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Al Rajhi Bank - Murabaha Financing for Public Sector
Reducing Rate
6.5%
Max. Financed Period
10Yrs
Min. Monthly Income
250JD
Down Payment
20%
Guarantor Required
No
Salary Transfer
Yes
Quick Info
- Sharia compliant product
- Family joint income is considered
- Finance tenor up to 10 years
Main Features
- Up to JD 500,000 financing land or house financing up to 250,000 for Apartments and lands 500,000 villas
- 80% Financing percentage for Apartments, 60% Financing percentage for Lands
- Fixed Murabaha rate throughout the financing period.
- Property will be registered in the name of the customer with a 1st degree mortgage for the favor of the bank.
Source
https://www.alrajhibank.com.jo/ar/documents/products-rate2017.pdfhttps://www.alrajhibank.com.jo/ar/personal/personal-finance/pages/equity-release-murabaha.aspx
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
