Riyad Bank - Home Finance - Purchasing Incomplete 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 one among the largest and most successful banking institutions in Saudi Arabia. The bank operates a solid corporate and retail banking division. Riyadh Bank is a major financing giant in the oil, petrochemicals, as well as many key infrastructure projects in Arabia. This is due to the fact that the bank has vast reserves of expertise and assets gathered throughout the years.
The bank offers its clients an accessible and widespread network of more than 300 branches. It also has 75 dedicated ladies branches, 4 ladies sections in other branches and 19 self-service electronic branches.
Riyadh bank’s services are interwoven with the latest information technology in order to fully satisfy the unique banking needs of its clientele. It also boasts of a gigantic ATM network exceeding 2,500 terminals in Arabia.
Riyadh is boasts of being among the few strategic cities in the Middle East. In addition to all that, it is also the capital and largest city in Arabia. In the same wave length with other important cities in Arabia such as Jeddah and Dammam, Riyadh has a fast growing population of 5.7 million dwellers.
Because there is need for well co-ordinated administration, the city is divided into 15 municipal districts that are governed by Riyadh Municipality, all of it under the guidance of the city’s mayor.
As of its modern significance and socio- economic leverage in the region, Riyadh has slowly achieved all this after the 1940’s.This shift in fortune and events can be linked to the visionary and sound leadership ruling the Kingdom from that time to date.
Home Finance- Purchasing Incomplete Property
Now your dream to own property could not have gotten better than this. We at Riyadh bank offer you the option to choose and get finances for an incomplete property that suites your needs.
Salient privileges and features:
- Maximum financing amounts;
- Competitive profit rates; and
- Easy repayment plans.
Eligibility and requirements:
- Only Saudi Arabian subjects are qualified to apply;
- Minimum monthly salary of SAR 5,000;
- Every applicant must be an employee of the government, semi-government, private companies and other banking institutions; and
- Salary transfer is a must except for other bank employees.