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
Al Rajhi Bank - New Personal Finance :
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.
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
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