Features:
Financing up to 85% of Property Value
Financing up to SR 8,000,000
6 months deferral for the first repayment of the finance
A competitive profit rate.*
Ability to obtain Joint Finance with first degree relatives to obtain higher finance amount
Financing to buy house or land is possible
Takaful (life insurance) in case of death or total disability (God forbid).
Property insurance coverage against Fire & natural disasters throughout the finance period
Finance is also possible for self employed
Ability to transfer existing finance from other institutions
Bank AlJazira - "Baity" Home Finance :
Flat Rate
5.19%
Down Payment
Monthly Payment
Minimum Salary
SAR 6,000
Fees & Cost
Administrative fees and property evaluation and valuation fees 1% of the financing amount, up to a maximum of 5,000 riyals, in addition to (15%) value added tax (VAT)
Benefits:
Islamic Finance, Finance for Nationals, Finance for Saudi Nationals