Postponing Installments
Do you want to postpone your payments? The installment deferment product allows you to defer up to 3 installments of your personal finance, to be paid after the end of the current contract
Key Features of the Personal Finance Postponing Installments
Discover the unique advantages that make our program stand out.
Low Annual Rate
The annual rate starts as low as 15%, offering affordable financing options.
Bonus Points
Earn 6,000 mokafaa points when applying via app.
Flexible Tenure
Up to 60 months for Saudis, 36 months for non-Saudis.
Competitive Profit Margin
Benefit from a competitive profit margin ratio.
Quick Process
Fast completion of financing procedures.
Access to Bank Services
Enjoy financing and other AlRajhi Bank services.
Financing for Retirees
Financing options also available for retired customers.
Easy Application
Apply and receive financing directly in-app.
Early Repayment Option
Option to make early repayments anytime upon request.
Debt Exemption Coverage
Exempt from debt in cases of death or disability.
No Guarantor Needed
Financing available without a guarantor.
Product Example
| Financing Amount | Maturity In Years | APR | Monthly Installment Amount |
|---|---|---|---|
| SAR 15,291 | 5 | 27% | SAR 3,822 |
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:
18 years for citizens and 23 years for residents
Minimum Salary:
- For citizens: 2000 riyals and 1900 for retirees
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 or residency card for residents
- Salary definition
- Salary fixation
- Financing application form
Home 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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