Al Rajhi Bank - Home Financing for Private Sector
Reducing Rate
5.75%
Max. Financed Period
30Yrs
Min. Monthly Income
400JD
Down Payment
10%
Guarantor Required
No
Salary Transfer
Yes
Quick Info
  • Financing up to 90% of apartment value
  • Salary must be transferred
  • Sharia-compliant
Main Features
  • Min. salary for Non-accredit companies: 500 JDs with minimum work period of 1 year
  • Fixed rate for the first year
  • Financing Up to JD 500,000 Villa - 250,000 Apartments
  • Leasing tenor up to 30 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