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Al Rajhi Bank - Home Financing for Private Sector
Reducing Rate
5.75%
Max. Financed Period
25Yrs
Min. Monthly Income
500JD
Down Payment
10%
Guarantor Required
No
Salary Transfer
No
Quick Info
- Financing up to 90% of apartment value
- Salary must be transferred
- Sharia-compliant
Main Features
- Sharia-compliant product.
- Financing Up to JD 500,000 Villa - 250,000 Apartments
- Leasing tenor up to 25 years
- 90% Financing percentage
- Family joint income is considered
- The product is on share principle between the bank and the client for buying the house and then the bank rent his share to the client
Required Documents
- Valid ID
- 6 months bank statement that shows your monthly income
- Salary Slip for the last month
- Property registration papers
- Regulatory site map
- Land Maps
- Get a quotation addressed to Al Rajhi Bank from the owner of the property
- Get an appraisal value of the property
