Features:
Terms and Required documents
• A statement of salary transfer from employer ( in case financed with salary transfer)
• Copy of building permits
• Copy of owner ID
• Copy of the title deed
• Monthly expense declaration form
• Valid ID
• Salary certificate from employer
• Saudi nationality only
• Sketch of property location
• Minimum age of 18
• Minimum service 3 months
• Salary starts from 7,000 for salary transfer and 10,000 for non-salary transfer
• Filling "financing" form
• Property offer price
Al Rajhi Bank - Home Finance :
Home is where the heart is
It is a Murabaha financing that allows the customer to purchase a property, whether from one of the projects of the Ministry of Housing or a ready-made unit from the market, The product is available for REDF customers and alrajhi bank customers.
Flat Rate
Down Payment
Monthly Payment
Minimum Salary
from 7,000 for salary transfer and 10,000 for non-salary transfer
Fees & Cost
Benefits:
• financing period up to 30 years
• financing amount up to SAR 5 Million
• Shariah compliant financing
• Available for salary and Non-salary transferred customers
• Available for approved and un-approved employers
• Financing up to the age of 70
• Grace Period up to 3 Months
• Quick and instant approvals
• Flexible installment feature
• “ waiver/exemption of outstanding finance amount in the event of death or disability”
• Competitive and fixed profit margin throughout the financing period
• Co- Borrower concept only for Non REDF customers
• the ability to add the final installment to the financing amount