Equity Release
SHL Finance Company is providing a commercial finance which enables you to obtain sufficient cash by pledging your property to SHL Finance Company in order to improve your investments through multiple financing solutions that are compliant with Sharia regulations.
This product is designed to cater the need of individuals who have rental income from owned income generating property/s, and/or income from established business (Salary can be accepted as an additional source of income).
Certified by SHL Shariah Board
Competitive Margin
Up to 10 years
A financing amount of up to SAR 15M
Exemption in the event of death or total disability as per insurance's policy
Flexible monthly/quarterly/semi-annual/annual payments
Considering income from multiple sources (commercial - real estate - salary as additional income)
Monthly Income
Multiple income sources
Financing Amount
Up to 60% of the property's value
Age
From 30 to 75 years old
Competency Program
For Saudis
Minimum Financing Period
Two Years
Maximum Financing Period
10 years
Qualified Property
Designed to mortgage all common types of commercial or residential properties, supermarkets and apartment complexes
Property Conditions
The property must be within the urban scope and approved plans