Bank Loan Saudi Arabia
Some times we need huge amount of money for various purposes and that’s why we apply for loan and here i will tell you about Bank Loan Saudi Arabia complete process so you can easily avail loan in Saudi.
In this post i will tell about how to get bank loan in saudi through Bank Al-Rajhi Bank and i have already updated a post on how to get loan in saudi through Riyadh Bank so you can Check It Here and simply apply online from there also.
Eligibility And Criteria For Bank Loan
Maximum age of 60
Work for an employer pre-approved by the bank.
Minimum Salary of 2,000 SAR for Saudi Minimum Salary of 5,000 SAR for Non-Saudis.
Required Documents For Loan
National ID or Iqama
Personal Finance Application Form
Features Of This Program
All of our programs are approved and monitored by our Shariah Board
Tenor ranging from 1 to 5 years
Available in both Shares and Commodities
How To Apply For Loan In Saudi Arabia
You can Apply Through Al Rajhi Mobile App You can Download From Here
Please visit your nearest Al Rajhi branch.
Call us at 8001241222.
Aim Of Bank Loan In Saudi Arabia
we understand that sometimes you need that extra cash to renovate your home pay for your kid’s university education or give them the wedding they dream of.
That’s why we have devised for you a fully Sharia compliant finance solution that can help you meet your unexpected expenses. The best part is that our team can process your financing needs in less than 30 minutes.
What Is Watani Loan Program In Saudi?
Watani is Al Rajhi Bank’s flagship Personal Finance solution that responds to your short and long term needs at the pace that you desire.
Thanks to a seamless end-to-end process you can avail a fully Sharia compliant Personal Financing in only 30 minutes.
Is Watani According To Sharia?
Watani is based on the concept of Al Rajhi Bank buying Sharia compliant local shares and selling them to you on deferred basis at a profit (since the contract follows the concept of Musawama, the cost is not disclosed to you). Immediately afterwards you can choose to sell the shares (at the prevailing market price) and receive the cash in your account.