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overview
Overview

  • Developer name: Asala Residence

  • Project name: Al Malqa project - Al Jazira Project - Al Lulu

  • City: Riyadh - Jeddah

  • Distract: Al Malqa  - Al Jazira - Al Lulu
 

Features:

 

  • A financing up to SAR 5 million

  • The possibility of solidarity of the primary customer with 2 first-degree relatives

  • The possibility of obtaining more than one financing at the same time, according to the financial solvency

  • Possibility to add/remove solidarity

  • Possibility of early payment / replacement with another customer / sale to a third party

  • Cooperative insurance against all risks

  • Exemption in the event of death or total disability, and assignment of the property in favor of the heirs directly according to the standards of insurance coverage

  • Credit Counseling

  • The possibility of calculating the amount of financing to the age of 77 years for the government and private sector, and the age of 75 years for the military sector

    To view the disclosure of the annual percentage rate for the real estate financing product, click here
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Terms and Conditions
Terms and Conditions

  • Only for Saudis

  • To work for an entity listed within the entities accredited by the bank (government sectors, civil or military, approved or unaccredited private, bankers, retirees)

    The minimum salary is as follows:

  • The minimum salary is as follows:
  • Basic customer: SAR 5,000
  • Non-accredited entities: SAR 8,000
  • Bank employees: SAR 8,000
  • Pensioners: SAR 3,000
 

  • Solidarity includes the following:

  • Solidarity includes the following:
  • The joint customer is a first-degree relative: husband, wife, brother, sister, and children
  • Maximum limit for associates (basic customer + 2 associates)
  • Deduction from both clients according to the percentage of participation
 

  • Salary transfer and receipt is required for all customers (except for bank employees).

Terms and conditions apply

Al Malqa project 
Al Jazira Project 
Al Lulu Project

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How to Apply
How to Apply

visit  Riyad Bank branch with the following documents:

  • A copy of ID

  • Fill mortgage request form

  • Fill the customer declaration form

  • Fill the health declaration form

  • A salary identification certificate stating the start date of the job

  • Bank account statement

  • Deposit the evaluation fee

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What's after applying online
What's after applying online?

Visit your nearest Riyad Bank branch with the following documents:

  • Copy of valid Saudi national ID
  • Completed application form for Home Finance
  • Completed applicant undertaking form
  • Completed applicant health declaration
  • Salary certificate with salary details
  • Bank statement
  • Deposit of valuation fees

For more information please call our toll free number 800-124-2020

The calculations allow you to only simulate approximate loan amounts and estimated monthly repayments. For exact figures please contact us on: 800-124-2020, or visit any of our branches here.
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Employment Eligibility Personal Information
Step 1 of 3

Monthly installment

S..R

Profit Added

 S..R

Total Eligible Amount

 S..R

Total Repay

 S..R

Down Payment

 S..R

VAT (15%)

 S..R

Finance Period (in Years)

 Years

Admin Fees

 S..R

Loan To Value Ratio

 

Annual Percentage Rate

 

* All amounts are in S..R
* Please note that these are simulated amounts and they represent an approximation and not the exact numbers.
* For early settlement, financing contracts terms & conditions will be applied
* The Annual Percentage Rate(APR) calculation is based on the default assumption that the financing date is the date of inquiry and first installment due date is the 27th of the following month. Actual APR may vary depending on the final approved financing date and installment schedule and customer specific credit terms.

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