Overview
Apply now for your personal finance through Al Rajhi Mobile, and get a 50% discount on Management Fees.
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Features
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Terms & Conditions
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How to apply?
Personal Finance Features:
- Competitive Profit Rates.
- Flexible repayment period Up to 5 years.
- APR starts from 2.39% for all segments.
- Administration fees 1% or 5,000 SAR, Whichever is less. (50% Discount will be applied).
Terms and Conditions
- The offer starts from February 1 to April 31, 2021
Al Rajhi Bank is controlled and supervised by SAMA
How to apply?
- Through Al Rajhi Mobile.
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Example 1
Finance Amount Maturity In Years APR Monthly Payment Amount 55,000 SAR 5 years 2.39% 963 SAR
Example 2
Finance Amount Maturity In Years APR Monthly Payment Amount 100,000 SAR 4 years 2.49% 2,167 SAR
Example3
Finance Amount Maturity In Years APR Monthly Payment Amount 150,000 SAR 3 years 2.65% 4,292 SAR
*APR may change based on the change in the financing amount and due date.
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