Salary Transferred Customers to alrajhi bank

1. *Down payment 10%.
2. *Admin Fees 1% or 5,000 SR which is less
3. *Balloon Payment Not available
4. Term 60 Months.
5. Low Annual Percentage Rate (including insurance) starting from 17.40 %

Non-Salary Transferred Customers

1. Down payment 15%.
2. Admin Fees 1% or 5,000 SR which is less
3. *Balloon Payment Not available
4. Term 60 Months.
5. Low Annual Percentage Rate starting from 18.96%

Finance Motor Bikes Salary Transferred Customers 

1. *Down payment 0%.
2. * Zero Admin 1%
3. *Balloon Payment Not available
4. Term 36 Months.
5. Low Annual Percentage Rate (including insurance) starting from 19.66%

Example 1 : Leasing Motor Bikes Salary Transferred Customers 

Example 2 : Leasing Motor Bikes Non-Salary Transferred Customers 

Example 3 : Finance Motor Bikes Salary Transferred Customers 

How to apply

1. Please visit your nearest Al Rajhi Bank branch, or visit any dealer’s showrooms.Or call 8001241222
2. Apply online via the website
3. Al- Rajhi Bank Applications (IOS - Android)

Terms and Conditions

1. Terms and conditions are applying
2. Offer is valid until 17 March 2024

Disclosure of Interest Rates on Financing and Saving

The Annual Percentage Rate (APR):

It is the discount rate at which the present value of all payments and installments that are due from the Borrower, representing the Total Amount Payable by the Borrower, equals the present value of all payments of the Amount of Financing available to the Borrower on the date on which the Financing amount or the first payment thereof is available to the Borrower.  

Illustration:

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.

Finance Amount:

The contract stipulates the amount of financing you will receive in addition to the period of repayment of the installments, stating their value and the maturity date of these installments. The data also include the cost of obtaining funding in terms of knowing the fixed term cost rate and management fees.

Maturity In Years:

The duration of the contract agreed upon between the parties, which shall indicate the date and expiry of the contract with the parties with the terms of the contract.

Monthly repayment amount:

These payments are recognized in the contract, and the lessee is obliged to pay them on the due dates. The contract shall also include a schedule of repayment installments, in which the value of the asset's rent and the value of the right of ownership shall be shown separately, provided that the premium for any period shall not be less than the principal's rent for that period in the contract.

Residual Value:

Not available