Bank AlJazira - Equity Release Program

Bank AlJazira

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)