Down Payment Subsidy Feature Package for Off-Plan

Down Payment Subsidy Feature Package for Off-Plan

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Down Payment Subsidy Feature Package for Off-Plan

Down Payment Subsidy Feature is one of MOH and REDF Program& one of the solutions to help Al Rajhi Bank customers to facilitate owning Residential Unit under Construction with immediate and un-refundable subsidy as down payment subsidy.

Features:

Un-Refundable Subsidy up to 150,000 based on customer salary.

Competitive Profit Rate.

Customer can apply to PF added to the RE Finance.

Defer principal portion of the installment while unit under construction

Terms and conditions:

Customer Age higher than 21 years

Customer must have current account

Customer must be employee in Government or Private sector in ARB

Salary higher than 7,000 SAR

Customer must be beneficiary of REDF /MOH

Customer age mustn’t exceed 75 years @ maturity.

The unit should be within the classification projects in alrajhi bank

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You can also apply through the following channels

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You can apply through alrajhi bank Online

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Personal Details:

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  1. SAR 500 is monthly cashback cap
  2. Cashback is eligible on transactions done in the eligible cashback categories. As per T&C
  3. Cashback is eligible on the given credit limit.

Your Monthly Paymentinfo-grey

SAR 0*

Your Finance Amountinfo-grey

SAR 0*

Total Amount Payableinfo-grey

SAR 0*

APRinfo-grey

0%

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Months

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We are more then Happy to help you Exceed your Goals in the Right ways.

You Can

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  1. SAR 500 is monthly cashback cap
  2. Cashback is eligible on transactions done in the eligible cashback categories. As per T&C
  3. Cashback is eligible on the given credit limit.

Tutorial Videos

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Tutorial Videos

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Frequently Asked Questions:

Yes. All ARB Home finance products are Shariah compliant and have been designed on the basis of Islamic principles.
Yes, according to the terms of early settlement. You can contact us to find out more about the conditions.
You would need to make an immediate repayment of the principle outstanding amount by way of early settlement and we would transfer the title in your name or to the person you requested.