Founding Day offer
Personal Finance Buyout

Features:

  • Ability to buyout all of your Personal Finance Obligations from other Banks and the remaining amount to be made available for you in your account.
  • *Up to 60 months’ tenure for Saudi and 36 months for Non-Saudi.
  • Competitive profit rate.
  • APR starts from 0.89 %.
  • 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.
  • Available for About to Retire Customers.
  • Available for Non-Saudi customers.
  • Early Settlement is available at any time upon customer's request.
  • Guarantor is not required to have a personal finance.
  • Finance amount up to SAR 2.5 Million.
  • First two installments to be postponed for Buyout Customers.
  • Exemption of Finance Amount in case of passing away (God Forbid) *.

*Terms & Conditions Apply


Eligibility Criteria:

  • Customer’s Age must be Min. 18 and Max. 60 years old for Saudi. Min. 23 and Max. 55 years old for Non-Saudi*.
  • Good SIMAH record.
  • Customer’s salary must be Min. 5,000 *.
  • Customer’s employer must be among the approved employers list in alrajhi bank

*Terms & Conditions Apply


Campaign Duration

From 20/02/2022 up to 24/02/2022


How to apply?

Kindly visit your nearest branch or call us at 8001241222

*Terms and conditions apply


*Al Rajhi Bank is controlled and supervised by SAMA


Example 1:

finance amount maturity in years APR monthly payment amount
150,000 5 0.89% 2,528

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