Personal Finance Buyout

Personal Finance Buyout

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Personal Finance Buyout

If you have indebtedness in any local bank, the bank offers the possibility of requesting a maximum financing in order to repay the customer's debt with a new contract. The rest of the financing amount will be available in the customer's account after completing the procedures.

Features:

Earn 10,000 mokafaa Points when you apply for buyout 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

Possibility of financing retired customers

Possibility of financing about to retire customers

The possibility of financing non-Saudi customers

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

No guarantor is required to obtain financing

A financing amount of up to 2 million riyals *

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

Postponing the payment of the customers first two installments

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:

  1. For citizens: 4000 SAR
  2. For residents 5000 SAR
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
    SAR200,000 5 2.43 % SAR 3,738

    You can apply easily through

    Al Rajhi Bank Mobile App

    alrajhi bank app

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    You can also apply through the following channels


    Apply Now

    You can apply through alrajhi bank Online

    Call Now

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    branch

    Via Branches

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    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.

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    SAR 0*

    Your Finance Amountinfo-grey

    SAR 0*

    Total Amount Payableinfo-grey

    SAR 0*

    APRinfo-grey

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    Months

    Interested or have an inquiry?

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    * 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.


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