The Alternative Finance Hajj Financing Plan allows you perform Hajj with a flexible payment plan, helping you fulfil your desire to make this journey. This helps you achieve your Hajj plans without the burden of cash flow.  

With 50% down payment, you can make the pilgrimage to Makkah and spread the balance payment across 24 Months. 

To get started, you would require an Alternative Finance Individual Current account.

If you have one, kindly proceed to filling the required documents.

  1. The Hajj Acquisition Agreement and Financing Utilization Contract
  2. The Hajj Finance Application Form

If you do not have an account, kindly click the button below.

After reading and understanding the terms and conditions at the bottom of the page, kindly proceed by following the steps below.

  1. Download and fill the Hajj Acquisition Agreement and Financing Utilization Contract as it would be uploaded at the final stage. (Please note that the forms should be signed but not dated)
  2. Proceed to filling the Hajj Finance form .

Alternative Finance Hajj Plan Terms

  • The Alternative Hajj Plan facilitates and eases the achievement of Hajj for interested and intending Muslims.
  1. Make equal periodic payments over an agreed period. 
  2. SAF pays for your Hajj early while you continue to make your periodic payments prior to proceeding on Hajj.
  • Employees of reputable organisations as defined and approved from time to time by the Bank
  • Self-Employed individuals with proven capability to meet up with periodic payment
  • As presented by the preferred Hajj Service provider of the customer or SAF Hajj Services Partners.
  • 50% of Cost of Hajj Package must have been saved up prior to Hajj payment date.
  • 12 to 36 months
  • Pre-Payment for Hajj – Mudarabah Deposit
  • Post-Payment for Hajj – Ijarah for Services
  • Customer makes request to lease SAF Hajj Services executing a promise to lease and Security Deposit agreement prior to Hajj payment date.
  • Alternative Finance Hajj Services Application Form
  • Promise to Lease Agreement
  • Last 3 payslips or last 3 months bank statement
  • Customer gives post-dated cheques OR standing order for monthly debits for Hajj savings and lease payments.
  • 2 Clean and Recent Credit Reports
  • 1 Guarantor who must be a senior colleague at work for officers below mid management grade level or minimum of a mid-level professional for self-employed individuals (e.g. Banker, lawyer, doctor, engineer, accountant, etc.)
  • Post-Dated Cheques
  • Direct Debits instructions

Eligibility Requirements

1. Security deposit of 50% of Hajj Fare due on or before end of Ramadan
2. Maximum of 24 months starting in the month immediately after Hajj.
3. Credit life insurance put in place by the Bank to secure uncleared debt against customer in the event of death.
4. 14% (flat) per annum rental on cost of Hajj package.
5. Choice of Hajj Operator must be NAHCON licensed.
6. Cost of Hajj Package not exceeding N4million
7. Proposed financing Tenor not exceeding 24 months post-Hajj.

  • Salary domiciled with Sterling Bank/NIB
  • Employment confirmation
  • 3 Clean credit checks
  • DSCR 66.67% of monthly take-home salary
  • Minimum of 50% security deposit
  • Fully completed application form
  • Hajj services utilization contract
  • Last payslip
  • 3 months bank statement
  • Guarantor’s undated cheque – Non-Staff
  • Invoice from Hajj Operator (Addressed to Sterling Bank)