best personal finance and buyout offers

 

Features: (Watani 1)

  • Up to 60 months tenure.
  • 100% admin fees waive for Digital requests.
  • Admin fees to be refunded back to customers’ Credit Card or Pre-Paid Card. *
  • Competitive profit rate.
  • APR starts from 1.43% for requests through branches.
  • APR starts from 0.96% for Digital requests.
  • 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.
  • Available for About to Retire Customers.
  • You can apply for personal Finance on Al Rajhi Mobile App.
  • 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.
  • No maximum finance amount. Customer eligibility depends on their monthly income.
  • Exemption of Finance Amount in case of passing away (God Forbid). **

    *Must have an active Credit Card before Contract Execution.

    **Terms and Conditions apply

     

     

     

    Features: (Watani 2)

    • Up to 60 months tenure.
    • 100% admin fees waive for Digital requests.
    • Admin fees to be refunded back to customers’ Credit Card or Pre-Paid Card. *
    • Competitive profit rate.
    • APR starts from 2.41% for requests through branches.
    • APR starts from 1.93% for Digital requests.
    • 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.
    • Available for About to Retire Customers.
    • You can apply for personal Finance on Al Rajhi Mobile App.
    • Available for Non-Saudi customers.
    • Early Settlement is available at any time upon customer's request.
    • Ability to Consolidate your multiple Personal Finance obligations into one.
    • Guarantor is not required to have a personal finance.
    • No maximum finance amount. Customer eligibility depends on their monthly income.
    • Exemption of Finance Amount in case of passing away (God Forbid). **

      * Must have an active Credit Card before Contract Execution.

      **Terms and Conditions apply

       

      Features: (Buyout Product)

    • 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) **

    * Must have an active Credit Card before Contract Execution.

    **Terms and Conditions apply

     

     

      Example 1:

    monthly payment amount

    APR

      maturity in years 

    finance amount 

    3,415

    1.43%

     5

    200,000

     

      Example 2:

    monthly payment amount

    APR

    maturity in years

    finance amount

    1,708

    1.43%

    5

    100,000

     

      Example 3:

    monthly payment amount

    APR

    Maturity in years

    finance amount

    2,642

    2.41%

    5

    150,000

     

    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

     

     

     


    How to apply?

    • Personal Finance: via alrajhi bank App or visit your nearest branch.
    • Buyout: via visit your nearest branch Or call the tele sales number 8001241222

       

    *Terms and conditions apply

    • The offer is valid from 16.01.2022 to 10.02.2022

    *Al Rajhi Bank is controlled and supervised by SAMA