Terms and Conditions:

• Offer is valid from 4 September until 4 November 2022
• Customer who gets a personal finance during the offer period will also get:
  • The profit rate for the first half of the financing tenor (30 months) will be borne by the customer. The profit rate for the remaining tenor (last 30 months) will be waived, while noting that the profit for the waived period does not equal half the profit amount for the entire tenor
  • Waiver of admin fees for Personal Finance
  • Free Credit Card
  • Waiver of the profit margin on the Credit Card for a full calendar year from the date of the Personal Finance disburse date
• This offer is available to new and existing SAIB customers who obtain personal finance during the offer period. Covered products (new finance and buyout)
• Existing SAIB customers who obtain Refinance or Additional Finance during the offer period, will be eligible to avail the following:
  • Waiver of admin fees for Personal Finance
  • Free Credit Card
  • Waiver of the profit margin on the Credit Card for a full calendar year from the Personal Finance disbursement date
• This offer applies to Personal Finance for a period of 60 months only
• Customer must pay the minimum due amount for the credit card on monthly basis
• In the event of customer’s failure to pay the minimum amount of the credit card dues (5% of the outstanding amount) during the profit margin waiver period, the offer will be canceled and the credit card's regular monthly profit margin will be applied
• In the event of customer having a credit card before the campaign, he has the right to request the profit margin waiver for his current card, which will be applied starting from the next month's statement
• The offer of  the first years profit waiver on credit cards is applicable on maximum amount pertaining to 11.67% of customer DBR is allocated to the card
• In the event of early settlement of personal finance or buyout before paying 12 installments of the personal finance, the usual monthly profit margin will be applied on the credit card
• To take full advantage of credit card first year’s profit waiver offer, customer has to continue paying the Personal Finance at least for the first year, where, in case customer asks for early settlement (during first year), the regular monthly profit margin will be applied on the credit card
• This offer is subject to Personal Finance and Credit Card Terms and Conditions and product policy
• SAIB reserves the right to amend / stop campaign offer (discount) at any point of time without prior notice. Such amendment/stopping will apply to new customers only who avail the offer post changes if any. However, all customers who have already availed the offer will not be impacted.
• The Bank, at its sole discretion, reserves the right to prevent any individual from benefiting from the offer in case he/she violates the terms and conditions, or attempts to tamper with the instructions and mechanism of benefiting from the offer, or if he/she makes any other offensive behavior
• These terms and conditions are subject to the Kingdom of Saudi Arabia’s laws and regulations