Al-Marsad Newspaper: Abdulaziz Al-Maalawi, who is interested in financial markets and financial analysis, revealed the method of calculating the loan on the salary for citizens wishing to obtain the loan.
He said during an intervention on the “Saudi Arabia” channel that financing does not exceed 33.33% for employees on the job, in addition to the credit card, as it is incapable of personal financing.
He added: In general, the client’s obligations must not exceed 45% for people who earn less than 25,000 riyals.
He continued: In the case of financing, this percentage increases between 55 to 65%, depending on the customer’s salary and age.