Eligibility requirements for BSF salary financing
☑️ Minimum salary of SAR 3,500 for Saudis and SAR 5,000 for non-Saudis
☑️ Active employment status
☑️ Current account with Banque Saudi Fransi
☑️ Salary assignment agreement with BSF
☑️ Within eligible age range set by the bank
Required documents to apply
📄 Salary certificate from employer
📄 Salary assignment letter
📄 Recent bank statement
📄 Original ID
📄 Active BSF current account
Approval depends on meeting the eligibility requirements. Additional documentation may be requested by the bank.
How to apply for BSF salary financing
Applications for BSF salary financing can be submitted through BSF branches or online via the official website and FransiMobile app. After opening a current account with the bank, you must complete the digital application form, providing employment, income, and identity details.
Attach the required documents to initiate the approval process. Creditworthiness, salary stability, and documentation accuracy are considered during evaluation. If declined, you can reapply at a later time after adjusting any eligibility gaps.
How to pay monthly installments
Installments for BSF salary financing can be paid through BSF’s digital services like FransiMobile or FransiPlus. You can also set up auto-debit to ensure payments are made on time.
For those who prefer in-person banking, physical branches accept direct payments. Aligning your due date with your salary deposit is recommended for better control.
Rates and costs
BSF salary financing includes an administrative fee of 1% of the loan amount or SAR 5,000, whichever is lower. The APR depends on the loan amount, term, and applicant’s credit profile. For example, a SAR 150,000 loan over 60 months may have monthly payments of SAR 2,715 with an APR of 3.96%.
Shorter terms generally come with higher APRs, going up to 6.50% for a 12-month repayment. Early settlement is allowed, with a fee equivalent to the profit of the next three installments. All rates are subject to change and reflect the bank’s internal assessment.
A smart tip for your wallet
If you’re planning to use BSF salary financing for long-term goals, consider rounding up your monthly payments. This simple practice helps reduce interest over time and shortens your loan term without requiring large lump sums.
Also, take advantage of your employer’s salary calendar—aligning your installment due date with your pay cycle can avoid late charges and make budgeting smoother.
Take control of your finances today
Click the button below to visit the official BSF website and learn how to apply for BSF salary financing tailored to your needs.