Live it… Watani
Watani Installments Program
Live the Watani Experience, and live your life as you see fit. Fulfilling your personal and family needs is important to you, whether refurnishing your home, getting household appliances, buying a new car that suits you, planning to start a family, or even investing money to build your future.
The Watani Installment Program offers you flexible solutions that will help you meet those needs within 30 minutes. Live the Watani Experience and let us help you fulfill your needs.
"Because you care..We care"
Benefits
• Get your loan approved in just 30 minutes
• Top up your loan with a simple grace period whether you are Saudi or a resident
• Payment period up to 5 years
• Competitive margin profit
• No guarantor needed
• A loan up to 16 times your salary
Eligibility
• Required age for Saudis is 18 to 60 years, and residents from 21 to 60
• Must be employed with an organization recognized by Al Rajhi Bank (if not approved, please visit the nearest branch and find out how we can help)
• Service with employer should be no less than 3 months for Saudis in the government sector
• Service with employer should be no less than 1 year in the private sector
• For Saudis who work in government sector, semi-government and joint stock companies: Minimum monthly income of SAR 2000
• For Saudis who work in private sector Minimum monthly income of SAR 4000
• For Expats with end of year benefits: Minimum monthly income of SAR 2000
• For expats without end of year benefits: Minimum monthly income of SAR 7,500 (Only available for the following jobs: Teacher, doctor, engineer, manager, nurse)
Requirements
• A copy of ID or Iqama (copy of passport for residents)
• A copy of your salary transfer form sent by employer or sponsor to the bank
• Open an investment account with the bank (for residents)
How to Apply
• Visit the nearest branch or dial our toll-free number 800 124 1222 and our representatives will help and guide you through the process
• Apply through Al Mubasher, our website, at www.alrajhibank.com.sa