There are many conditions for a million riyal loan from Al Rajhi Bank, as Al Rajhi Bank and Bank are among the banks that provide many types of financing and loans in the Kingdom of Saudi Arabia to all groups of Saudi society, and of course these conditions vary greatly from one loan to another, and in this article and through the website Khaleeji News: We present to you the conditions for a one million riyal loan from Al Rajhi.
Conditions for a one million riyal loan from Al Rajhi
Of course, to obtain this large loan, some special and different conditions must be met, and these conditions cannot be overlooked in any way, as this loan is one of the most expensive loans offered by the popular Saudi bank. These conditions are many and vary greatly, and we present to you the most prominent and important ones below:
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The applicant’s age must be between 18 and 60 years. If the applicant is a resident, he must be at least twenty-three years old. He must not have previously defaulted on any of the bank’s various loans. The person must be no more than seventy-five years old when the last installment of the loan is paid. The person’s salary must not be less than 5,000 Saudi riyals. The person must have a fixed job in one of the public or private sectors. If the person is a social security beneficiary, the person’s salary must not be less than 1,900 riyals.
Can I take out a loan of one million?
Officials at Al Rajhi Bank responded that it is possible for anyone to obtain various loans from Al Rajhi Bank, which can reach an amount of one million riyals, but with the availability of some different guarantees, in addition to the mandatory availability of one of the guarantors for this financing or loan from Al Rajhi Bank.
Advantages of financing from Al Rajhi Bank and Bank
Of course, Al Rajhi Bank is one of the banks that has provided many financing and loans to all segments of society in the Kingdom of Saudi Arabia, and these loans differ in many things as their value varies greatly, but of course there are some features that are present in most of these financing and loans, and we present these features. Below:
These loans are characterized by being fully compliant with all provisions of Islamic Sharia. These financings are very quick to transfer. The bank approves it very quickly. It offers many different payment methods. It allows for long repayment periods, sometimes up to 60 months, equivalent to five years. The bank offers many facilities in different repayment periods to suit each person’s circumstances. The bank provides residents with the possibility of obtaining some loans allocated to them. Anyone can know the remaining installments and the value of each installment. It provides a financing calculator before requesting it so that everyone knows the expected number of installments and the value of the installment for each month.
In this article, we presented and explained all the information related to the conditions of the one million riyals loan from Al Rajhi, which showed that there are many conditions that cannot be waived, and the responsible authorities explained that anyone can obtain a salary of up to one million riyals.
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2023-10-24 23:55:00
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