment
You must work at one of the approved employers, and have completed at least 3 months with your current employer
FAQs
Is it really Shariah-compliant?
-
Yes, our finance products are fully approved by our dedicated Shariah board. Every aspect of the finance offering is reviewed to ensure it adheres to Islamic finance principles.
What are the profit rates?
The annual profit rate (APR) starts at XX.XX% and may vary depending on the amount & duration
the numbers below illustrate examples of finances and their APRs
| Finance amount | Duration | APR * | Monthly installment |
| 10,000 | 12 months | 53.48 % | 1,024 |
| 20,000 | 18 months | 51.88 % | 1,495 |
| 50,000 | 24 months | 51.28 % | 3,059 |
* The table above is for example only; the APR may vary based on the finance amount, term, and each customer's credit history.
How long does it take to get approved?
-
We offer instant approval, and if all eligibility criteria are met, funds are usually disbursed within 24 hours.
What documents do I need to provide?
Who is eligible for Smart Finance?
• Saudi national
• Age between 21 to 62 years
• Employed in the public, private, military, or semi-government sector
• Minimum salary of 5,000
• Minimum of 3 months of employment with your current employer
Can I pay the full amount at once?
Can I cancel the finance if I change my mind?
Can I extend the repayment period after signing the contract?
What happens if I miss a payment?
• A delay in your credit score with SIMAH
• Accumulated dues
• Limited access to future financing
