Riyad Bank - Home Finance - Purchasing of Readymade Properties
|Minimum Salary needed||SAR 5,000|
|Maximum amount available||Up to SAR 5 Million finance|
|Length of Loan||Up to 20 Years|
|Profit Rate||Not mentioned|
|Upfront Fees ( if any )||Not mentioned|
|Eligibility||For Saudi nationals only; For government, semi-government, private companies and other banks; Salary transfer is a must (excluding other bank employees)|
|Main Features||Shari’a compliant; Flexible payment plan;|
Riyadh Bank ranks among the largest and most profitable banking giants in Saudi Arabia. It operates a stable corporate and retail banking port folio. Riyadh Bank is a major financing partner in the oil, petrochemicals, and a great many of Arabia’s key infrastructure projects. This is based on its vast expertise and solid asset base attained through the years.
The bank offers its clients an accessible and widespread network in excess of 300 branches, including 75 dedicated ladies branches, 4 ladies sections in other branches and 19 self-service electronic branches.
The bank’s services are fused with the latest information technology in order to meet the diverse banking needs of its clients. Riyadh bank boasts of a giant ATM network in the excess of 2,500 terminals across Arabia.
Riyadh is boasts of being among the few strategic cities in the Middle East. Besides all that, it is also the capital and largest city in Saudi Arabia. In the same wave length with other important cities in Arabia such as Jeddah and Dammam, Riyadh has a growing population of 5.7 million inhabitants.
Due to the need for easy administration, the city is divided into 15 municipal districts that are directed by Riyadh Municipality, all of it under the oversight of its mayor.
As regards its present potential and socio- economic leverage, Riyadh slowly achieved all this after the 1940’s.This change of fortune and events can be traced to the visionary and dynamic leadership ruling the Kingdom from that time to date.
Purchasing of Ready-made Properties
Owning property is one of the many valid dreams that Riyadh bank recognizes and is committed to finance into fulfillment. This means that you have a safe and serene transition between the conception point of your dreams to the finishing line without drama and hassles.
Salient features and privileges:
- Shariah- compliant;
- High Finance Amount;
- Competitive profit rates; and
- Flexible repayment plans and options.
Eligibility and requirements:
- For Saudi subjects only;
- Minimum monthly salary of SAR 5,000;
- For employees working with the government, semi-government, private companies and other banks; and
- Salary transfer is a must, but with the exclusion of other bank employees.