Personal Finance and Purchases
Forget complicated paper work and long procedures. Get all the personal financing you need hassle-free.
We offer personal financing tailored to your individual needs
Date of last pricing update 16/11/2022
Getting cash with Naqdi is easy
Thinking about getting a new car? New furniture? Or even getting married? Whatever your desires, you no longer have to wait. Get up to SAR 100,000 instantly with Quara Finance and pay back in convenient installments.
Naqdi
Enjoy fast and easy financing for all your personal needs
The benefits:
- Financing up to SAR 100,000
- Quick and easy approval process
- Repayment period of up to 5 years
- All nationals and residents in Saudi Arabia qualify
- No administrative fees
- Sharia Compliant
- Sponsorship not needed
- Salary transfers not needed
The conditions:
- Good Credit history
- According to the Central Bank of Saudi Arabia, a guarantor must be added if financing amount is more that SAR 100,000
| Sector | Salary | Guarantor | Service | Min. Age | Max. Age (At final installment) | Tenure | Min. Finance | Max. Finance |
|---|---|---|---|---|---|---|---|---|
| Military (Officers) | 4000 SAR | NO | 6 Months | 21 years | Depends on the rank | 60 Months | 5000 | 100000 |
| Military (Non officers) | 6 Months | 25 years | Depends on the rank | 100000 | ||||
| Saudi (Government & Private) | 3 Months | 21 years | 60 years | 100000 | ||||
| Retirees | / | / | 70 years | 50000 | ||||
| Non Saudi (Government & Private) | 24 Months | 25 years | 50 years | 100000 |
* Terms and conditions apply
Required Documents:
- A valid National ID / resident ID
- A completed financing application form
- For a Saudi government employee: proof of income for a period not exceeding 90 days
- For a resident government employee: proof of income for a period not exceeding 30 days
- For private sector employees: proof of income for a period not exceeding 30 days
- Account statement showing salaries for the last 3 months
- Certificate of terms and wages for private sector employees
Tasawwaq
Anything you want now? Or is there a show you just don’t want to miss? Shop from our extensive network of retailers with Tasawwaq Financing and pay back later in easy and convenient monthly installments. No down payment or guarantor necessary!
The Benefits:
- Financing up to SAR 100,000 (depending on partner retailer)
- Quick and easy approval process
- Repayment period of up to 3 years
- All nationals and residents in Saudi Arabia qualify
- Sharia Compliant
- Sponsorship not needed
- Salary transfers not needed
| Sector | Salary | Service | Guarantor | Min. age | Max. age | Tenure | Min. finance | Max. finance |
|---|---|---|---|---|---|---|---|---|
| Retirees | 4000 SAR | - | NO | - | 70 Years | 36 Months | 2500 SAR | 100000 SAR |
| Military (Officers) | 6 Months | 21 Years | Depends on the rank | |||||
| Military (Non officers) | 6 Months | 25 Years | Depends on the rank | |||||
| Saudi (Government & Private) | 3 Months | 21 Years | 60 Years | |||||
| Non Saudi (Government & Private) | 24 Months | 25 Years | 50 Years |
* Terms and conditions apply
Required Documents:
- A valid National ID / resident ID
- A completed financing application form
- For a Saudi government employee: proof of income for the last 3 months
- For private sector employees: proof of income for the last month
- For the public sector: Account statement showing salaries for the last 3 months
- Certificate of terms and wages for private sector employees
Partners
