Apply Now

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

Apply Now

National Day Offer - Personal Finance 

Benefits and Features

Features: Personal Finance

  1. No admin fees.
  2. APR starts from 2.38%
  3. Earn 50,000 mokafaa points when executing through alrajhi bank app or 22,000 mokafaa points on other channels on the occasion of the founding day.

Features: Refinancing

  1. No admin fees.
  2. APR starts from 5.17%
  3. Earn 50,000 mokafaa points when executing through alrajhi bank app or 22,000 mokafaa points on other channels on the occasion of the founding day.

Features: Buyout Product

  1. No admin fees.
  2. APR starts from 1.93%
  3. Earn 22,000 mokafaa points on the occasion of the founding day.

Requirement

Terms and conditions:

  1. The offer includes Saudis only for the new personal finance product.
  2. Requests that qualify for waive admin fees and other offer features must be implemented within 30 days from the date of approval of the application until 2/4/2023 as a maximum.
  3. In the event that an administrative fee is deducted from the customer, it will be returned by a maximum of 3/4/2023.
  4. New finance and Buyout Product, It is applied for some approved employers

Requirement and Eligibility 

  1. The customer should be eligible for to get one personal finance products
  2. Initiating and executing the request should be within offer period.
  3. Activate Loyalty program through Alrajhi Application.
  4. mokafaa points will be added after 15 working days of the offer.

Offer duration

  1. Offer period starts from 18th Feb until 2nd Mar 2023

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

Example: 1

Finance Amount
Maturity in Years APR  Monthly Repayment Amount
150,000 SAR 5 years  6.30 %   2,875

Example: 2

Finance Amount
Maturity in Years APR  Monthly Repayment Amount
200,000 SAR 5 years  4.37 %   3,667

Example: 3

Finance Amount
Maturity in Years APR  Monthly Repayment Amount
150,000 SAR 5 years  5.34 %  2,813

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.

Finance Amount:

The amount of, on balance sheet granted to the customer.

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 payment amount:

The installment amount the customer is obliged to pay to the bank each month until the debt is paid off

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

Login Now

Call Now

We are here for your service give us a call

8001241222
branch

Via Branches

There is always a branch nearby

Find a Branch

Request A Call Back If you have any questions or would like to learn more, We will be more than happy to assist you

Deals and Discounts

Instant access to all the best deals and discounts

View all

Deals and Discounts

Instant access to all the best deals and discounts

View all

Frequently Asked Questions:

Generally there is an admin fee of 1% of finance amount or SAR 5,000 whatever is lower
Auto Leasing Is offered under sharia structure of Ijarah muntahia bi tamleek where by at the end of lease contract after clearance of all liabilities by customers, bank will surrender its ownership of the asset to customers.
  1. Customer should be working with one of Banks approved employers.
  2. Minimum length of services should be 3 months with minimum 3 salaries credited in customers account.
  3. Minimum income requirement starts from SAR 4,000.
  4. Minimum customers age should be 21 years & maximum age at lease maturity should not be more than 65 years or retirement whatever comes first.
  5. Non Saudi Nationals should be working with employer under Nitaqat Program.
  1. Customers from both Banks approved & non approved employers can obtain auto lease facility.
  2. Minimum length of services should be 3 months with minimum 2 salaries credited in customers account.
  3. Minimum income requirement starts from SAR 2,000.
  4. Minimum customers age should be 18 years & maximum age at lease maturity should not be more than 65 years or retirement whatever comes first.
  5. Non Saudi Nationals should be working with employer under Nitaqat Program.
Nitaqat is a Saudization program introduced in 2011 by Ministry of Labor and Social Development (MSLD). Program is an initiative to create more jobs opportunities for locals in the private sector, and contribute to reaching the Nationalization targets of the National Transformation Program 2020 and Saudi Vision 2030.
  1. Minimum length of services should be 3 months with minimum 2 salaries credited in customers account.
  2. Minimum income requirement starts from SAR 2,000.
  3. Minimum customers age should be 18 years & maximum age at lease maturity should not be more than retirement age as per Ranks.
  1. Minimum length of services should be 3 months with minimum 3 salaries credited in customers account.
  2. Minimum income requirement starts from SAR 7,000.
  3. Minimum customers age should be 18 years & maximum age at lease maturity should not be more than retirement age as per Ranks.
Yes pensioners that transfer their pensions to Bank can get auto Lease facility provided.
  1. Minimum pension is SAR 1,900
  2. Minimum 3 pensions are credited in their account with Bank.
  3. Maximum age of pensioner at lease maturity is 70 years.