How To Reduce Your Al Rajhi Housing Loan Principal

If you have extra money and want to reduce your housing loan principal with Al Rajhi bank, below are the steps.

Steps to Reduce Housing Loan Principal

1. Fill up the form provided by Al-Rajhi Bank
   – the amount to reduce principal
   – your saving account number with Al Rajhi (underline after “For Dossier”)
   – your housing loan account number
   – your address, date and identification number
   – sign the letter
2. Send the filled up form to to customersupport@alrajhibank.com.my.
3. Ensure the amount is in your Al Rajhi bank account.
4. Ensure Al Rajhi provide you with acknowledgement.

• The amount to reduce must be more than your monthly installment.
• It takes 7 working days to process

Notes

This information is verified as of 14th July2021. I have done 2 times pre-payment or reducing my principal using this method.