Full Cashback of Admin Fees with your Personal Finance

Full Cashback of Admin Fees with your Personal Finance

Full Cashback of Admin Fees with your Personal Finance

Our new finance offer grants you a wide range of special benefits, apply now for (new Personal Finance, Buyout Finance, Refinance and Additional Finance) in order to get:

  • Full Cashback of the Personal Finance admin fees (VAT is excluded).
  • Travel Card with no issuance fees for the first year only (our system automatically issues the card to non-travel cardholders).
  • Visa credit card upon request

 

Offer Period:

Offer valid from 31 May to 31 June 2024.

* Terms and conditions apply

Terms and Conditions:

  1. Offer valid from 31 May to 30 June 2024.
  2. Customer who applied for a Personal Finance during campaign period will get the following benefits:
    • Full Cashback of admin fees, the amount will be added to the customer’s travel card 10 days after the personal finance application was executed. “VAT is excluded from the cashback amount”.
    • Travel Card with no issuance fees for the first year only (our system automatically issues the card to non-travel cardholders).
    • Silver Banking customers are entitled to obtain a Visa Credit Card with a higher tier (Visa Signature Credit Card) when requesting a credit card.
    • Gold Banking customers and Platinum Banking customers are entitled to obtain a Visa Credit Card with a higher tier (Visa Infinite Credit Card) when requesting a credit card.
  3. This offer is valid for new Personal Finance, Buyout Finance, Refinance and Additional Finance.
  4. This offer is subject to SAIB’s Personal Finance Products policies, terms and conditions.
  5. The Customer agrees to issue the Travel Card in case he/she has not previously issued it, and acknowledge and accept the Travel Card terms and conditions.
  6. This offer is subject to Customer Eligibility Conditions to apply for credit card.
  7. Customer cannot request to replace the offer or its value with any other offer or value.
  8. Funding procedures must be completed and implemented within 30 days of campaign end date.
  9. SAIB reserves the right to amend / stop the campaign offer at any point of time and such changes will be announced. These changes (amendment /stopping) will apply to new customers only who avail the offer post changes if any. However, all customers who have already availed the offer will not be impacted by the changes.
  10. SAIB reserves the right, in its sole discretion, to disqualify any individual it finds to be misconducting, tampering with the offer process, or to be acting in violation of these terms and conditions.
  11. This offer is subject to the Kingdom of Saudi Arabia’s regulations and laws

FAQs

How customers can receive the admin fees cashback if they did not have a Travel card?

Customers will automatically get a Travel Card with no issuance fees after 10 days of customer receiving the personal finance amount and they will be notified by SMS, then the customer shall print the card through SAIB’s self-service card machines at our branches.

If customers had a previous Travel card, will they receive a new or additional Travel card?

No, the admin fees cashback will be added to the customer’s current Travel card.

What is the value of the admin fees?

1% of the amount of funding capped to SAR 5,000.

Is VAT included with the cashback amount?

No, VAT is excluded from the cashback amount.

 
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