Features:
• Financing amount up to SAR 5 million
• Possibility of joint finance between the primary applicant + 3 first degree relatives
• Possibility of having more than one finance
• Ability to add/cancel joint applicants
• Possibility of early settlement / transfer ownership (Ihlal)/selling to a third party
• Cooperative insurance against all risks
• Exemption in case of death or permanent disability and transfer of ownership of the property to the heirs in accordance with the insurance coverage
• The possibility to calculate the financing amount to 77 years for the Governmental and Private sector, and 75 years to the Military sector
Riyad Bank - Purchasing Readymade Property :
Riyad Bank helps you to own your dream home through flexible Shariah-compliance financing programs based on the principles of Murabaha and Ijara.
Flat Rate
Down Payment
Monthly Payment
Minimum Salary
5000 SAR
Fees & Cost
Eligibility:
• For Saudis only.
• Minimum monthly salary of SAR 5,000.
• For government, semi-government and private sectors, as well as other bank employees.
• Salary transfer is a must (excluding other bank employees).
Documents required:
• Copy of valid Saudi national ID.
• Completed application form for Home Finance.
• Completed applicant undertaking form.
• Completed applicant health declaration.
• Salary certificate with salary details.
• Bank statement.
• Deposit of valuation fees.
Benefits:
• Shari’a compliant.
• Competitive profit margin rates.
• Flexible payment plan.
• Sending the authorized evaluator within the same day.
• Ability to fund before Salary depositing.