Real Estate Financing Offer

Features:

    • Competitive and fixed Profit Rates at the end of contract.
    • Flexible repayment period Up to 35 years for ARB product & 25 Years for REDF products.
    • APR starts from 2.90%.
    • Possibility of benefiting from flexible real estate financing 2x1.
    • Applicable for REDF/Non REDF Products.
    • Weaving admin fees and evaluation fees.
    • Completing your finance request in a timely manner.
    • Allowing customers to benefit from all financing products and other services provided by alrajhi bank
    • Available for Retirees.
    • Early Settlement is available at any time upon customer's request.
    • Guarantor is not required to have a Home finance loan
    • Possibility to participate in real estate financing with the main customer as co applicant
    • Exemption of Finance Amount in case of passing away (God Forbid).*
    • Terms & Conditions Apply

How to apply?

Period of Promotion:

The offer is valid from 1st march to 31st march, 2022

Example 1:

Finance Amount Maturity In Years APR Monthly Payment Amount
500,000 SAR 10 Years 3.71% 4,979.17 SAR

Example 2:

Finance Amount Maturity In Years APR Monthly Payment Amount
850,000 SAR 20 Years 4.671% 5,411.67 SAR

Example 3:

Finance Amount Maturity In Years APR Monthly Payment Amount
1,000,000 SAR 30 Years 5.32% 5958.33 SAR

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.

alajhi bank is controlled and supervised by SAMA*

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.

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.

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