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.
Annual rate
Annual rate starts from 3.07%
Margin ratio
Competitive profit margin ratio
Mokafaa Points
Earn 30,000 mokafaa Points when you apply for watani finance via alrajhi bank app
Financing request
The speedy completion of all procedures for the customer’s financing request
Months tenure
Up to 60 months tenure for Saudi and Non-Saudi*.
Provided by Al Rajhi Bank
Enable the customer to benefit from the financing products and other services provided by Al Rajhi Bank
A financing amount of up to 2.5 million SAR and up to 1.5 million SAR for Non-Saudi.
Financing options for customers about to retire
Financing options for retired customers
The possibility of financing non-Saudi customers
Possibility of early repayment at any time based on the customer's request
Exemption from indebtedness in the event of death or total disability, God forbid
No guarantor is required to obtain financing
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.
How much money can you borrow?
Product Example:
| Financing Amount | Maturity In Years | APR | Monthly Installment Amount |
|---|---|---|---|
| SAR 150,000 | 5 | 6.43% | SAR 2,884 |
Personal finance calculator
Please note that this calculator only helps you calculate the approximate financing amount and does not represent the exact amount of financing and payments. For actual approval details, please contact us at 8001241222
Your Monthly Payment SAR
0*
Your Finance Amount SAR
0*
Total Amount Payable SAR
0*
APR
0*
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