The Economy website presents the terms of subsidized Al Rajhi Bank real estate financing, starting from 50 thousand to 3 million riyals.
Many citizens are wondering about ways to obtain “Al-Rajhi Bank financing”, to obtain real estate financing in order to be able to buy a house. Offers a variety of loans and financing with convenience to customers
The bank offers many advantages that may not be available in other banks, which is that it grants finances that comply with the provisions of Islamic law, and real estate financing may start from 50,000 riyals up to 3 million Saudi riyals.
The bank set a set of conditions for citizens to be able to obtain financing, which are:
In the beginning, the person wishing to obtain real estate financing must be a Saudi national.
The applicant is also required to have his monthly salary transferred to a bank.
It is also required that the applicant for the loan be a beneficiary of the Real Estate Development Fund to be able to benefit from the support.
It is also required that the applicant be a worker for one of the private or government sectors.
It is also required that the monthly income of a citizen working in the government sector be 5,000 riyals.
It is also required that the monthly income of workers in the private sector be 7,500 riyals.
It is also required for age that the applicant must be at least 21 years old and not more than 60 years old.
