Overview

Features:

  • Very Competitive Profit Rates.
  • Finance Tenor Up to 20 years.
  • APR starts from 4.08%.
  • Covered Products:
  • Off Plan
  • Self-Construction
  • MOH Ready Units
  • Ready Units from market .
  • Property Power – REDF

    *Terms & Conditions Apply

    How to apply?

    • Please visit your nearest Al Rajhi Bank branch
    • Call us at 8001241222
    • Apply Online
    • The offer is valid till MAY 10, 2021

    *Terms and conditions apply

    *Al Rajhi Bank is controlled and supervised by SAMA

    Example 1:

    Finance Amount Maturity in Years APR Monthly Payment Amount
    500,000 SAR 10 Years 5.01% 5,279.17 SAR

    Example 2:

    Finance Amount Maturity in Years APR Monthly Payment Amount
    850,000 SAR 20 Years 5.57% 5,815.42 SAR

    Example 3:

    Finance Amount Maturity in Years APR Monthly Payment Amount
    1,000,000 SAR 25 Years 5.75% 6,208.33 SAR

    The Annual Percentage Rate (APR):

    It is the discount rate at which the present value of all payments and installments that are due from the Borrower, representing the Total Amount Payable by the Borrower, equals the present value of all payments of the Amount of Financing available to the Borrower on the date on which the Financing amount or the first payment thereof is available to the Borrower.

    Finance Amount:

    The amount of, on balance sheet granted to the customer.

    Maturity In Years:

    The duration of the contract agreed upon between the parties, which shall indicate the date and expiry of the contract with the parties' with the terms of the contract

    Monthly payment amount:

    The installment amount the customer is obliged to pay to the bank each month until the debt is paid off