Requirements and eligibility criteria
To apply for personal loan Tasheel, it is necessary to observe some eligibility criteria. But know that all of them are very common across banks, with few variations that should indeed be part of your comparison base:
✔ age: between 21 and 65 years (for Saudis) or up to 60 years (for expatriates).
✔ income: monthly salary of at least 4,500 SAR.
✔ length of service: Saudis need at least 3 months in the current job; for foreign residents, the requirement is 12 months.
✔ documentation: Saudi ID or valid Iqama, as well as supporting documents that may be requested digitally during the application process.
Fees and repayment terms
Many people need flexibility to organize their finances, right? And having installment options that match different profiles and budgets is essential. Therefore, when you apply for personal loan Tasheel, you can choose terms of 24, 36, 48, or 60 months.
Regarding the cost of credit, the Annual Percentage Rate (APR) starts at 19.31% and varies according to the client’s credit profile. In addition, there is an administrative fee of 0.5% on the financed amount (limited to 5,000 SAR according to local regulation), on which 15% VAT is applied. It is a clear and straightforward cost structure, so you can apply for personal loan Tasheel without surprises during the contract.
Author’s advice
To apply for personal loan Tasheel with more peace of mind, use the calculator available on their website before signing the contract. As there is no need for a guarantor, the responsibility for planning falls entirely on you. Therefore, try to choose a term that keeps the installment within 30% of your disposable income, so as not to compromise your cost of living.
As approval is instant online, make sure all your data in the “Absher” portal and your salary information are up to date. This prevents the system from requesting additional documents and ensures that the money reaches your account within the record time of 48 hours.
How to apply for personal loan Tasheel?
The path to apply for personal loan Tasheel is fully digital and can be done from anywhere. To do so, simply access the Tasheel Finance website or app and fill out the application form with your personal and professional data, as well as the requested amounts and terms.
Want to turn your plans into reality with the agility that only an award-winning fintech offers? Click the button below to start your application on the official Tasheel website!
