Exclusively with Al Rajhi Murabaha Credit Cards…
Get iPhone XS or iPhone XR starting from SAR 146 per month
Al Rajhi Bank is introducing a unique and delightful experience with ultimate convenience for Al Rajhi Murabaha Credit Cardholders by offering an opportunity to own an iPhone with a flexibility of repayment over 24 months.
How you can purchase an iPhone on 24- month installment with Al Rajhi Murabaha Credit Cards?
For transaction conversion into installment, Al Rajhi will reduce the profit margin of the Murabaha Credit card to this process to be 5% (= 0.20% per month for 24 months).
Estimated EMI per iPhone model*:
|iPhone XS Max 512GB
|iPhone XS Max 256GB
|iPhone XS Max 64GB
|iPhone XS 512GB
|iPhone XS 256GB
|iPhone XS 64GB
|iPhone XR 256GB
|iPhone XR 128GB
|iPhone XR 64GB
|iPhone X 256GB
|iPhone X 64GB
|iPhone 8 Plus 256GB
|iPhone 8 Plus 64GB
|iPhone 8 256GB
|iPhone 8 64GB
|iPhone 7 Plus 128GB
|iPhone 7 Plus 32GB
|iPhone 7 32GB
|iPhone 6s Plus 128GB
|iPhone 6s Plus 32GB
|iPhone 6s 128GB
|iPhone 6s 32GB
* 5% profit rate already included on the 24 months installment table. Monthly installment amount is estimated monthly payments and is subject to change based on iPhone price at participating merchants.
Period of Promotion:
From 25th November 2018 to 31st January 2019
Terms and Conditions
- This offer is only valid for Al Rajhi Murabaha Credit Cards.
- The offer is limited to participating merchant partners listed above.
- The 24 months financing plan is strictly limited to purchase transactions of iPhone 6s & above and related accessories only.
- Please ensure to have your iPhone’s IMEI number ready when you call the Al Rajhi Call center.
- After purchasing an iPhone, please call Al Rajhi Call Centre at 920003344 after 48 hours of the purchase to request the conversion of transaction into 24 months equal installment by quoting your iPhone’s IMEI number (Printed on the back side of your iPhone box).
- The bank will charge a profit of only 5% of the transaction amount upon conversion of the transaction into 24 month installment.
- If the customer does not call the bank for the transaction conversion into 24 month installment plan before statement due date, the transaction will be treated as normal POS purchase transaction.
- The maximum amount for an iPhone purchase transaction conversion into installment is SAR 7,000