Real State Finance

Home Finance Calculator

This calculator will help you decide whether it make sense to rent or buy a home based on your current rent payement

Real Estate Finance Calculator

This calculator will help you decide whether it make sense to rent or buy a home based on your current rent payment.

This calculator will help you decide whether it makes sense to rent or buy a home based on your current rent payment

*Please note that these are initial calculation and it does not represents final approval

 

This calculator helps you determine the monthly payments amount based on requested value.

*Please note that these are initial calculation and it does not represents final approval

 

This calculator will help you decide whether it makes sense to rent or buy a home based on your current rent payment.

*Please note that these are initial calculation and it does not represents final approval

 

 

Features & Benefits

 

  • Financing up to 85% of Property Value
  • 6 months deferral for the first repayment of the finance
  • Financing up to SR 5,000,000
  • A competitive profit rate,*
  • Ability to obtain Joint Finance with first degree relatives to obtain higher finance amount
  • Finance to buy house or land is possible
  • Takaful (life insurance) in case of death or total disability (God forbid).
  • Property and damage insurance coverage included throughout the finance period
  • Ability to transfer existing liability from other financing institutions
  • Possibility of obtain Personal Finance or Financial lease at same time.

*APR starting from 4.78 % which includes all fees*

*Administration and evaluation fees are 1% of the total amount of funding or up to SR 5,000 and subject to 5% Value Added Tax (VAT) up to SR 250.

Eligibility

 

  • Saudi or GCC national 
  • Good credit history 
  • Minimum age of 21 years 
  • Minimum salary for employee is 6,000 Saudi riyals 
  • For joint Ijara, SR 5,000 Salary per month for Main applicant SR 3,000 for joint applicant 
  • Minimum service of 6 months for private sector staff while no minimum service for Government sector staff 
    • Availability of the title deed (notarized registration)
    • Real-estate located within the city boundaries 
    • Not older than 20 years and 40 years at finance maturity
    • Vacant and ready to move in
    • 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); vacant plots are excluded from this requirement
    • Written price offer by the current owner
    • Copy of last electricity bill (Lands are excluded from this requirement)
    • 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); vacant plots are excluded from this requirement
    • Written price offer by the current owner
    • 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: 800 244 9999
    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.
     
    Visit the Branch:
    Visit our nearest branch and our Customer Service Representative will answer all your questions and assist you with the application process.
     
    Click here to locate our branches.