FAQs for Additional Finance

Does Additional Finance close my existing Finance and do I get a new one with different terms?
Personal Additional Finance is an additional finance facility to what you already have with us. It does not close your existing finance and you pay your Additional Finance in parallel to your existing installments.
How can I be eligible to apply for Additional Finance?
You must have at least one existing Personal Finance to be eligible for Additional Finance.
If I already have an existing Personal Finance, when can I apply for an Additional?
There is no condition on the minimum number of installments you need to pay before applying for Additional Finance. Even if your Personal Finance is fresh you can get Additional Finance.
If I am currently repaying more than one Finance, can I get the Additional Finance?
Yes, you can get Additional Finance even if you have more than one existing finance, but one of them must be a Personal Finance. To get more information please call us at 800 124 1222.
How much can I borrow with Additional Finance?
You can easily find out with our instant online calculator. Click here to get started.
Can I choose the period of Finance?
Yes, you can choose the period that suits you, from one to five years.
How is the Additional Finance Program Shari’a compliant?
Personal Additional Finance is based on the concept of Al Rajhi Bank buying Shari’a compliant local shares and selling them to you on deferred basis at a profit. Immediately afterwards, you can decide to sell the shares and receive the cash in your account. This method is completely Shari’a compliant.

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