Features:
• Financing amount up to SAR 5 million.
• Possibility of having more than one finance.
• Possibility of early settlement.
• Cooperative insurance against all risks.
Riyad Bank - Home Equity Program :
Home Equity Readymade Property is designed for customers who desire to get large amounts of cash against mortgaging their property in favor of Riyad Bank, then repossess it through flexible monthly installments.
Home Equity Incomplete Property from Riyad Bank provides you with financing solutions specially designed to meet your needs and offers cash in hand that will enable you to continue construction works. This gives you the ability to pay installments towards the construction progress of your property, interior and exterior.
Flat Rate
Down Payment
15%
Monthly Payment
Minimum Salary
5000 SAR
Fees & Cost
Documents required:
• Copy of valid Saudi national ID
• Completed application form for Home Finance
• Completed applicant undertaking form
• Completed applicant health declaration
Benefits:
• Shari’a compliant.
• Competitive profit margin rates.
• Flexible payment plan.
• Sending the authorized evaluator within the same day.