Features:
c• Financing programs for the purchase of all types of residential real estate (House - Building - Off-plan - Land - Mortgage - Apartment - Self-construction)
• Financing up to SR 5,000,000
• Payment in fixed and easy installments for 30 years.
• Choosing the property you desire to own.
• Exemption of heirs from paying the remaining installments in the event of death "God forbid".
Arab National Bank - Al Manzel Al Mubarak :
It is so exciting to fulfill your wish by owning the property you have always dreamed of. Now ANB Al Manzel Al Mubarak Shariah Finance, offers you the choice of getting cash or buy the property you desire with easy and simple process.
Flat Rate
Down Payment
Monthly Payment
Minimum Salary
SAR 5000
Fees & Cost
Fees & Costs:
• Management Fees: 1.15% of the finance amount or SAR. 5,750 whichever is lower
• Early Termination (after the end of second year): The Term cost for 3 months following the payment of the early settlement
• Late instalment payment: SAR 75
Eligibility:
• The applicant must be an employee at an approved entity by ANB or a pensioner.
• Monthly salary starts from SR. 5,000
• Minimum one year in service at current employer.
• Minimum age of applicant 23 years.
• Transfer the salary to ANB.
Documents required:
• Filling the finance application.
• Employer certificate specifying the salary and number of years in service.
• Filling the offer & acceptance form.
• Sketch showing the location of the property.
• Copy of title deed.
• Copy of building license (for the house or apartment).
• Measurement confirmation (for the house or apartment).
• Copy of national identification card / Iqama.
• Bank account statement of the last 3 months.