How to Apply for a Personal Loan at Alinma Bank
Alinma Bank offers Sharia-compliant personal financing with high limits, flexible terms, and digital access. This guide explains how to apply for personal financing via the Alinma App and the Alinma website, including features, conditions, and examples.
What Types of Personal Financing Does Alinma Offer?
Alinma Bank provides two Sharia-compliant personal finance products:
| Financing Type | Description |
|---|---|
| Commodity Financing | Alinma sells a commodity on your behalf and deposits the proceeds. |
| Stock Murabaha Financing | You buy shares approved by the Alinma Shariah Board and receive financing. |
Both options are structured to support various financial needs under Islamic finance principles.
Alinma Bank Personal Loan Requirements
Alinma Bank personal loan requirements generally include being a Saudi national or expatriate, meeting minimum age criteria (typically 18 or 24 years, depending on the product), and having a minimum net salary. Salary transfer to Alinma Bank is often required, though some products offer financing without it. Required documents usually involve a valid national ID and a salary certificate.
Key Features of Alinma Personal Finance
- Maximum financing amount: SAR 7.5 million
- Repayment period: Up to 60 months
- Special APR offer: 3.61% (valid from March 6 to April 5, 2025)
- Eligibility: Available for Saudis and expatriates
- Top-up available: If current deduction rate < 33.33%
- Minimum age: 18 years (for Saudis)
- Maximum age: 75 years (for retirees)
- Minimum net salary: From SAR 3,000 (sector dependent)
- Admin fee: 1% of financed amount, up to SAR 5,000 (excluding VAT)
How to Apply via the Alinma App (Step-by-Step)
Follow these 9 steps to complete your personal loan application through the app:
- Open the Alinma App → Tap “Finance” > “Request Finance” > “Apply Now”
- Choose your employment sector and select your employer
- Enter your net monthly salary and tap “Continue”
- Select number of dependents and input monthly expenses
- Upload the required documents
- Submit your application for review
- After approval: Receive an SMS
- Log into the app → Go to “Request Status” → Review and accept the offer
- Sign the promissory note via SMS link from NAFITH (Ministry of Justice)
- Approve the financing contract inside the app
- Enter the activation code received via SMS
- Alinma sells the asset on your behalf and deposits the funds into your account
How to Apply via the Alinma Website
Steps for applying on the official Alinma website:
- Visit www.alinma.com
- Navigate to “Personal Finance” or “Request Finance”
- Select the financing type (Commodity or Stock Murabaha)
- Fill in your personal and employment details
- Upload supporting documents (e.g., salary slip, ID)
- Submit your application for approval
- Follow further instructions via SMS or email to complete your request
Online applications are recommended for existing customers or those with online banking access.
📝 Terms, Conditions & Fine Print
- Min/max age requirement: 18–75 years
- Loan amount starts at minimum net salary SAR 3,000
- Administrative fee: 1% of loan, max SAR 5,000. VAT extra
- Offer window: March 6 – April 5, 2025
- All financing options are subject to Alinma’s credit policies and approval process
- Commodity-based financing may carry market fluctuation risk. By applying, you acknowledge understanding these risks .
Application Channels
You can apply for personal financing through:
- ✅ Alinma App (ideal for new customers)
- ✅ Alinma Website
- ✅ Phone: 8001208008
- ✅ Alinma Bank Branches
What Happens After Approval?
Once your financing is approved:
- You receive a promissory note link via SMS from NAFITH
- Sign and verify your note through the NAFITH system
- Agree to the contract inside the Alinma App
- Ownership of the asset is transferred to you
- Alinma sells it to a third party
- Proceeds are deposited directly into your account
Personal Financing Examples
| Monthly Installment | Loan Amount | APR | Tenure | Financing Type |
|---|---|---|---|---|
| SAR 1,809.58 | SAR 100,000 | 3.82% | 5 years | Stock |
| SAR 2,714.38 | SAR 150,000 | 3.82% | 5 years | Stock |
| SAR 904.79 | SAR 50,000 | 3.82% | 5 years | Stock |
Illustrative only. Actual rates depend on your credit evaluation.
Alinma Bank Personal Loan Interest Rate Saudi Arabia
Alinma Bank personal loan “interest rates” are referred to as “profit margins” or “Annual Percentage Rate (APR)” due to their Sharia-compliant financial products. These can vary based on the specific product (e.g., with or without salary transfer), customer eligibility, and current offers. For example, some products might show a profit margin starting from 8% APR, with an overall APR of around 14.13%. It’s always best to check Alinma’s official website for the most current and specific rates.
Alinma Bank Personal Finance apr 2025
Alinma Bank’s personal finance APRs for April 2025 indicated special offers, with profit margins as low as 3.61%. APRs can vary based on the specific product, customer eligibility, loan amount, and repayment period, with examples showing APRs around 3.82% for a 5-year stock-based finance. As a Sharia-compliant bank, Alinma uses “profit margins” instead of traditional interest rates.
Required Documents for Application
You must upload:
- Valid National ID or Iqama
- Salary certificate or payroll slip
- 3-month bank statement
- Any existing loan obligation documents if applicable
With competitive rates and flexible structures, Alinma’s personal financing empowers you to plan for education, travel, home projects—or any goal—under Sharia-compliant terms. Choose your preferred channel, follow the steps, and take the next step toward achieving your financial aspirations.