Features & Benefits

Financing up to 20,000,000 Saudi riyals depending on client's financial net worth
Finance tenure up to 20 years
A very competitive profit margin, either fixed or flexible depending on the client's choice*
Multiple sources of income are considered, including the financed property’s income
The Possibility of finance against property's income only

Allow the client to manage the property and improve the generated income
Settlement can be based on monthly , quarterly, semiannually and annually installment depending on client's income
Takaful (life insurance) and exemption from payment of remaining amount in case of death or total disability (God forbid)
Property and damage insurance coverage included throughout the finance period

* APR starts from 5.19%.

* Administration and evaluation fees are 1% of the total amount of funding or up to SR 5,000 and subject to 15% Value Added Tax (VAT)..

All the fees are subjected to 15% Value Added Tax (VAT)

For Examples of declaration tables click here

Eligibility

Saudi national
Good credit history
Minimum age of 21 years
Minimum salary for employee is 6,000 Saudi riyals

Minimum average monthly income for the last six months starts from 20,000 riyals for self-employed applicants
Minimum service of 6 months for private sector staff while no minimum service for Government sector staff
Practicing current business for at least 2 years for self-employed applicants

Fully constructed
Availability of the title deed (notarized registration)

Real-estate located within the city boundaries
Not older than 20 years and 35 years at finance maturity (except for lands)

Valid national Saudi ID card
Certificate letter of employment one month old or less (for employed applicants)
Salary and end of service benefits transfer
Bank statement for the last 3 months (for employed applicants) and last six months (for self-employed)

Proof of all sources of income (for employees and self-employed)
Commercial Registration and work permit for self-employed
2 Years financial statements except for self employed professionals who do not have a registered company. Example: Engineers, Lawyers, etc

Copy of ID card or Company commercial registration for the owner of the property
Identical photocopy of the notarized title deed
Sketch of the property location showing its area dimensions as well as name and address of the current owner
Municipality clearance (building permit)

Written price offer by the current owner
Proof of property income (lease contracts)
Copy of last electricity bill (Lands are excluded from this requirement)

How to apply?

Easy Steps to Apply for any AlJazira Products or Services:

To apply for ALJazira Product or services just follow the simple steps below. Our ALJazira staff will be happy to assist you.

Online Application Form:

Just fill in our online form and an AlJazira representative will contact you.

Click here

Give us a call at

800 244 9999

and our specialist Agents will be ready and happy to assist you in answering all of your questions about our products and services and assist you with the application process.