New Personal Finance

New Personal Finance

Don’t have an alrajhi bank account? Create one now

New Personal Finance

Whatever your plans and needs, Al Rajhi Bank offers, through its personal finance products, multiple options that support your aspirations and facilitate obtaining your needs, whether it is renovating the house, preparing for a marriage, planning for the future and well-being of your children, or others.

Features:

Earn 50,000 mokafaa Points when you apply for watani finance via alrajhi bank app

ATM

You can get Watani financing with a maturity period of up to 60 months*

Competitive profit margin ratio

Land Conditions

The speedy completion of all procedures for the customer’s financing request

Enable the customer to benefit from the financing products and other services provided by Al Rajhi Bank

Financing options for customers about to retire

Financing options without salary transfer

Financing options for retired customers

The ability to apply for a financing and implement it directly through the application

The possibility of financing non-Saudi customers

Possibility of early repayment at any time based on the customer's request

A financing amount of up to 2.5 million riyals

Exemption from indebtedness in the event of death or total disability, God forbid

No guarantor is required to obtain financing

Personal Finance in cooperation with Human Resources Companies

Terms And Conditions Applied

Product Terms and Requirements:

Al Rajhi Bank

Nationality

That the customer is (citizen or resident) on the job or retired

Application Form

Employer:

That the customer is an employee of one of the approved employers within the bank

Salary Certificate

Minimum Age:

18 years for citizens and 23 years for residents

ID

Minimum Salary:

  • For citizens: 2000 riyals and 1900 for retirees
  • For residents: 5000 riyals
  • Salary Certificate

    Customer Age:

    The age should not exceed 60 years for employees and 75 years for retirees (when paying the last installment)

    Salary Certificate

    Required Documents:

  • National identity card or residency card for residents
  • Salary definition
  • Salary fixation
  • Financing application form
  • Don’t have an alrajhi bank account? Create one now

    How much money can you borrow?

     

    Product Example:

    Financing Amount Maturity In Years
    APR Monthly Installment Amount
    SAR 150,000 5 4.37%  SAR3,046

    You can apply easily through

    Al Rajhi Bank Mobile App

    alrajhi bank app

    The easier and faster way to open your account. Download Now →

    You can also apply through the following channels


    Apply Now

    You can apply through alrajhi bank Online

    Call Now

    We are here for your service give us a call

    branch

    Via Branches

    There is always a branch nearby

    Personal Finance Calculator :

    Personal Details:

    Enter Your Monthly Salary info

    Current Monthly Installments Paid info

    * Terms and Conditions : This calculator and is intended for use as a gue only. Results calculated do not constitute an offer and have no legal effect on any contracts signed between you and alrajhi bank.

    Your Monthly Paymentinfo-grey

    SAR 0*

    Your Finance Amountinfo-grey

    SAR 0*

    Total Amount Payableinfo-grey

    SAR 0*

    APRinfo-grey

    0%

    Payable Periodinfo-grey

    Months

    Interested or have an inquiry?

    We are more then Happy to help you Exceed your Goals in the Right ways.

    You Can

    The power of finance is on your side

    Back to Finance Page >

    * Terms and Conditions : This calculator and is intended for use as a gue only. Results calculated do not constitute an offer and have no legal effect on any contracts signed between you and alrajhi bank.


    deals and Discounts

    Instant access to all the best deals and discounts

    deals and Discounts

    Instant access to all the best deals and discounts

    Frequently Asked Questions:

    Car Murabaha is structured under the shariah principle of Murabaha where Al Rajhi Bank buys the car from the seller first and post-acquisition sells the car to the customer over the agreed period (cost plus profit). You own the car during and after the financing term.
    We are determined to serve you as quickly as possible. On average the whole process from your request till handover takes average of 5 working days.