Al Rajhi Bank has launched a new product that allows customers to obtain both a mortgage and a personal loan at the same time to finance the purchase of a house or apartment and secure sufficient liquidity to achieve other goals.
The product features reduced financing rates and a repayment period of up to 20 years for real estate financing, in addition to new, streamlined procedures that make it easier to qualify. This move reinforces Al Rajhi Bank’s market position and solidifies its continued leadership as the Kingdom’s top provider of personal financing in terms of customer base, while enabling the bank to continue offering distinctive and innovative financing programs.
Customers can access the new product at any of the bank’s branches throughout the Kingdom, which constitute the largest banking branch network in the region, in addition to the largest network of women’s banking branches and sections. Customers can also submit a preliminary application via phone banking or the bank’s website. Al Rajhi Bank offers a variety of financing programs, foremost among which is the «Watan» program for installment purchases of Saudi stocks, which is characterized by its investment and financing flexibility and offers customers multiple options, as well as real estate financing programs for residential or investment purposes, and auto financing through several different programs tailored to all needs.