Features:
* 100% integrated digital journey, including electronic title deed transfer
Real estate financing based on the principle of Murabaha
* Flexible installment plans of up to 35 years to suit your needs
* Financing up to 5 million riyals
* Competitive profit margin rates plus an annual percentage rate starting from only 4.68%
*Administrative fee 1% or 5,000 SAR (whichever is lower)
* Live with complete peace of mind with insurance coverage provided by meem digital banking
* Insurance that covers the risks that the property may be exposed to from accidental damage or destruction
* Free credit advisory services during the application journey to help you make an informed and effective decision for you!
Gulf International Bank - Home Finance :
Flat Rate
%6.78
Down Payment
Monthly Payment
300 Month
Minimum Salary
3500 SAR
Fees & Cost
1% with a maximum of SAR 5,000 (whichever is lower)
Fees & Costs
Documents required
* Employment Certificate
* Account statement for the last 3 months
* National address or employee card
* Family Card
* National Identity
* Electronic certificate from the Public Pension Agency
* Electronic certificate from the General Organization for Social Insurance
* A copy of the owner's ID
* Certificate of ownership of the property (Kraoke)
* A copy of the building permit
* A recent copy of the utility bill (electricity, water, communications)
* A copy of the unit sale offer
Eligibility
* Applicants should be Saudi nationals
* Applicant’s age at the time of finance should not be less than 21 * years and not exceed 68 years of age upon expiry of the finance period
* Applicants should be employed for a minimum 3 months with their current employer
* Minimum basic salary SAR 3,500
* Salary should be assigned/transferred to meem
* The property must be situated in the Kingdom of Saudi Arabia