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Al Rajhi Bank - Murabaha Financing for Public Sector
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Fill in your details and a bank or a financial company representative will contact you within 48 business hours. All FOR FREE with no obligation to buy the financial product after applying
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Al Rajhi Bank - Murabaha Financing for Public Sector
Al Rajhi Bank
Reducing Rate
6.5
%
Max. Financed Period
10
Yrs
Min. Monthly Income
250
JD
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.pdf
https://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
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Application Successfully Submitted
You will be contacted within 48 business hours