Features:
Terms and Required documents
• A statement of salary transfer from employer ( in case financed with salary transfer)
• Monthly expense declaration form
• Valid ID
• Providing price quotation for the unit desired from one of the approved projects by alrajhi bank
• Salary certificate from employer
• Saudi nationality only
• Minimum age of 18
• Minimum service 3 months
• Salary starts from 7,000 for salary transfer and 10,000 for non-salary transfer
• Filling "financing" form
Al Rajhi Bank - Off-Plan Sale :
Finance to purchase property villa or apartment to be built or semi-built by ARB approved developer in a maximum of 36 months, the product is available for REDF customers and alrajhi bank customers.
Minimum Salary
7,000 for salary transfer and 10,000 for non-salary transfer
Eligibility:
• Saudi Nationals.
• The applicant must be employed by one of the Government/Semi Government or Private sectors
• Minimum monthly salary of SAR 3,500.
• Salary Transfer
Benefits:
• Principle deferment for the first 36 Months for REDF customers
• Shariah compliant financing
• Financing period up to 30 years
• Quick and instant approvals
• Available for salary and Non-salary transferred customers
• Available for approved and un-approved employers
• Flexible installment feature
• Financing up to the age of 70
• Competitive and fixed profit margin throughout the financing period
• Financing amount up to SAR 5 Million
• Waiver/exemption of outstanding finance amount in the event of death or disability”
• Co- Borrower concept only for Non REDF customers