Features:
Financing up to 20,000,000 Saudi riyals depending on client's financial net worth
Finance tenure up to 20 years
A very competitive profit margin, either fixed or flexible depending on the client's choice*
Multiple sources of income are considered, including the financed property’s income
The Possibility of finance against property income only
Allow the client to manage the property and improve the generated income
Settlement can be based on monthly, quarterly, semiannually and annually instalment depending on client's income
Takaful (life insurance) and exemption from payment of the remaining amount in case of death or total disability (God forbid)
Property insurance coverage against Fire & natural disasters throughout the finance period
Bank AlJazira - Equity Release Program :
Flat Rate
5.19%
Down Payment
Monthly Payment
Minimum Salary
SAR 5,000
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)