Riyad Bank - Home Finance - Home Equity Readymade Property
|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 is privileged to be ranked among most celebrated and accomplished commercial banking institutions in Saudi Arabia. The Bank is also a pivotal financier of most of the key infrastructural projects undertaken in Saudi Arabia. All this is owed to the fact that the bank has massive reservoirs of expertise and assets gained throughout many years.
The bank offers its varied clients a stable and wide-stretching network of more than 300 branches. On top of that, it also runs 75 special ladies branches, 4 ladies sections in other branches and 19 self-service branches.
Riyadh bank’s services have incorporated ultra-modern information technologies for the sole aim of gratifying the banking needs of its customers. It also boasts of giant ATM network of more than 2,500 terminals in Arabia.
Riyadh, also known as the Gardens in Arabic, is the capital and largest city in the Kingdom of Saudi Arabia. Sharing a similar platform with other strategic cities in Arabia such as Jeddah and Dammam, Riyadh has a blossoming population of 5.7 million people.
Due to the need for well co-ordinated administration, Riyadh is divided into 15 municipal districts that are governed by the Municipality of Riyadh, all of it under the guardianship of the city’s mayor.
In matters connected to its modern prominence and socio-economic advantage in the Middle East, Riyadh has gradually achieved this status after the 1940’s.This strategic turning point is connected to proactive and visionary governance.
Home Equity Ready-made Property
Since you chose to get it ready-made; we also chose and planned to offer you ready cash to purchase that property! That is our commitment as contained in our home equity for ready-made property. Just look at what our loan offers and talk to us promptly.
Benefits and features:
- It complies with Shariah ;
- Maximum finance amounts;
- Competitive profit rates; and
- Easy repayment plans.
Eligibility and requirements:
- Only Saudis can apply;
- Minimum monthly salary of SAR 5,000;
- Applicants ought to be working for government, semi-government, private companies and other banks; and
- Mandatory salary transfer but employees of other banks are an exception.