Overview

Al Rajhi Bank provides Real Estate Financing (Eirad) that support Retail customers to Obtaining financing against mortgage of investment property.

The product will have 2 variants:

Acquisition of Property

Ijara Financing

It targets clients who wish to purchase income-generating investment properties.

Equity Release

Ijara Financing

Clients who own investment property that generate income and wish to mortgage them in exchange for financing.

  • Features
  • Terms & Conditions
  • How to apply?

Finance Features:

  • Finance tenure starting from 12 months up to 180 months *.
  • Finance amount up to SAR 10MM*.
  • Equal repayment Installments.

    Terms and Conditions

    • Affluent Customers only.
    • All types of real estate (residential - commercial) with annual / semi-annual return, except for (gas stations - warehouses - rest houses). The financing is paid in equal installments.
    • The age of the property shall not exceed 20 years upon submission and 30 years upon financing.
    • 50% financing percentage as a maximum.

      Al Rajhi Bank is controlled and supervised by SAMA

      How to apply?

      Terms and Conditions Applied.

      Al Rajhi Bank is controlled and supervised by SAMA.

      • The Annual Percentage Rate (APR):

        Finance Type APR* Management fees** Minimum or Maximum Management fees**
        Real Estate Finance (EIRAD) 4.5% - 5.5% 5,000 SAR 5,000 SAR

        *APR may differ depending on the amount, management fees, and the maturity period different from above and subject to each customer.

        *Any information or rates mentioned are for example only. All product and service delivery is subject to the credit policies of Al Rajhi Bank.

        **Excluding VAT

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