Don’t have an alrajhi bank account? Create one now
Personal Finance Buyout
If you have indebtedness in any local bank, the bank offers the possibility of requesting a maximum financing in order to repay the customer's debt with a new contract. The rest of the financing amount will be available in the customer's account after completing the procedures.
Features:
![](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/1/V123.png?h=48&iar=0&w=48)
Annual rate starts from 2.64%
![](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/L_earn_point.png?h=48&iar=0&w=48)
Earn 30,000 mokafaa Points when you apply for buyout via alrajhi bank app
![ATM](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/1/V114.png?h=48&iar=0&w=48)
Up to 60 months tenure for Saudi and Non-Saudi*.
![](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/1/V123.png?h=48&iar=0&w=48)
Competitive profit margin ratio
![Land Conditions](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/1/V129.png?h=48&iar=0&w=48)
The speedy completion of all procedures for the customer’s financing request
![](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/1/V138.png?h=48&iar=0&w=48)
Enable the customer to benefit from the financing products and other services provided by Al Rajhi Bank
![](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/L_Endeavor_Blue-127.png?h=48&iar=0&w=48)
Possibility of financing retired customers
![](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/1/V1Artboard-7.png?h=48&iar=0&w=48)
Possibility of financing about to retire customers
![](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/L_Endeavor_Blue_finance_cash.png?h=48&iar=0&w=48)
The possibility of financing non-Saudi customers
![](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/1/V112.png?h=48&iar=0&w=48)
Possibility of early repayment at any time based on the customer's request
![](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/L_correct_sign.png?h=48&iar=0&w=48)
No guarantor is required to obtain financing
![](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/L_wallet.png?h=48&iar=0&w=48)
A financing amount of up to 5 million riyals *
![](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/1/V12.png?h=48&iar=0&w=48)
Exemption from indebtedness in the event of death or total disability, God forbid
![](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/1/V112.png?h=48&iar=0&w=48)
Postponing the payment of the customers first two installments
Product Terms and Requirements:
![Al Rajhi Bank](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Dark_Blue/D-136.png?h=48&iar=0&w=48)
Nationality:
That the customer is (citizen or resident) on the job or retired
![Application Form](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Dark_Blue/D_Approved_application.png?h=48&iar=0&w=48)
Employer:
That the customer is an employee of one of the approved employers within the bank
![Salary Certificate](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Dark_Blue/D_ID.png?h=48&iar=0&w=48)
Minimum Age:
18 years for citizens and 23 years for residents
![ID](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Dark_Blue/D_Approved_application.png?h=48&iar=0&w=48)
Minimum Salary:
- For citizens: 4000 SAR
- For residents 5000 SAR
![Salary Certificate](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Dark_Blue/D_ID.png?h=48&iar=0&w=48)
Customer Age:
The age should not exceed 60 years for employees and 75 years for retirees (when paying the last installment)
![Salary Certificate](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Dark_Blue/D_checklist.png?h=48&iar=0&w=48)
Required Documents:
Don’t have an alrajhi bank account? Create one now
How much money can you borrow?
Product Example
Financing Amount | Maturity In Years | ||
apr | Monthly Installment Amount | ||
SAR200,000 | 5 | 5.61% | SAR 3,773 |
You can apply easily through
![](/-/media/Project/AlrajhiPWS/Shared/Home/How-to-apply-section/Personal/howtoapplyeasily630x540_EN.png?h=540&iar=0&w=630)
![Al Rajhi Mobile App Al Rajhi Bank Mobile App](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Apps/AlRajhi_Mobile_App.png?h=72&iar=0&w=72)
alrajhi bank app
The easier and faster way to open your account. Download Now →
You can also apply through the following channels
![](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/L_ARB_Website.png?h=513&iar=0&w=513)
Apply Now
You can apply through alrajhi bank Online
![](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/L_IVR_headphone.png?h=512&iar=0&w=512)
Call Now
We are here for your service give us a call
![branch](/-/media/Project/AlrajhiPWS/Shared/Home/images/Icon/Endeavor_Blue/L_Bank_branch.png?h=513&iar=0&w=513)
Via Branches
There is always a branch nearby
Personal Finance Calculator :
Personal Details:
Enter Your Monthly Salary
Current Monthly Installments Paid
- SAR 500 is monthly cashback cap
- Cashback is eligible on transactions done in the eligible cashback categories. As per T&C
- Cashback is eligible on the given credit limit.
Your Monthly Payment
SAR 0*
Your Finance Amount
SAR 0*
Total Amount Payable
SAR 0*
APR
0%
Payable Period
Months
Interested or have an inquiry?
We are more then Happy to help you Exceed your Goals in the Right ways.
You Can
- SAR 500 is monthly cashback cap
- Cashback is eligible on transactions done in the eligible cashback categories. As per T&C
- Cashback is eligible on the given credit limit.