Down Payment Subsidy Feature Package for Off-Plan

Down Payment Subsidy Feature Package for Off-Plan

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Your property with the lowest financing profit rate Exclusively through Al Rajhi Bank

Build your home or own your residential Off-Plan unit with the lowest profit rate exclusively through Al Rajhi Bank in cooperation with the Real Estate Development Fund with “the Lowest Profit rate” Initiative for a limited period.

Features and Benefits:

Land Conditions

Loan tenor up to 20 years with a profit margin of 4.5% (term cost) for all periods.

All government and private sectors, with or without salary transfer, are accepted.

Customer can benefit from the Real Estate Development Fund support package provided and the self-construction package with a value of up to 150 thousand riyals.

Customer can also benefit from Real Estate Development Fund support equals to your Installment as per the below description:

  1. The customer can benefit from the down payment support with the lowest financing profit rate with an installment equal to 400 riyals for the construction period.
  2. The customer can benefit from monthly support with the lowest financing profit rate with installment equals to Real Estate Development Fund monthly support.

Terms and Conditions:

Only for Off-Plan and Self-Construction products.

ATM

Only for Saudi REDF supported customers.

Salary starts from SAR 3,000 with no cap.

Application Form

Maximum Finance Amount is SAR 1,600,000

The terms and conditions of Real Estate Development Fund will be applied.

The number of contracts is limited and priority is given on a first-come.

The terms and conditions will be applied.

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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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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.