SAUDI ARABIA LOAN FOR NON-RESIDENT SAUDI ARABIA LOAN FOR FOREIGNER FOR EXPATRIATE SAUDI FINANCING
In Saudi Arabia, a loan for foreigner is defined as a cash facility and agreement granted by Saudi lenders such as Saudi banks to a borrower who is not holding the local citizenship being resident or non-resident.
In Saudi Arabia, a loan for foreigners aims to give an access to the different financing schemes existing with Saudi lenders to assist foreign borrowers to cover their immediate financial needs.
In Saudi Arabia, lending to non-residents or residents in the country is also facilitated through the intervention of Saudi private investors and private lenders who use specific loan platforms.
Saudi Arabia in terms of loans for foreigners applies Islamic sharia that is implemented through Islamic finance and that doesn‘t apply interests rates (Riba) and that dedicated also for non-Muslim residents and residents.