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
Al Rajhi Bank - Short Term Finance :
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.
Flat Rate
Minimum Salary
2,000 SAR
Monthly Payment
Salary Transfer
No
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.