Riyad Bank - Land Finance
|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 among most celebrated and decorated banking towers in Saudi Arabia. The Bank is also an important financier of most of the key infrastructural projects in Saudi Arabia. All this is owed to the fact that it has rich mines of expertise and assets attained throughout many years.
The bank offers its clientele a stable and far-reaching network of more than 300 branches. Besides, it also operates 75 dedicated ladies branches, 4 ladies sections in other branches and 19 self-service electronic branches.
Riyadh bank’s services are integrated with ultra-modern information technology for the purposes of satisfying the banking needs of its customers. It also boasts of a massive ATM network exceeding 2,500 terminals in Arabia.
Riyadh, also known as the Gardens in Arabic, is the capital and largest city in Kingdom of Saudi Arabia. Sharing the same trend with other pivotal cities in Arabia such as Jeddah and Dammam, Riyadh has a ballooning population of 5.7 million dwellers.
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 wrapped under the guardianship of the city’s mayor.
In matters related to its current prominence and socio-economic leverage in the Middle East, Riyadh has steadily achieved this status after the 1940’s.This strategic turning point in fortune and status is connected to visionary and prudent public administration.
Land purchasing should not be a stressful mirage like trying to sail your way to Pluto! Just look at our land purchase loan menu, choose what is best for you and talk to us.
Beautiful features and privileges:
- It fully complies with Shariah;
- You get maximum funds to complete the transaction;
- Choose your ownership option-either Ijara or Murabaha;
- Enjoy competitive profit rates; and
- Friendly repayment plan;
Eligibility band mandatory requirements:
- Only subjects of the kingdom of Arabia are to apply;
- Applicants need a minimum monthly salary of SAR 5,000;
- All applicants are required to be on the pay roll of government, semi-government, private companies and other banking institutions; and
- Salary transfer is mandatory although it does exclude applicants who work for other banks.