Furniture and Home Supplies
Exclusive Mokafaa Mortgage Basket Gift!

As a token of our appreciation, we are excited to offer Mortgage customers exclusive discounts of up to 30% from our select Mokafaa Loyalty program partners, designed specifically for your needs to help you furnish your new houses. Mokafaa Mortgage Basket discounts are exclusive to Al Rajhi bank mortgage customers only.


Simply follow the steps below to avail your gift:

  1. Log into Mokafaa Portal
  2. Navigate to my E-Vouchers page
  3. Find Vouchers with “Mortgage Gift”
  4. Use your Mortgage Gift voucher at the partner outlet.


  • The applicant must Saudi National
  • Salary transfer and non-salary are both acceptable
  • The applicant must be employed by one of the approved employers by the bank or retired



How To Apply for mortgage:

Through al rajhi bank app



Asset Type

Finance Amount

Maturity In Years


Monthly Repayment Amount

Residual Value






















Disclosure of APR on Financing and Saving

The Annual Percentage Rate (APR)

It is the discount rate at which the present value of all payments and instalments 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. This is defined as per Article 81 of Implementing Regulations of the Finance Companies Control Law. In simple terms, APR is computed by adding all the upfront fees, charges and commissions charged from the customers and calculated on an annualized basis. The APR must be calculated and expressed in percentage points with a minimum of two basis points, rounding half basis points to the nearest full basis points.


Property Value

Loan to Value Ratio

Fixed or Variable Rate **


Maturity in Years

Payment Type ***

Monthly Repayment Amount

Early Payment Charges





30 years

Principle and Interest / profit


Profit of future 3 installments

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


Loan/Finance Amount:

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

Maturity in Years:

The contractual maturity of the on-balance sheet Loans/ Financing Products given to the customer. This is the final payment date of a Loan/Finance products at which point the principal (and all remaining interest/profit) is due to be paid.

Monthly Payment Amount:

Instalment amount the customer is obliged to pay to the bank or finance company each month until the debt is fully repaid.

Property Market Value:

Price negotiated between a willing buyer and a willing seller in an arm’s length transaction after fulfilling valuation criteria set by the banks. The value may not be the current listing price or the amount of the most recent offer on the property.

Loan to Value Ratio:

Ratio of a loan provided by the Bank or Finance Company to the value of property purchased and determined as property market value.

Payment type"

Interest only payment or, both principle and interest payment or else.

Early Payment Charge:

A fee customer will be required to pay to a lender if the customer pays off a mortgage early and before the scheduled maturity term of the credit facility, also sometimes referred to as a Redemption Penalty.