Personal Financing Offer

Features:

  • Zero Admin Fees*
  • Competitive Profit Rates.
  • Flexible repayment period Up to 60 Months.
  • APR starts from 1.43% .
  • 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 Apply Now Through Al Rajhi Mobile App. Download Now
  • Finance Management fee Waiver Cash Back will be credited to the card’s account within 7 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 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 02 June to 04 July, 2021


Example 1:

Finance Amount Maturity In Years APR Monthly Payment Amount
55,000 SAR 5 Years 0.96% 939 SAR

Example 2:

Finance Amount Maturity In Years APR Monthly Payment Amount
80,000 SAR 5 Years 1.43% 1,366 SAR

Example 3:

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