Short Term Finance
Whatever your plans and needs, Al Rajhi Bank offers Sahlha program which enables you to pay monthly installments for the services amounts provided by the approved merchants without profit rate and administrative fees.
Key Features of the Short Term Finance
Discover the unique advantages that make our program stand out.
Flexible Tenure Options
Choose a repayment term up to 12 months.*
Fast Processing
Quick and seamless financing process for customers.
Access to Bank Services
Enjoy financing and other services from Al Rajhi Bank.
Easy App Application
Apply and manage financing directly through the app.
Early Repayment Option
Repay financing early at any time upon request.
High Financing Limit
Secure financing of up to 200 K SAR.
Life Insurance Coverage
Financing waived in case of death (God forbid).*
No Guarantor Needed
Get financing with no guarantor required.
Minimal Admin Fees
Administrative fee is 1% or 5,000 SAR max.
Terms Apply
Eligibility based on terms and conditions.
Product Example
| Financing Amount | Annual profit rate | administrative fee* | MATURITY IN months | Monthly payment Amount |
|---|---|---|---|---|
| 10,000 SAR | 0% | 100 SAR | 6 | 1,666.6 SAR |
| 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 |
*VAT not included
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
- For residents: 5000 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 or residency card for residents
- Salary definition
- Salary fixation
- Financing application form
- Quotation 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
Your Monthly Payment SAR
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Your Finance Amount SAR
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Total Amount Payable SAR
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APR
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