Eligibility Requirements for SAIB loan online
☑️ Saudi nationals only, aged 21 to 65 at loan maturity
☑️ Must have an active SAIB current account
☑️ Minimum salary: SAR 6,000 (public), SAR 9,000 (military), SAR 8,000 (private), SAR 5,000 (retirees)
☑️ Employment tenure: 1 month (public/military officers), 12 months (military soldiers), 3 months (private sector)
Required Documents for SAIB loan online
📄 Valid national ID
📄 Employer letter detailing salary, allowances, and hire date
📄 Official salary transfer certificate
📄 Letter of no objection and debit transfer from current lender
📄 Last three salary statements verified from previous bank
📄 Work ID indicating your job title or rank
Approval depends on meeting these conditions. Additional documentation may be requested by SAIB at its discretion.
How to apply for SAIB loan online
Start by logging into your SAIB account through the mobile banking app. Navigate to the “Loans and Investments” section and select “Personal Finance.” From there, begin a new application by filling in your personal details and uploading the required documents.
Once everything is completed, accept the terms and submit your request. If approved, and all documents are in order, the loan can be disbursed on the same day. In case of rejection, you’re encouraged to reapply at a later time after reviewing your eligibility.
How to pay your SAIB loan online installments
Monthly payments can be made via SAIB’s mobile banking platform, through direct debit or in-person at branches and ATMs. It’s recommended to align payment dates with your salary cycle to avoid late fees.
Auto-pay features can be enabled to keep you on schedule, offering convenience and reducing the risk of penalties.
Fees and costs
The administrative fee for SAIB loan online is 1% of the loan amount, capped at SAR 5,000. The Annual Percentage Rate (APR) starts at 2.49% and varies depending on your loan term and amount.
Additional charges like late payment fees may apply based on your repayment behavior and the agreement signed at the start.
A tip for your wallet
If your salary increases, consider requesting additional financing under the same agreement—this avoids opening new credit lines while expanding your loan potential.
Also, don’t forget the 50,000 WooW points offered upon disbursement; you can convert them into services that reduce your monthly financial burden, like discounts or benefits through SAIB’s reward network.
Start your SAIB loan online today
Click below to access the official SAIB portal and begin your fully Shariah-compliant loan application now!