Watani Extra Financing Based on Customer’s Additional Income
A feature that allows customers—whether their salary is transferred to Al Rajhi or not—to benefit from extra financing if they have an additional source of income.
Watani Extra Financing (Extra)
Based on Customer’s Additional Income
A feature that allows customers—whether their salary is transferred to Al Rajhi or not—to benefit from extra financing if they have an additional source of income.
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Example of the feature:
Example: A customer has a net salary of SAR 10,000 and an additional income of SAR 5,000. They wish to apply for the Extra product. (50% of the average additional income is considered)
Calculation of Additional Income
| Amount | Salary information |
|---|---|
| 12,500 SAR | Calculated Salary |
| 4,166.25 SAR | Installment |
| 3.10% | Rate |
| 216,428.57 SAR | Financing Amount |
Extra calculation
| Amount | Salary information |
|---|---|
| 12,500 SAR | Calculated Salary |
| 5,625 SAR | Installment |
| 3.10% | Rate |
| 292,207 SAR | Financing Amount |
