About to Retire Customers
If you are about to retire, get your personal finance with us for up to 60 months.
Key Features of the Personal Finance Buyout
Discover the unique advantages that make our program stand out.
Low Annual Rate
Starting from an annual rate as low as 3.07%.
Flexible Maturity Period
Watani financing available for up to 60 months.
Competitive Profit Margin
Benefit from a highly competitive profit margin ratio.
Quick Process
Fast and efficient completion of financing procedures.
Access to Bank Services
Benefit from AlRajhi Bank’s financing products and services.
Easy Application
Apply and complete your financing directly through the app.
Early Repayment Option
Option to repay early at any time upon request.
No Guarantor Needed
No guarantor needed to obtain financing.
High Financing Amount
Financing available for amounts up to 2.5 million SAR
Debt Exemption Coverage
Exemption from debt in the event of death or total disability, God forbid.
Product Example
| Financing Amount | Maturity In Years | APR | Monthly Installment Amount |
|---|---|---|---|
| SAR 150,000 | 5 | 6.43 % | SAR 2,884 |
| SAR 5,000 | SAR 353,357 | SAR 477,454 | SAR 2,500 |
| SAR 5,000 | SAR 353,357 | SAR 477,454 | SAR 2,500 |
| SAR 5,000 | SAR 353,357 | SAR 477,454 | SAR 2,500 |
| SAR 5,000 | SAR 353,357 | SAR 477,454 | SAR 2,500 |
Product Terms and Requirements:
Nationality
That the customer is (citizen or resident) on the job or retired.
Employer
That the customer is an employee of one of the approved employers within the bank.
Minimum Age:
- Civil sector: The minimum period of service is 20 yearsCivil sector: The minimum period of service is 20 years
- Military sector: The minimum period of service is 17 years
- GOSI: The minimum period of service is 25 years
Minimum Salary:
- 3000 riyals
Customer Age:
The age should not exceed 60 years for employees and 75 years for retirees (when paying the last installment)
Required Documents:
- National identity card
- Salary definition
- Salary fixation
- Financing application form
Personal finance calculator
Please note that this calculator only helps you calculate the approximate financing amount and does not represent the exact amount of financing and payments. For actual approval details, please contact us at 8001241222
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