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.
Flat Rate
Down Payment
Monthly Payment
Minimum Salary
7,000 for salary transfer and 10,000 for non-salary transfer
Fees & Cost
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