Non Salary Transfer Personal Finance for Doctors and Bankers

Al Rajhi bank is proud to offer for the first time a Non Salary Transfer Personal Finance solution exclusively for our doctors and bankers segments.

If you are a banker or a doctor meeting our criteria, this finance is designed to meet all your financial requirements with the added feature of no salary transfer required. Applying for a Personal Finance has never been easier! Just visit any Al Rajhi Bank branch to find out more, and complete your application.

Also, if you wish to get a direct response, please fill this easy online form and our representatives will get back to you.

The Non Salary Transfer Personal Finance is for Saudi nationals only working as Bankers or Doctors.

  • Criteria for Bank Employees:

    Financial illustration as an example only, for your information:

    Finance Amount SAR 50,000
    Term Cost 8.15%**
    Tenure 60 months
    Monthly Installment SAR 1,010
    Management Fee SAR 500
    Tadawul Transfer Fee SAR 70
    Tadawul Purchase Fee (0.0012) SAR 60
    Annual Percentage Rate (APR) 8.72%**
      Apply

    Features

    • Finance period of up to 60 months (minimum 12 months)
    • Maximum finance amount up to SAR 500,000 (minimum SAR 50,000, subject to maximum debt burden of 33.33% of salary, including all finance obligations)

    Eligibility Criteria

    • Saudi National
    • Applicant has to be an employee at one of the Commercial Banks in the Kingdom of Saudi Arabia, working and residing in the Kingdom
    • Minimum monthly salary of SAR 20,000
    • Minimum age 25 years, with maximum age 55 years at the time of applying for the finance
    • Minimum employment period of 1 year in the current employment, with total employment period of at least 5 years
    • The installment repayment is to be via Standing Instruction Letter issued from the Bank where the customer’s salary is credited to the Current Account held at Al Rajhi Bank
  • Criteria for Doctors:

    Financial illustration as an example only, for your information:

    Finance Amount SAR 50,000
    Term Cost 8.15%**
    Tenure 60 months
    Monthly Installment SAR 1,010
    Management Fee SAR 500
    Tadawul Transfer Fee SAR 70
    Tadawul Purchase Fee (0.0012) SAR 60
    Annual Percentage Rate (APR) 8.72%**
      Apply

    Features

    • Finance period of up to 60 months (minimum 12 months)
    • Maximum finance amount up to SAR 1,000,000 (minimum SAR 50,000, subject to maximum debt burden of 33.33% of salary, including all finance obligations)

    Eligibility Criteria

    • Saudi National
    • Applicant has to be an employee under the “Doctor” profession at one of the Hospitals or Clinics in the Kingdom of Saudi Arabia (employer should be approved with Al Rajhi Bank)
    • Minimum monthly salary of SAR 20,000
    • Additional Income from the “Doctor” profession may also be considered, subject to the bank’s income evaluation criteria
    • Minimum age 25 years, with maximum age 55 years at the time of applying for the finance
    • Minimum employment period of 1 year in the current employment, with total employment period of at least 3 years
    • The installment repayment is to be via Standing Instruction Letter issued through the Bank where the customer’s salary is credited to the Current Account held at Al Rajhi Bank
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