Non-Salary
Tawaruq Personal Finance
Get the personal loan you need without having to transfer your salary to BSF.
At BSF, we are committed to providing a variety of customer-centric financing solutions that cater to your aspirations and needs. That's why we have introduced our latest personal financing product, designed with you in mind. Whether you are looking to fund your child's education, purchase a new car, or invest in your dream project, we've got you covered. Our personal loan product is hassle-free and does not require a salary transfer, making it easier for you to secure the funds you need.
Our new product is designed to provide you with the liquidity you need at a competitive profit margin that complies with Islamic Sharia, without the need for the usual salary transfer procedures. To learn more about this innovative product and how to apply, visit our nearest branch or contact us. With this solution, you can turn your dreams into reality and cover your personal or family expenses in an easy, fast, and simple manner.
Eligibility Criteria:
- Minimum age of 21 years
- Available for Saudi customers only
- Minimum monthly salary of SAR 10,000
- Minimum term of service of 12 months
- Limited to approved sectors only
Required Documents:
- Opening an account with BSF
- Introduction letter from the employer
- National identity
Annual percentage rate (APR)
The annual percentage rate, or APR, is a measure of the real cost of borrowing money over the course of a loan or investment and is stated as a percentage. This does not account for compounding and includes any fees or other expenditures related to the transaction. The table below shows the APR of the personal finance.
| Funding Amount | Annual Percentage Rate* | Financing Period | Monthly Installment* |
|---|---|---|---|
| 300,000 SAR | 7.23% | 5 Years | 5,883.00 SAR |
*Subject to terms and conditions.
**The administrative fees are 1% of the financing amount or SAR 5,000 whichever is lower.
***Annual percentage rate (APR) starting from 4.86% including all fees and charges.
