Marriage
Loan

It is a social financing product that targets young people to help them and encourage them to get married, which helps cover their requirements and needs through easy and fast procedures.
Product's Video - with Sign Language

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  • The financing ceiling is up to 60,000 riyals
  • Financing period up to 5 years
  • Payment method on a monthly basis
  • No administrative fees
  • Exemption in the event of death or total disability, God forbid, according to the terms of the insurance policy

  • The age of the borrower should not exceed 70 years and the sponsor 55 years.
  • The monthly income should not exceed 14,500 riyals.
  • The number of family members should not be less than two.
  • The per capita share of family income should not exceed (3000) riyals, and the per capita share is calculated by dividing the monthly income of the head of the family by the number of family members.
  • A man has the right to apply for family financing if he is married and if he is widowed or divorced, and he is required to support one or more children.
  • A woman has the right to apply for family financing if she is divorced, widowed, or the abandoned wife, and it is required that she supports one or more children.
  • The age of the abandoned wife loan applicant should not be less than (30) thirty years, and that the age of her youngest child should not be less than one year, according to the Gregorian date.
  • - Employees (customers who have income) The calculation is based on the per capita income of the head of the household.
  • Non-employees (customers who have no income) are calculated based on the number of family members.

Funding limits:
  • The value of financing available to the beneficiary is calculated based on two determinants according to the employment status.

Conditions for calculating the number of family members:
  • The son is counted if he is less than twenty-four years old, unless he is employed or married.
  • The girl is counted unless she is employed or married, regardless of her age.
  • Children of persons with disabilities are counted without regard to age if they are unmarried and not employed.

  • Customer National ID
  • A copy of the family register with the wife added
  • Copy of the marriage contract in full
  • IBAN account number certified by the commercial bank
  • Account statement for the last 3 attested by the Commercial Bank
  • Attach a copy of the death certificate of the first wife in case the marriage was for the second time due to the death of the first wife

  • Customer ID photo
  • Family record photo
  • A copy of the sponsor's ID
  • A definition of the client's pension from the General Organization for Social Insurance website
  • A definition of the sponsor’s salary, signed and stamped by the sponsor’s employer, not exceeding 60 days from the date of signature
  • A certificate of duration and wages for a participant from the General Organization for Social Insurance website, the date of its issuance does not exceed 60 days
  • IBAN account number certified by the commercial bank

  • Customer ID photo
  • Family record photo
  • The IBAN account number on the bank's official paper and certified by the commercial bank
  • Account statement for the last 3 salaries attested by the Commercial Bank
  • A certificate of duration and wages for a participant from the General Organization for Social Insurance website, the date of its issuance does not exceed 60 days (if it is subject to the social insurance system)

  • If the age group is over 60 years old and less than 65 years old, the maximum financing limit is 30 thousand riyals.
  • If the age group is over 65 years old and less than 70 years old, the maximum financing limit is 18 thousand riyals

  • National ID
  • National address
  • IBAN account number
  • Mobile registered in Absher
  • Marriage document number

Repayment begins 30 days after receiving the financing amount
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Target Audience
Citizens
Beneficiaries
1.2M
Service Fees
Free
Response Time:
24/7
Submission channels:
 
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Submission language:
Arabic
User's guide:
 Create Online Account 
 User's Guide
Service application start date
    2011  114-200.png    2022   m-icon2.png       
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Internal Strategic Engagement

Marriage loan intersects with one of the bank's strategic goals. Providing meaningful and effective social loans to serve the beneficiary segments

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International strategic link

Marriage financing intersects with the first goal of the United Nations Sustainable Development Goals. It can be viewed here

Product Features

Loan Ceiling
Up to 60k SAR

Loan Duration
Up to 5 years

Payment Method
Monthly

Administrative Fees
None

Exemption according to the insurance policy

Upon death or total disability

Customer Journey

Submit Application

Eligibility Check

Processing

Deposit

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Do you have any inquiries? 

If you have any questions regarding the Marriage Loan, please see the Frequently Asked Questions.

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