Features:
Terms and Required documents
• A statement of salary transfer from employer ( in case financed with salary transfer)
• 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
Al Rajhi Bank - Property Power :
Mortgage financing is offered through the sharia principle of Murabaha. Property Power is secured financing - alrajhi bank finances the customer's money secured against the home's value, The product is available for REDF customers and 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 of up to 30 years.
• Shariah compliant financing
• financing amount up to SAR 5 Million
• Financing up to the age of 70
• Competitive and fixed profit margin throughout the financing period
• Available for salary and Non-salary transferred customers
• Available for approved and un-approved employers
• “ waiver/exemption of outstanding finance amount in the event of death or disability”
• Flexible installment feature
• Quick and instant approvals
• Grace Period up to 3 Months
• ATM
• Co- Borrower concept only for Non REDF customers