Watani for Residents
Now available for expatriates residents in the Kingdom, Watani is a flexible loan program that helps you meet your financial needs while being fully Sharia compliant. Within 30 minutes, Al Rajhi's Watani application process can help with whatever your need may be. Whether you want to redecorate or refurbish your home, get help towards your children's education, wedding expenses, buying appliances, or anything else, the Watani program can help you achieve your goals in just a few simple steps.
Features and Benefits
- Get your loan approved within 30 minutes
- Competitive rates and profit margins
- Repayment period of up to 5 years
- No guarantor required
Eligibility
- Must be employed by an Al Rajhi Bank approved company (If not yet approved, please contact your nearest branch)
- For residents with end of year benefits: Minimum monthly income of SR 2,000
- For residents without end of year benefits: Minimum monthly income of SR 7,500 (Only available for the following jobs: Teacher, doctor, engineer, manager, nurse)
- Required age for residents from 21 to 60
- A copy of Iqama and copy of passport are required
- A copy of your salary transfer form must be sent by employer or sponsor to the bank
- An investment account with the bank needs to be opened
How to Apply
You can reach us in the following way:
-
Telephone: Toll Free 800 124 1222
-
Branch: Visit any one of our branches
-
-
Website: Apply using Internt Banking "Al Mubashar ( bank customers)
Click here to download the Watani Top Up application form