Flat Rate
3.32%
Minimum Salary
SAR 2,000 forSaudis, SAR 1900 for pensioners SAR 5000 for Residents.
Monthly Payment
Salary Transfer
Yes
Personal Loan
Al Rajhi Bank - Personal Finance Refinance
Description :
The bank provides the possibility of consolidating the customer’s obligations from the personal finance contracts with the bank in one contract by paying them through a third party. A maximum financing is implemented so that the third party contract is paid and the rest of the finance amount is available in the customer’s account. The product is also available to customers who have one personal finance.
Fees & Costs:
SAR 500
Requirements:
• The age should not be more than 60 years for employees and 70 years for retirees (when paying the last installment). .
• The employer should be among the entities approved by the bank.
• The income of the Saudi client, the employee, should not be less than 2,000 riyals, and the retired one must not be less than 1,900 riyals.
• The resident's income shall not be less than 5,000 riyals.
Documents required:
• The national identity card or residence card of the resident customer.
• Definition of salary.
• Salary fixation.
• Funding application form.
Eligibility:
• Applicant must be a Saudi National.
• Applicant has to be an employee at one of the Commercial Banks in the Kingdom of Saudi Arabia, as well as working and residing in the Kingdom.
• Applicant’s age must be between 25 and 55 years old at the time of the application for the Finance solution.
• Applicant must have a minimum employment period of 1 year with the current employer and 5 years of total employment.
Features:
• Annual rate starts from 3.32%
• Earn 6,000 mokafaa Points when you apply for refinance via alrajhi bank app
• You can get Watani financing with a maturity period of up to 60 months
• Competitive profit margin ratio
• The speedy completion of all procedures for the customer’s financing request
• Enable the customer to benefit from the financing products and other services provided by AlRajhi
• Possibility of financing retired customers
• The ability to apply for a financing and implement it directly through the application
• Possibility of early repayment at any time based on the customer's request
• No guarantor is required to obtain financing
• A financing amount of up to 5 million riyals *
• Exemption from indebtedness in the event of death or total disability, God forbid
Al Rajhi Bank - New Personal Finance
Flat Rate
starts from 3.07%
Minimum Salary
For citizens: 2000 riyals and 1900 for retirees For residents: 5000 riyals
Monthly Payment
Salary Transfer
No
Description :
Whatever your plans and needs, Al Rajhi Bank offers, through its personal finance products, multiple options that support your aspirations and facilitate obtaining your needs, whether it is renovating the house, preparing for a marriage, planning for the future and well-being of your children, or others.
Features:
Product Terms and Requirements:
Nationality:
That the customer is (citizen or resident) on the job or retired
Employer:
That the customer is an employee of one of the approved employers within the bank
Minimum Age:
18 years for citizens and 23 years for residents
Minimum Salary:
For citizens: 2000 riyals and 1900 for retirees
For residents: 5000 riyals
Customer Age:
The age should not exceed 60 years for employees and 75 years for retirees (when paying the last installment)
Required Documents:
National identity card or residency card for residents
Salary definition
Salary fixation
Financing application form
Benefits:
• Annual rate starts from 3.07%
• Earn 30,000 mokafaa Points when you apply for watani finance via alrajhi bank app
• Up to 60 months tenure for Saudi and Non-Saudi*.
• Competitive profit margin ratio
• The speedy completion of all procedures for the customer’s financing request
• Enable the customer to benefit from the financing products and other services provided by Al Rajhi Bank
• Financing options for customers about to retire
• Financing options for retired customers
• The ability to apply for a financing and implement it directly through the application
• The possibility of financing non-Saudi customers
• Possibility of early repayment at any time based on the customer's request
• A financing amount of up to 5 million riyals for Saudi and up to 1.5 million for Non-Saudi.
• Exemption from indebtedness in the event of death or total disability, God forbid
• No guarantor is required to obtain financing
Al Rajhi Bank - Sahlha program
Flat Rate
Minimum Salary
For citizens: 2000 riyals and 1900 for retirees - For residents: 5000 riyals
Monthly Payment
Salary Transfer
No
Description :
Whatever your plans and needs, Al Rajhi Bank offers Sahlha program which enables you to pay monthly installments for the services amounts provided by the approved merchants without profit rate and administrative fees.
Features:
Product Terms and Requirements:
Nationality:
That the customer is (citizen or resident) on the job or retired.
Employer:
That the customer is an employee of one of the approved employers within the bank.
Minimum Age:
18 years for citizens and 23 years for residents
Minimum Salary:
For citizens: 2000 riyals and 1900 for retirees
For residents: 5000 riyals
Customer Age:
The age should not exceed 60 years for employees and 75 years for retirees (when paying the last installment)
Required Documents:
National identity card or residency card for residents
Salary definition
Salary fixation
Financing application form
Quotation Form.
Benefits:
• Without administrative fees
• Up to 60 months tenure for Saudi and Non-Saudi*.
• The speedy completion of all procedures for the customer’s financing request.
• Enable the customer to benefit from the financing products and other services provided by Al Rajhi Bank.
• Possibility of financing retired customers.
• Possibility of financing about to retire customers.
• The possibility of financing non-Saudi customers.
• Possibility of early repayment at any time based on the customer's request.
• Ability to provide the service to another beneficiary of the customer’s choice.
• No guarantor is required to obtain financing.
• Exemption from indebtedness in the event of death or total disability, God forbid.
Al Rajhi Bank - Short Term Finance
Flat Rate
Minimum Salary
2,000 SAR
Monthly Payment
Salary Transfer
No
Description :
Whatever your plans and your needs even it is renewed your home, prepare weeding, or planning your children future, etc.
Through the finance personal products, alrajhi bank offers multi options for your needs and make it easier such as the short-term finance.
Features:
Product Terms and Requirements:
Nationality:
That the customer is a Saudi citizen
Employer:
That the customer is an employee of one of the approved employers within the bank
Minimum Salary:
For citizens: 2,000 riyals
Minimum Age:
18 years for citizens
The age should not exceed 60 years (when paying the last installment)
Required Documents:
Salary definition
Salary fixation
Benefits:
• Annual rate starts from 0%
• Up to 12 months tenure *.
• The Fast and seamless completion of all procedures for the customer’s financing request
• Enable the customer to benefit from the financing products and other services provided by Al Rajhi Bank
• The ability to apply for a financing and execute it directly through the application
• Possibility of early repayment at any time based on the customer's request
• Finance amount is up to 500,000 SAR
• Exemption of Finance Amount in case of passing away (God Forbid). *
• No guarantor is required to obtain financing
• There is an administrative fee that is calculated at the rate of 1% of the financing amount or 5,000 Saudi Riyals, whichever is lower.
Al Rajhi Bank - Personal Finance Postponing Installments
Flat Rate
starts from 15%
Minimum Salary
citizens: 2000 riyals and 1900 for retirees
Monthly Payment
Salary Transfer
No
Description :
Do you want to postpone your payments? The installment deferment product allows you to defer up to 3 installments of your personal finance, to be paid after the end of the current contract
Features:
Product Terms and Requirements:
Nationality:
That the customer is citizen on the job or retired
Employer:
That the customer is an employee of one of the approved employers within the bank
Minimum Age:
18 years for citizens
Minimum Salary:
For citizens: 2000 riyals and 1900 for retirees
Customer Age:
The age should not exceed 60 years for employees and 75 years for retirees (when paying the last installment)
Required Documents:
National identity card
Salary definition
Salary fixation.
Financing application form
Benefits:
• Annual rate starts from 15%
• Earn 6,000 mokafaa Points when you apply for watani 3 via alrajhi bank app
• Up to 60 months tenure for Saudi and 36 months for Non-Saudi*.
• Competitive profit margin ratio
• The speedy completion of all procedures for the customer’s financing request
• Enable the customer to benefit from the financing products and other services provided by AlRajhi Bank
• Possibility of financing retired customers
• The ability to apply for a financing and implement it directly through the application
• Possibility of early repayment at any time based on the customer's request
• No guarantor is required to obtain financing
• Exemption from indebtedness in the event of death or total disability, God forbid
Al Rajhi Bank - Personal Finance Top-Up
Flat Rate
starts from 3.32%
Minimum Salary
For citizens: 2000 riyals and 1900 for retirees
Monthly Payment
Salary Transfer
No
Description :
The bank grants new financing to the customer through this product without repaying the existing financing and the salary of the new customer is taken into consideration when granting
Features:
Product Terms and Requirements:
Nationality:
That the customer is citizen on the job or retired
Employer:
That the customer is an employee of one of the approved employers within the bank
Minimum Age:
18 years for citizens
Minimum Salary:
For citizens: 2000 riyals and 1900 for retirees
Customer Age:
The age should not exceed 60 years for employees and 75 years for retirees (when paying the last installment)
Required Documents:
National identity card
Salary definition
Salary fixation.
Financing application form
Benefits:
• Annual rate starts from 3.32%
• Earn 6,000 mokafaa Points when you apply for refinance via alrajhi bank app
• You can get Watani financing with a maturity period of up to 60 months
• Competitive profit margin ratio
• The speedy completion of all procedures for the customer’s financing request
• Enable the customer to benefit from the financing products and other services provided by AlRajhi Bank
• Possibility of financing retired customers
• The ability to apply for a financing and implement it directly through the application
• Possibility of early repayment at any time based on the customer's request
• No guarantor is required to obtain financing
• A financing amount of up to 5 million riyals *
• Exemption from indebtedness in the event of death or total disability, God forbid
Al Rajhi Bank - Personal Finance Buyout
Flat Rate
starts from 2.64%
Minimum Salary
For citizens: 4000 SAR - For residents 5000 SAR
Monthly Payment
Salary Transfer
No
Description :
If you have indebtedness in any local bank, the bank offers the possibility of requesting a maximum financing in order to repay the customer's debt with a new contract. The rest of the financing amount will be available in the customer's account after completing the procedures.
Features:
Product Terms and Requirements:
Nationality:
That the customer is (citizen or resident) on the job or retired
Employer:
That the customer is an employee of one of the approved employers within the bank
Minimum Age:
18 years for citizens and 23 years for residents
Minimum Salary:
For citizens: 4000 SAR
For residents 5000 SAR
Customer Age:
The age should not exceed 60 years for employees and 75 years for retirees (when paying the last installment)
Required Documents:
National identity card or residency card for residents
Salary definition
Salary fixation
Financing application form
Benefits:
• Annual rate starts from 2.64%
• Earn 30,000 mokafaa Points when you apply for buyout via alrajhi bank app
• Up to 60 months tenure for Saudi and Non-Saudi*.
• Competitive profit margin ratio
• The speedy completion of all procedures for the customer’s financing request
• Enable the customer to benefit from the financing products and other services provided by Al Rajhi Bank
• Possibility of financing retired customers
• Possibility of financing about to retire customers
• The possibility of financing non-Saudi customers
• Possibility of early repayment at any time based on the customer's request
• No guarantor is required to obtain financing
• A financing amount of up to 5 million riyals *
• Exemption from indebtedness in the event of death or total disability, God forbid
• Postponing the payment of the customers first two installments
Al Rajhi Bank - Personal finance - about to retire customers
Flat Rate
starts from 3.07%
Minimum Salary
3000 SAR
Monthly Payment
Salary Transfer
No
Description :
If you are about to retire, get your personal finance with us for up to 60 months.
Features:
Product Terms and Requirements:
Nationality:
That the customer is (citizen) on the job
Minimum Salary:
3000 riyals
Customer Age:
Civil sector: The minimum period of service is 20 years
Military sector: The minimum period of service is 17 years
GOSI: The minimum period of service is 25 years
Employer:
That the customer is an employee of one of the approved employers within the bank
Customer Age
The age should not exceed 60 years for employees and 75 years for retirees (when paying the last installment)
Required Documents:
National identity card
Salary definition
Salary fixation
Financing application form
Benefits:
• Annual rate starts from 3.07%
• You can get Watani financing with a maturity period of up to 60 months
• Competitive profit margin ratio
• The speedy completion of all procedures for the customer’s financing request
• Enable the customer to benefit from the financing products and other services provided by AlRajhi Bank
• The ability to apply for a financing and implement it directly through the application
• Possibility of early repayment at any time based on the customer's request
• No guarantor is required to obtain financing
• A financing amount of up to 2 million riyals *
• Exemption from indebtedness in the event of death or total disability, God forbid
مصرف الراجحي - تمويل الإيجار
Flat Rate
Minimum Salary
Monthly Payment
Salary Transfer
No
مصرف الراجحي - تمويل وطني إكسترا بناءً على الدخل الإضافي للعميل
Flat Rate
Minimum Salary
Monthly Payment
Salary Transfer
No