Al Rajhi Bank has recently launched a real estate finance campaign called "Your Home Finance is Ready" which will run for two months from 14 October to 14 December 2018. It will include all products and financing solutions including ready-made housing units, prefabricated housing units for Ministry of Housing projects, self-building projects, existing funding, purchase of a unit under construction, Subsidized mortgage versus real estate, house and provided subsidized support, subsidized financing in addition to the various features including support for the advance payment to the military, flexible premium and many other features that facilitate the procedures for obtaining home finance.
The bank offers many of the advantages of real estate finance for the first house. It is sharia compliant, and obtaining approvals in a record time. The financing period can be up to 30 years or as desired by the customer, with the financing amount reaching SAR 5 million, and the customer can get Personal Finance for up to 5 years in addition to the wide options through developers contracted with the bank to obtain a distinctive property at prices suitable exclusively for customers of the bank.
In line with this campaign, the bank has allocated a total of SAR 2 million to be awarded at a later date, with a grand prize of SAR 500 thousand, five prizes of SAR 100 thousand, 10 prizes of SAR 50,000 and 20 prizes of SAR 25,000. Customers can participate in the draw by applying for a finance approval by visiting the branch, the bank's website, or calling 80012121222. Obtaining Financing and entry into the draw is subject to a set of terms and conditions on the bank's website.