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