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.
Minimum Salary
from 7,000 for salary transfer and 10,000 for non-salary transfer
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