Bank AlJazira - Adjustable Repayment Mortgage

Bank AlJazira

Features:

Fnancing up to 85% of Property Value 

6 months deferral for the first repayment of the finance 

Financing up to SR 5,000,000 

A competitive profit rate,* 

Ability to obtain Joint Finance with first degree relatives to obtain higher finance amount 

Finance to buy a house or land is possible 

Takaful (life insurance) in case of death or total disability (God forbid). 

Property and damage insurance coverage included throughout the finance period 

Ability to transfer existing liability from other financing institutions 

Possibility of obtaining Personal Finance or Financial lease at the same time.

Bank AlJazira - Adjustable Repayment Mortgage :


Flat Rate

5.19%

Down Payment

15%

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, Sharia Compliant, No Salary Transfer