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 Deferring Finance Installments

 Deferring Finance Installments

23-02-2026


Have your expenses increased, and you are looking to postpone your installments? 


Bank Albilad offers financing installment payment program through Top-up personal finance, allowing you to defer up to 3 installments of your existing commitments, this includes personal financing, auto lease, and real estate financing.


​What are the key features of Bank Albilad Deferring Finance Installments through Top-up financing?

  • Sharia-compliant financing services.
  • Ability to defer up to 3 monthly installments from current financing.
  • Early settlement is available.
  • Flexible installment plans tailored the customers income.
  • Waive the outstanding on case of death or total disability god forbidden
  • Enables customers to access additional financing products and services offered by Bank Albilad.

Terms and Conditions 

  • Customer must be 18 years or older
  • Open current account with Bank Albilad 
  • Customer must be an employee of a public or private sector approved by Bank Albilad or up to 70 years old for retirees.
  • The number of deferred installments is limited to a maximum of 3 installments per year of the financing term.
  • Deferral is available only after the first 3 installments of the financing to be deferred have been paid.
  • Monthly net income should not be below 
    • 3000 for Saudi 
    • ​3500 for non-Saudi 

​FQA


Is there any management fee?

Management fees is 0.50% of the Financing Amount with Cap. of  2,500​


What is the maximum number of installments that can be deferred?

The customer can choose the number of installments they wish to defer, with maximum of 3 installments per year.

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Can supported real estate financing installments be deferred?

NO, only unsupported real estate financing installments can be deferred.


Is the deferment request required during the application process or after approval?

The deferment request can be made after approval and at any time, However the customer can also benefit from the deferment feature during the application process and take advantage of the benefits of personal financing with Bank Albilad.


How is the profit margin calculated?

Profit is calculated using a declining balance method, whereby the annual profit is allocated into monthly installments based on the finance amount and on the value of the remaining principal balance.​

Finance Amount(Deferred Installments)

6708.27

Total profit margin

1795.47

APR

(APR) 7%​

Finance duration

58 months

Total finance cost

8503.74

Monthly installment

147

APR may differ depending on the amount, maturity period and credit scoring of the customer

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Rish Disclaimer

  • In the event that shares were not deposited at the time of signing the contract or was delayed due to circumstances beyond the control of the first party or the Al-Bilad Investment Company, then the First Party or Al-Bilad Investment Company does not bear any responsibility as a result of that delay, especially what is related to the decline in the share price or any technical failures outside First party will.

  • In the event the customer delays executing the commodity request within the specified period, the commodity shall be sold based on the customers authorization. in case the customer request to collect the commodity, they shall bear all costs related to shipping, storage, insurance, and any other associated or fees.

  • If it appears that the customer has provided incorrect or forged information or data, the bank has the right to cancel the contract and return to the customer with all the damages incurred by the bank.

  • Throughout the term of the financing contract, and until the bank has met the full price of the sale subject of the financing contract, the customer is obligated to transfer his monthly salary to the current account / country account opened with the bank and to provide evidence of a currency entity’s commitment to transfer his salary to the bank. 

  • It is important for the customer to make sure to pay the dues on time, as the customer's credit record is adversely affected in the event of default or late payment.

  • In the event of change in the customers financial circumstances such as a salary reduction or early retirement, the financing will be rescheduled in accordance with the approved policies, provided that the required documents are submitted to the bank through the approved channels.



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All Rights Reserved © 2026 Bank Albilad is a Saudi joint stock company, with National Unified No. 7001473102, Head Office: Al Mutamarat 8229, Building No 2, RIYADH 3952 - 12711, KSA. Under monitoring and supervision of Saudi Central Bank and licensed by Royal decree 48/M on 1425/9/21H (4/11/2004 G).


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