Features:
Granting clients of approved and non-accredited entities.
Arab National Bank - Off-plan finance :
Sharia-compliant real estate financing for a housing unit under construction, made in several payments by transferring directly to the real estate developer’s account according to the construction stages. The profits of each payment shall be deducted only during the construction period, and when the construction of the unit is completed, the full installment (the principal and the profit together) shall be deducted.
Flat Rate
6.44%:6.65%
Down Payment
Monthly Payment
Minimum Salary
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
Documents required:
Fill out the forms for the Arab National Bank.