Tasheel Personal Finance
Personal financing up to SAR 250,000, Shariah-compliant, without a guarantor or salary transfer, and with fast approval for Saudis and residents.
Tasheel Personal Finance offers a fast and paperless way to obtain between SAR 10,000 and SAR 250,000 in the Kingdom of Saudi Arabia. Applications are processed online, and no guarantor is needed. Salary transfer is not mandatory, making it a flexible choice for both Saudi nationals and residents. The financing is also Shariah-compliant, ensuring peace of mind for those looking for ethical borrowing options.
The specific interest rate is not published publicly on Tasheel’s material, but the loan term can go up to 60 months (5 years). Approval is quick, and eligible applicants include both employees and pensioners between ages 21 and 65, with a minimum monthly salary of SAR 4,500. The process is streamlined and typically takes just minutes to start and up to 48 hours for funding to arrive in your account.
How to Apply: Step by Step
Fill out the application online, which takes roughly 10 minutes. Next, review and accept your finance offer and sign the contract online the same day. Finally, you’ll receive funds directly in your Saudi bank account within 48 hours of approval. Supporting documents can be submitted digitally.
Key Advantages
Tasheel stands out for requiring no salary transfer and no guarantor, making it inclusive for expatriates as well as Saudi citizens. The instant decision and clearly defined terms offer peace of mind. In addition, the fully digital process means no need to visit a branch or handle paperwork.
Potential Limitations
The interest rate is not transparent before applying, which may leave some applicants with uncertainty until their approval. Also, expatriate applicants must have 12 months of employment history to qualify, versus only 3 months for Saudis, which may be restrictive for those new on the job market or in the country.
Final Verdict
Tasheel Personal Finance is among the top choices in Saudi Arabia for anyone seeking quick, reliable, and Shariah-compliant personal finance without a guarantor or salary transfer. The simple process and lack of paperwork add to its user-friendliness, despite minor drawbacks in transparency for some conditions.
