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.
Al Rajhi Bank - Sahlha program :
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.
Flat Rate
Minimum Salary
For citizens: 2000 riyals and 1900 for retirees - For residents: 5000 riyals
Monthly Payment
Salary Transfer
No
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.