Overview

Al Rajhi Bank provides Real Estate Financing (Eirad) that support Micro and Small Businesses 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

    • The customer should be Commercial Entity owned by not less than 75% of a Saudi National who should be actively managing the business.
    • The entity must have at least 4 years of experience in real estate activity, or through a partnership in the same experience.
    • The client should have at least 1 existing investment property.
    • Age of the owner \ authorized person not less than 25 up to 65 years old at the end of financing period.
    • Clear Credit history without delinquencies.
    • The age of the property does not exceed 25 years at the end of the financing period.

      How to apply?

      *Terms and Condition 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% 3%** "Not applicable depended of finance amount"

        *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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