Features:

• The possibility of transferring your existing financing to the bank from other banks and financial institution with the continuity of the profit subsidy
• No down payment is required.
• 2 month grace period offered to customers.
• 100% financing of the outstanding amount.
• Offered to Salary Transfer and Non-Salary Transfer customers.
• Attractive profit rate with fixed installment over the financing tenor.
• Flexible repayment period Up to 25 years.
• Covering all areas across the kingdom.
• APR starts from 2.70%.
• Possibility of benefiting from flexible installment structure.
• Completing your finance request in a timely manner.
• Allowing customers to benefit from all financing products and other services provided by alrajhi bank.
• Available for Retirees.
• Early Settlement is available at any time upon customer's request.
• Guarantor is not required to have a Home finance loan.
• Exemption of Finance Amount in case of passing away (God Forbid).*

*Terms & Conditions Apply

How to apply?

• Please visit your nearest Al Rajhi Bank branch.
• Call us at 8001241222.

Finance Calculator

*Al Rajhi Bank is controlled and supervised by SAMA

Example 1:

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