Buyout Financing

Features :

  • Sharia Complaint
  • Competitive profit margin ratio.
  • No Management Fees
  • Completing your finance request in timely manner
  • Fixable repayment method up to 60 months
  • Allowing customers to benefit from all financing products and other services provided by Al Rajhi Bank
  • Two months’ grace period.
  • Early Settlement available at any time upon customer’s request.
  • Guarantor is not required to get a personal finance.
  • The possibility of consolidating the client’s obligations for more than one financing in one contract
  • Available for retirees.
  • Maximum Finance is up to 2.5 Million SAR
  • Exemption of finance amount in case of passing away (God forbid)

How to apply:

  • Valid until 30/06/2021
  • Visit the nearest branch
  • Call 8001241222

*Terms and Conditions Apply.

 

Example  Finance Amount  Maturity In Years APR Monthly Payment Amount
1 55,000  5 1.47% 951
2 100,000  5  1.47% 1,729
3 150,000  5 1.47% 2,594

معدل النسبة السنوي APR قد يتغير بناء على تغير مبلغ التمويل وتاريخ الاستحقاق الموضح في الجدول أعلاه وخاضع للتقييم الائتماني لكل عميل

 

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