Payment Holiday Offer

Features:

  • Refunded Admin Fees*.
  • Flexibility to postpone up to 3 installments.
  • Flexible repayment period Up to 4 Months.
  • Exemption of finance amount in case of passing away or permanent disability.
  • Term and Conditions Apply

*Terms and Conditions:

  • Paying off 20% of outstanding balance of contract which will postpone its installments is required.
  • Finance Management fee refund is subject to the condition that the customer must have one of ARB (Credit / Charge / Prepaid) Visa Cards Apply Now Through Al Rajhi Mobile App. Download Now
  • Finance Management fee Cash Back will be credited to the card’s account within 7 working days subject for the customer having active one of ARB (Credit / Charge / Prepaid) Visa Cards and it should be non-delinquent.
  • Customer would need to ensure having an active card before 31st July 2021 in order to obtain the refund.
  • Term and Conditions of Al Rajhi Cards apply.
  • Term and Conditions Apply

How to apply?

Period of Promotion:

The offer is valid from 05 June to 15 July, 2021


Example 1:

Finance Amount Total No. of Repayment Maturity In Years APR Monthly Payment Amount
10,300 SAR 3 3 years 10.93% 4,462 SAR

Example 2:

Finance Amount Total No. of Repayment Maturity In Years APR Monthly Payment Amount
12,300 SAR 4 4 years 10.07% 4,304 SAR

Example 3:

Finance Amount Total No. of Repayment Maturity In Years APR Monthly Payment Amount
24,400 SAR 3 3 years 10.43% 10,571 SAR

*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.