FAQs for Personal Finance

• Is the finance rate fixed?
• How is the Personal Finance Program Shari’a compliant?
• Can I choose the period of finance?
• Is it necessary that my employing company be approved?
• If my employing company is not approved, will I still be able to take a Personal Finance?
• How do I get my company approved with Al Rajhi Bank?
• Do I need to transfer my salary to my account with you?
• Can I get the Personal Finance approved within 30 minutes?

Is the finance rate fixed?

Yes, it is fixed.

How is the Personal Finance Program Shari’a compliant?

Personal Finance is based on the concept of buying Shariah complaint local shares and sells them to you at profit. Then, immediately afterward, you can choose to sell the shares and collect the cash in your account.

Can I choose the period of finance?

Yes, you can choose the period that suits you, from one to five-years.

Is it necessary that my employing company be approved?

Yes.

If my employing company is not approved, will I still be able to take a Personal Finance?

You need to provide us with your company’s name and contact details, and we’ll contact the company to make further inquiries.

How do I get my company approved with Al Rajhi Bank?

Just call the bank’s toll-free number and request approval for your company or visit your nearest branch for more information.

Do I need to transfer my salary to my account with you?

Yes, your salary transfer to your account with us is mandatory.

Can I get the Personal Finance approved within 30 minutes?

Yes, your will receive your finance within 30 minutes if you have you salary transferred to your account with us. If not, open an account with us and transfer your salary to this account. And after your salary is deposited for the first time in your account with us, apply to get your finance within 30 minutes.