How to Get a Personal Loan in Saudi Arabia 2026

Personal financing is a sum of money you receive from a licensed provider to cover personal needs such as medical expenses, education, vehicle purchase, or any other purpose. In Saudi Arabia, personal financing is regulated by the Saudi Central Bank (SAMA).

Requirements vary between providers, but basic criteria include:

Age: 21-65 years

Nationality: Saudi or resident

Monthly salary: Starting from SAR 3,500 (varies by provider)

Employment: At least 3 months with current employer

Credit history: SIMAH check required by all providers

1. **Compare profit rates**: They vary between providers (typically 15%-30% annually)

2. **Check fees**: Some charge admin fees or early repayment penalties

3. **Read the terms**: Especially salary transfer requirements

4. **Use a comparison platform**: Like Diro which compares offers from 60+ licensed providers

For a live comparison of SAMA-licensed personal finance providers — rate, minimum salary, max amount — see [our personal finance directory](/en/personal?utm_source=blog&utm_medium=internal&utm_campaign=how-to-get-personal-loan-saudi). Apply once and get offers from 33+ lenders.

• Ensure no defaults on your SIMAH record

• Reduce existing monthly obligations before applying

• Prepare bank statements for the last 3 months

• Apply through Diro to get multiple offers from one place