Al Rajhi - Mass Market

From Internal

Contents 1 Product Criteria 2 Target Market 3 Al Rajhi Approved Employer 4 Employment Status A - GENERIC (employee)

Product Criteria

• Interest Rate :

Target Market

• Applicants without potongan biro are allowed to apply under this package.
• Self-employed / Own business
• Direct Sales
• Commission Earners
• Insurance Agents

Al Rajhi Approved Employer

AEL (Approved Employment Listing)

• Needs only 1 month payslip
• Payslip condition must be carbonite / logo(payslip photocopy)
• Bank statement(must have pengesahan from bank officer)
• Payslip without logo - perlu disahkan oleh HR(copy perlu ada 1)nama pic 2)Jawatan 3)nama company/alamat)

EEL (E Employment Listing)

• Do not need to have pengesahan jawatan.
• Foreigner can apply - gaji must be RM15k and above.

Sdn Bhd Company

• Needs 3 month payslip
• Needs 3 months bank statement(to show gaji)
• Certain Company must have verification letter(with letter head) address under Alrajhi Bank

Employment Status A - GENERIC (employee)

• Rate  : 7.25% (Income more than 10K-rate:6.5%)
• Financing Amount  : RM2,000 - RM15,000(MAX)
• Financing Limit  : 5 times salary or customers eligibility & entitlement whichever is lower
• Financing Tenure  : 2-5 years
• Age  : Min 21 years old based on year of Birth
• Employment Status  : Permanent
• Employment Length  : Minimum 1 year
• Processing Fess  : Waived
• Deduction:
  • Transfer Of Ownership : Max RM15 or 0.015 cents PER RM1,000
  • Stamp Duty  : Min RM10 or 0.5% whichever is higher
  • Takaful  : Takaful Coverrage
• Installment Payment  : Auto Debit (IBG) or pay over the counter
• Nationality  : Malaysia residents with a local residential & local correspondence address

DOCUMENTATION:

1. Latest 3 month payslip
2. 2 copies of NRIC (both side)
3. Utility Bill -If the current address doesn't tally with the address in the NRIC.