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Comparing Saudi Personal Loans: Al Rajhi vs Saudi National Bank
Explore the differences between Al Rajhi and Saudi National Bank loans. Discover which offers faster approval and who benefits most from each option.
You're choosing between Al Rajhi Bank and Saudi National Bank for personal loans. Here's what actually matters.
Rates and terms shown are representative. Your actual rate depends on your credit profile and circumstances. This is not financial advice — always read the lender's terms before applying.
High-Amount Loan Options
Both Al Rajhi Bank and Saudi National Bank offer substantial loan amounts, but they cater to different needs and preferences. Let's dive into the details.
Al Rajhi Bank Personal Finance
Al Rajhi Bank stands out for its Sharia-compliant financing up to SAR 2.5 million. It's perfect for Saudi nationals seeking quick approval via their app. However, the requirement to transfer your salary might not suit everyone.
Al Rajhi Bank Personal Finance
Personal- APR
- 5.0–8.0%
- Amount
- ﷼50k–﷼2.5M
- Term
- 12–60 mo
- Decision
- Same day
Saudi National Bank Personal Finance
Saudi National Bank also offers loans up to SAR 2.5 million, with a competitive starting rate of 5.0%. The fast digital approval is a plus, but the best terms require a salary transfer.
Saudi National Bank Personal Finance
Personal- APR
- 5.0–7.5%
- Amount
- ﷼10k–﷼2.5M
- Term
- 12–60 mo
- Decision
- Same day
While both banks offer similar loan ceilings, the choice depends on your flexibility with salary transfers. If speed is your priority, Al Rajhi's app approval process could be the deciding factor.
Flexible Loan Terms
Next, we look at options that provide more flexibility in terms of salary transfer requirements and quick approvals.
Riyad Bank Personal Finance
Riyad Bank is known for its flexibility, offering personal finance without requiring a salary transfer. This makes it appealing to those wanting competitive rates without additional obligations.
Riyad Bank Personal Finance
Personal- APR
- 5.0–7.5%
- Amount
- ﷼10k–﷼300k
- Term
- 12–60 mo
- Decision
- Same day
Arib Finance Personal Loan
Arib Finance provides a unique proposition with no guarantor or salary transfer required. It's a non-bank option that offers quick approval within 24 hours, although the rates are generally higher.
Arib Finance Personal Loan
Personal- APR
- 5.0–12.0%
- Amount
- ﷼10k–﷼500k
- Term
- 12–60 mo
- Decision
- Within 24 hours
For those who value flexibility over a lower rate, these options remove the hassle of tying your loan to your salary. However, be prepared for potentially higher rates as a trade-off.
Sharia-Compliant Choices
For borrowers seeking Sharia compliance, these banks offer tailored solutions that align with Islamic finance principles.
Bank AlJazira Dinar Personal Finance
Bank AlJazira offers Sharia-compliant financing with the Murabaha structure. The Dinar loyalty program integration is a unique benefit, though it requires a salary transfer.
Bank AlJazira Dinar Personal Finance
Personal- APR
- 5.5–8.0%
- Amount
- ﷼10k–﷼3M
- Term
- 12–60 mo
- Decision
- 1-2 business days
Arab National Bank Personal Finance
Arab National Bank provides competitive Sharia-compliant rates with a strong digital banking platform. However, the best rates still require a salary transfer.
Arab National Bank Personal Finance
Personal- APR
- 4.5–9.0%
- Amount
- ﷼20k–﷼500k
- Term
- 12–60 mo
- Decision
- 1-3 business days
For those committed to Sharia-compliant financing, both banks provide solid options. Yet, the choice may come down to the digital experience and additional benefits like loyalty programs.
