Features:
Terms and conditions:
• Customer Age higher than 21 years
• Customer must have current account
• Customer must be employee in Government or Private sector in ARB
• Salary higher than 3,000 SAR
• Customer must be beneficiary of REDF /MOH
• Customer age mustn’t exceed 77 years @ maturity.
• The unit should be within the classification projects in alrajhi bank
Al Rajhi Bank - Down Payment Subsidy Feature Package for Off-Plan :
Down Payment Subsidy Feature is one of MOH and REDF Program & one of the solutions to help Al Rajhi Bank customers to facilitate owning Residential Unit under Construction & Ready units immediate and un-refundable subsidy as down payment subsidy.
Flat Rate
Down Payment
Monthly Payment
Minimum Salary
3,000 SAR
Fees & Cost
Benefits:
• Un-Refundable Subsidy up to 150,000 based on customer salary.
• Competitive Profit Rate.
• Customer can apply to PF added to the RE Finance.
• Defer principal portion of the installment while unit under construction