Inquiries about mortgage financing terms from Al-Rajhi Bank, as many citizens obtained information from Al-Rajhi Bank about the terms of real estate and personal financing. Al-Rajhi Bank offers a lot and you can buy a house with ease from Al-Rajhi 1442. Al-Rajhi Mubasher offers different types of home financing solutions for buying a house or apartment, and many opportunities to buy land and build a house.
Conditions of real estate financing for Al-Rajhi Bank 1442
- Nationality requirement. Home finance is not granted to Al-Rajhi Bank other than Saudis
- In the case of non-Saudis, government approvals are required
- Age is at least 18
- The applicant must be an employee in one of the approved bodies at Al-Rajhi Bank.
- Depending on the job, your service period is not less than 6 months.
- A salary of at least 3,500 Saudi riyals
Buying a home through Al Rajhi
Many residential product services are provided through the Ministry of Housing, and the bank finances the purchase of villas or apartments according to the financing request. First find out how much finance you can get from Al Rajhi Bank
Real estate financing when buying a home
- Buying a villa or apartment: You get financing equivalent to 58 times your monthly salary, and the financing period is 82 times your monthly salary for 20 years or 30 years.
- Land purchase: With the terms of providing real estate financing and the land area of no less than 200 square meters, you get financing equivalent to 53 times your monthly salary.
- An additional financing program for customers who meet the terms of the Al Rajhi Bank loan. The program is a partner. Between Al-Rajhi Bank and the Real Estate Development Fund, those who meet the conditions are granted. When paying 500,000 riyals to finance a unit under construction
- Banque Misr Financing: This financing is provided by purchasing national shares with a guarantee of the property that you own (mortgage of the property).
Source: موجز مصر by www.mogazmasr.com.
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