Consumer financing - Commercial sector
Product Features
Certified by SHL Shariah Board
Competitive Margin
Up to 15 years
A financing amount of up to SAR 30M
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)
Eligibility Criteria
Monthly Income
Multiple income sources
Financing Amount
70% for lands and 90% for units
Age
From 30 to 75 years old
Competency Program
For Saudis
Minimum Financing Period
Two Years
Maximum Financing Period
15 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