Overview

Apply now for your personal finance and get a chance to enter the draw to win one of cashback gifts worth up to 2,400,000 SAR.

  • Features
  • Prizes and Drawing Mechanism
  • How to apply?

Personal Finance Features:

  • Competitive Profit Rates.
  • Flexible repayment period Up to 5 years.
  • APR starts from 2.41% for all segments.
  • Administration fees 1% or 5,000 SAR, whichever is less.

Prizes and Drawing Mechanism

  • 24 cashback gifts with the value of financing or 100,000 riyals for each winner, whichever is less.
  • All applicants are eligible to enter the draw.
  • Terms and conditions apply.

How to apply?

  • Through Alrajhi Mobile App. Apply Through App
  • The campaign starts from February 1 to April 02, 2021.

Al Rajhi Bank is controlled and supervised by SAMA.

  • Example 1

    Finance Amount Maturity In Years APR Monthly Payment Amount
    55,000 5 2.37% 962

    Example 2

    Finance Amount Maturity In Years APR Monthly Payment Amount
    100,000 5 3.17% 1,783

    Example3

    Finance Amount Maturity In Years APR Monthly Payment Amount
    150,000 4 3.27% 3,300

    *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