Get Instant Loan In Saudi Arabia in 24 Hours
One company worth considering is Al Yusr Leasing and Financing Company, which provides personal financing and microfinance products to eligible residents, including expatriates. Its microfinance facility is particularly relevant for foreign workers who need a relatively small amount of money to manage family expenses, emergencies, personal needs or other financial commitments.
In this guide, we explain Al Yusr loan requirements for expats, minimum salary conditions, financing amounts, repayment periods, application procedures, and important charges you should understand before accepting an offer.
What Is Al Yusr Finance in Saudi Arabia?
Al Yusr Leasing and Financing Company is a Saudi financial company established in 2004 and part of Abdul Latif Al-Issa Holding Group. It provides different financial products to individuals and businesses in Saudi Arabia and operates under the regulatory framework of the Saudi Central Bank (SAMA).
The company offers several financing solutions, including personal financing, microfinance, vehicle financing, leasing, and other financial services.
For expatriates, the most relevant products are microfinance and personal financing through Tawarruq. These facilities can help eligible foreign residents obtain financing without necessarily having a high monthly salary.
Unlike some major Saudi banks, Al Yusr publishes a specific minimum salary requirement for expatriate applicants. This makes it an option worth investigating for foreign workers earning SAR 5,000 or more per month.
However, applicants should understand that meeting the minimum salary requirement does not guarantee approval. The company also considers employment duration, credit history, financial obligations, and other eligibility conditions.
Al Yusr Loan Requirements for Expats in Saudi Arabia
If you are a foreign worker living in Saudi Arabia and want to apply for Al Yusr personal financing, you must meet the company’s published eligibility requirements.
According to its official microfinance eligibility information, non-Saudi residents generally need to satisfy the following conditions:
| Requirements | Conditions for Expats |
|---|---|
| Nationality | Non-Saudi residents |
| Minimum monthly salary | SAR 5,000 |
| Minimum age | 22 years |
| Maximum age | 60 years |
| Government employment | Minimum 3 months |
| Private-sector employment | Minimum 6 months |
| Iqama | Valid Saudi residence permit |
| Guarantor | Not required under published general conditions |
One of the most important conditions is the minimum monthly salary. Al Yusr publishes SAR 5,000 as the minimum salary for expatriates, while the lower SAR 4,500 requirement applies to Saudi citizens.
This means that if you are a Pakistani, Indian, Bangladeshi, Filipino, or another foreign national working in Saudi Arabia with a salary of SAR 5,000, you may meet the basic salary requirement.
However, if your salary is SAR 4,000 or SAR 4,500, you may not qualify under the published expatriate microfinance conditions. You should contact the company directly to ask whether any alternative product or updated eligibility category is available.
Another important condition concerns your employment period. Government-sector employees generally need at least three months of service, whereas private-sector employees generally need six months. Therefore, a newly employed expatriate may need to wait until completing the required employment period before applying.
How Much Loan Can an Expat Get from Al Yusr?
Al Yusr provides different financing products, and the amount you can receive depends on the product you select and your eligibility.
The company’s microfinance facility is particularly interesting for expatriates who need smaller amounts of money.
Its published microfinance offering includes:
| Financing Details | Published Conditions |
|---|---|
| Minimum financing | SAR 2,000 |
| Maximum financing | SAR 50,000 |
| Repayment period | Up to 3 years |
| Minimum salary for expats | SAR 5,000 |
| Guarantor | Not required under general conditions |
For example, an expatriate earning SAR 5,000 monthly may consider applying for SAR 10,000, SAR 15,000, or SAR 20,000, depending on the company’s assessment.
Al Yusr also offers a personal financing product based on Tawarruq, with advertised financing of up to SAR 500,000 and repayment periods of up to five years. However, these maximum figures should not be interpreted as guaranteed limits for low-salary expatriates.
Your approved financing amount will depend on your salary, existing financial obligations, employer, credit record, and the company’s assessment.
Therefore, before applying, decide how much money you actually need instead of requesting the maximum available amount.
Documents Required for Al Yusr Loan Application
Al Yusr’s published general microfinance document requirements include:
1. Valid Iqama
Your Saudi residence permit must be valid. The company needs your residency information to verify your identity and eligibility.
2. Salary Certificate
Obtain an official salary certificate from your employer. It should clearly mention your monthly salary and employment details.
3. Three-Month Bank Statement
You may need to provide your latest three months of bank statements showing your salary deposits and financial transactions.
4. Employment Information
You should provide accurate information about your employer, job position, and employment duration.
5. Registered Mobile Number
Keep your active Saudi mobile number available because the company may use it for verification, application updates, and communication.
Additional documents may be requested depending on your employment category and individual application.
Make sure that your salary certificate and bank statement contain accurate information. Differences between your declared salary and actual bank deposits may affect the assessment.
How to Apply for an Al Yusr Loan Online in Saudi Arabia
One advantage of modern financing services is that customers can begin the application process online rather than visiting a branch immediately.
If you want to apply for Al Yusr microfinance as an expatriate, follow these steps:
Step 1: Visit the Official Al Yusr Website
First, open the official website at https://alyusr.com.sa/en/.
Visit the personal financing or microfinance section and review the latest eligibility requirements. Make sure you select the correct product because the requirements for microfinance and personal financing may differ.
Step 2: Select Your Financing Product
Choose the financing facility that matches your needs. If you need a relatively small amount, microfinance may be worth considering. For larger amounts, consider the personal financing product.
Step 3: Enter Your Personal Information
Provide your full name, Iqama details, mobile number, employment information and monthly salary. Please ensure that all information matches your official documents.
Step 4: Submit Your Required Documents
Upload your valid Iqama, salary certificate, and latest three-month bank statement, along with any additional documents requested by the company.
Step 5: Wait for Eligibility Assessment
After submitting your application, Al Yusr will assess your information, employment details, and creditworthiness. Meeting the minimum salary requirement does not mean automatic approval.
Step 6: Review Your Financing Offer
If your application is approved, carefully review the financing amount, monthly installment, repayment period, APR, administrative charges and total repayment amount.
Step 7: Accept the Agreement
Only accept the financing agreement if you understand all its conditions and can comfortably afford the monthly installments. After completing the required formalities, the company will process the financing according to the agreed terms.
The exact application channels and procedures may change, so follow the instructions provided through Al Yusr’s official website.
Is Al Yusr Financing Really Interest-Free?
Many expatriates search for interest-free loans in Saudi Arabia because they want to avoid conventional interest payments. Al Yusr offers Sharia-compliant financing products, including Islamic financing structures such as Tawarruq and Murabaha.
However, it is important to understand that Islamic financing does not automatically mean zero-profit financing.
Under these arrangements, a finance company may charge an agreed profit rather than conventional interest. The customer must repay the agreed financing amount and profit according to the contract.
Al Yusr publishes illustrative APR figures for its microfinance product. For example:
| Financing Amount | Illustrative APR | Monthly Installment |
|---|---|---|
| SAR 10,000 | 31.73% | SAR 958 |
| SAR 25,000 | 29.89% | SAR 1,007 |
| SAR 50,000 | 28.05% | SAR 1,458 |
These are published illustrative figures, not guaranteed personalized offers. Actual pricing and installments depend on the approved financing arrangement and repayment period.
The company also publishes an administrative fee of 0.5% of the financing amount or SAR 2,500, whichever is lower, excluding VAT.
Therefore, if your main objective is to obtain a completely interest-free and zero-profit loan, you should not assume that Al Yusr’s standard financing products meet that requirement.
Always request a written breakdown of the total amount payable before signing.
How to Contact Al Yusr Finance in Saudi Arabia?
If you are earning SAR 5,000 monthly and want to confirm whether you qualify, it is advisable to contact the company directly.
Company: Al Yusr Leasing and Financing Company
Customer Service: 800 116 0711
Official Website: https://alyusr.com.sa/en/
You can ask the customer service team whether your employer is eligible, whether your salary qualifies, what financing amount you can receive, and whether salary transfer is required.
Also ask for the current APR and total repayment amount for your preferred financing amount.
Is Al Yusr a Good Financing Option for Low-Salary Expats?
Al Yusr can be an option worth comparing for expatriates earning SAR 5,000 or more, particularly those looking for relatively small personal financing.
Its microfinance product advertises financing starting at SAR 2,000 and going up to SAR 50,000, with a published repayment period of up to three years.
However, the published financing costs are important to consider. A low monthly installment does not necessarily mean that the financing is affordable. Always calculate the total repayment and compare it with your monthly income and existing expenses.
If you earn SAR 4,000 or SAR 4,500, you should also investigate other licensed banks and financing companies because Al Yusr’s published minimum salary for expatriate microfinance applicants is SAR 5,000.
Can an expatriate get an Al Yusr loan in Saudi Arabia?
Yes. Al Yusr offers financing products for eligible non-Saudi residents, subject to salary, employment, age, and credit requirements.
What is the minimum salary for Al Yusr financing for expats?
The published minimum monthly salary for expatriates under its microfinance product is SAR 5,000.
Can I get an Al Yusr loan with a SAR 4,000 salary?
The published expatriate microfinance requirement is SAR 5,000. Therefore, an applicant earning SAR 4,000 may not qualify under these conditions.
Does Al Yusr require a guarantor?
Its published general microfinance conditions state that a guarantor is not required. However, applicants should confirm the conditions applicable to their particular offer.
How much financing can I get from Al Yusr?
Its microfinance product advertises financing from SAR 2,000 to SAR 50,000. Approval depends on your individual eligibility.
Is Al Yusr financing interest-free?
Al Yusr offers Sharia-compliant financing, but its standard products include financing profit and charges. They should not automatically be considered zero-interest or zero-profit loans.
Can private-sector employees apply?
Yes, eligible private-sector expatriates can apply if they meet the published employment-duration and other requirements. The general published minimum service period is six months
Al Yusr Leasing and Financing Company is one of the financing providers expatriates can consider when looking for personal financing in Saudi Arabia. Its microfinance facility may be particularly useful for eligible foreign workers earning SAR 5,000 or more monthly.
Before applying, check the latest requirements, prepare your Iqama, salary certificate, and bank statement, and compare the actual financing costs.
Most importantly, remember that an approved financing amount is not free money. Make sure that you can comfortably manage the installments without creating additional financial difficulties for yourself or your family.
Disclaimer: This article is for general information only. Financing conditions, rates, fees, and eligibility requirements may change. Always verify the latest information directly with Al Yusr and review the financing agreement before accepting any offer.
