Buyout Offer

Features:

  • Up to 60 months tenure.
  • Admin fees to be refunded back to Customers’ Credit Card or Pre-Paid Card.* 
  • Competitive profit rate.
  • APR starts from 1.43%.
  • Completing your finance request in a timely manner.
  • Allowing customers to benefit from all financing products and other services provided by ARB.
  • Available for Retirees.
  • Early Settlement is available at any time upon customer's request.
  • Guarantor is not required to have a personal finance.
  • No maximum finance amount. Customer eligibility depends on their monthly income.
  • First two installments to be postponed for Buyout Customers.
  • Exemption of Finance Amount in case of passing away (God Forbid)*.
  • Term and Conditions Apply

Terms and Conditions for Refunding Admin fees:

  • Finance Management fee Waiver is subject to the condition that the customer must have one of ARB (Credit / Charge / Prepaid) Visa Cards.
  • Finance Management fee Waiver Cash Back will be credited to the card’s account within 10 working days subject for the customer having ARB card issued & activated.
  • Cashback will be given to active and non-delinquent cards.
  • Customer would need to ensure having an active card before 30 October 2021 in order to obtain the refund.
  • It is allowed to issue the credit card after executing the finance product in order to complete the process of refunding the Management fee, as long as it is before October 30, 2021.
  • Term and Conditions of Al Rajhi Cards Apply

How to apply?

Period of Promotion:

The offer is valid from 1st to 30th of October, 2021.


Example 1:

Finance Amount Maturity In Years APR Monthly Payment Amount
200,000 SAR 5 Years 1.43% SAR 3,415

Example 2:

Finance Amount Maturity In Years APR Monthly Payment Amount
150,000 SAR 5 Years 1.43% SAR 2,561

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.

Al Rajhi Bank is controlled and supervised by SAMA.

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.

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.

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.