SNB Personal Finance is conventional and interest-bearing — distinct from Al Rajhi Murabaha. Underwriters want 3 months of clean SAMA-compliant statements before the rate quote.
Convert your SNB statementSNB Personal Finance is a conventional, interest-bearing product. That puts it on a different track from Al Rajhi's Murabaha-based personal finance even though both follow the same SAMA regulatory floor. The underwriter is not looking at a cost-of-goods structure; they are looking at a clean income picture, a stable balance, and a debt-burden ratio under 50% of net salary per SAMA cap.
Three months of SNB statements is the standard ask. Six months for higher-value applications or for SNB First (the premium tier), where the rate quote depends on average balance, salary multiple, and existing SNB product holdings. The faster the underwriter can read your statement, the faster the rate comes back — which is the whole point of converting to Excel before you submit.
SNB underwriters look at four columns: Date, Description ("Salary" for WPS credits, "تحويل سريع" for Sarie inbound), Credit, and the running Balance. They want to see (a) consistent monthly salary credits in the same window each month, (b) no returned-cheque or insufficient-funds events, (c) no large unexplained inbound transfers, and (d) a stable or growing average balance over the 3 months.
Conventional SNB clients sometimes have an existing SNB Personal Finance line whose installment debit ("قسط تمويل") appears on each statement. The underwriter nets this against your income to compute the debt-burden ratio. Existing Mada POS spending is not deducted but very high discretionary spending can affect the qualifying salary multiplier on SNB First tier.
The export gives you the same view the underwriter will see, before submission — so you catch issues while you can still explain them.
SNB statements are dual-language PDF documents. The column layout is: Date (DD/MM/YYYY), Value Date, Transaction Description (bilingual), Debit, Credit, Balance. Running balance appears on the right margin. Post-merger statements from legacy NCB accounts may show legacy NCB header branding alongside the SNB logo.
| Label | Meaning |
|---|---|
| حوالة سريعة | Sarie instant domestic transfer |
| POS-MADA- | Point-of-sale Mada debit transaction |
| راتب | WPS salary credit |
| سداد قرض | Conventional loan repayment |
| حوالة دولية | Outbound international SWIFT wire |
Saudi banks (Al Rajhi, SNB) require 3 months of SAMA-compliant statements; WPS salary entries are weighted heavily in personal loan scoring.
Pull 3 months of SNB statements
Open AlAhli Mobile, go to Statements, and download 3 consecutive monthly PDFs (or one combined 3-month PDF). For SNB First applications above SAR 500K total exposure, the bank may ask for 6 months.
Convert and review before submission
Drop the PDFs into Kashfbank. The merged Excel shows all 3 months in one chronological sheet. Scroll for salary consistency on similar dates, no NSF events, and a stable trend in the balance column.
Compute your debt-burden ratio
Sum all existing monthly loan installment debits (any "قسط تمويل" or "سداد قرض" rows). Divide by your net monthly salary credit. If this exceeds 50% of net, SAMA rules cap your new SNB borrowing. The export gives you both numbers in one filter.
Submit alongside the original SNB PDFs
SNB underwriters always require the original bank-issued PDF — not just the Excel. Submit both. The Excel speeds the manual review; the PDF is the regulatory record. Keep both for at least the loan term.
Common challenges
Is SNB Personal Finance Sharia-compliant?
SNB's standard Personal Finance product is conventional and interest-bearing. SNB also offers Sharia-compliant Murabaha-based financing through its Islamic banking window for clients who request it explicitly. Confirm which product you are applying for before submitting statements.
What is SNB First and does it change the statement requirement?
SNB First is the premium-tier banking package for higher-income clients. The 3-month statement requirement is the same, but the underwriter weights the average balance and salary multiple more aggressively to offer a preferential rate. A clean Excel export showing strong balance trend is the fastest way to qualify for the better tier rate.
I have an existing SNB Personal Finance installment. Will SNB approve a top-up?
Possibly. SNB will compute your current debt-burden ratio from your existing "قسط تمويل" row plus any other-bank installments visible in the statement. If the new total stays under 50% of net salary per SAMA, a top-up is usually approved. The Excel export gives you both ratios before you ask.
My salary credit description reads "WPS" not "Salary" — is that a problem?
No. SNB labels WPS credits variously as "Salary", "راتب", or "WPS" depending on the employer's payroll setup. All three are valid WPS entries and the underwriter treats them identically. The export preserves the original label.
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Regulator: Saudi Central Bank (SAMA)
Fiscal year: Hijri fiscal year (government); Gregorian Jan–Dec (most private sector)
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