You can now enjoy the Ijarah Home Finance product with the promise of grant to get your dream home. This financing includes the following features:
* Fixed rate offered for first 2 years. Thereafter, 1 year SAIBOR + margin. E.g.
300bps
* * Depending on segment type : Maximum 70% LTV for second property.
Own your home on installments with Murabaha Home Financing product. Features of this financing include:
* Depending on segment type : Maximum 70% LTV for second property.
Eligibility
Example:For a home financing of SAR 1,000,000 over 20 years, the APR will be 7.22% and the monthly installment would be SAR 7,750. In case of early settlement, 3 following months profit will be charged. Management fee of 1% from financed amount or capped at SAR 5,000 whichever is lower (including evaluation fee).
Terms and conditions apply
Example:For a home financing of SAR 1,000,000 over 20 years, the APR will be 7.22% and the monthly installment would be SAR 7,750. In case of early settlement, 3 following months profit will be charged. Management fee of 1% from financed amount or capped at SAR 5,000 whichever is lower (including evaluation fee).
Terms and conditions apply
Required Documents
For a better experience, please prepare the following documents:
For a better experience, please prepare the following documents:
Take a moment to arrange a complimentary consultation with one of our advisors today.