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
Al Rajhi Bank - Personal Finance Postponing Installments :
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
Flat Rate
starts from 15%
Minimum Salary
citizens: 2000 riyals and 1900 for retirees
Monthly Payment
Salary Transfer
No
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