Mortgage conditions in Al Rajhi Bank 2023, It is the one that specializes in eligibility for financing or specializes in the loan through the home guarantee, which is what is known as being owed by the mortgage loan for the home, and it is also known that it is the main source of financing when guaranteeing the eligibility, especially since Al-Rajhi Bank has provided all customers with access On a financing loan that is within a specified Murabaha rate in an electronic way without the need to go to one of the bank’s branches, and we will display the conditions of the mortgage in Al Rajhi Bank 2023.

Mortgage in Al Rajhi Bank

Before we can get acquainted with the terms of the mortgage, we will work on displaying the most important information related to the mortgage in Al-Rajhi Bank, and as it was known that this service was announced by Al-Rajhi Bank, and it is known as the mortgage service for all customers. Those who wish to obtain financing for your home within what is known as your financing source, and the bank management has determined the type of financing through national equity financing in accordance with the guarantee of the real estate owned by the customer.

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Mortgage terms in Al Rajhi Bank 2023

The management of Al-Rajhi Bank has worked to identify a set of the most important information related to the terms of the mortgage in Al-Rajhi Bank 2023, and these conditions are the ones that we will work on presenting through the following items:

• Be a Saudi national.
• Also, the minimum salary is about 5,000 Saudi riyals for both government and semi-governmental sector employees.
• The minimum salary for private sector employees is about 7,500 Saudi riyals.
• Likewise, the duration of work in the public sector is about 6 months, while in the private sector it is about 12 months, and it must be continuous without interruption.
• The retirement age of the customer is about 20 years within the completed real estate, as well as 15 years within the residential lands.
• Likewise, the financing period for an employee in the public sector is about 15 years within the completed real estate, as well as 15 years within the residential lands.
• The age of the applicant should not be less than 21 years and not more than 60 years.
• Also, work on transferring the salary to Al Rajhi Bank.
• That the customer has an account in Al Rajhi Bank.

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Advantages of a mortgage in Al Rajhi Bank 2023

It was known that Al-Rajhi Bank is one of the most important banks that exist in the Kingdom of Saudi Arabia, and it was also known that it had announced the conditions of the mortgage, through which we will be able to learn about the advantages of the mortgage in Al-Rajhi Bank 2023, which are as follows:

• It is possible to obtain mortgage financing by collateralizing the occupied property through the client.
• Also, the mortgage must be approved by the various rules and regulations of Islamic law.
• The repayment period is flexible, up to 20 years.
• Also, the mortgage can be for all Saudi nationals who work in the public sector as well as the private sector.
• Financing amounts to about 3 million Saudi riyals through the mortgage product.

How to get a mortgage in Al Rajhi Bank

After we were able to get acquainted with the terms of the mortgage, we will work on presenting a distinctive set of steps that are being followed within The way to obtain a mortgage in Al Rajhi Bank, and these steps are as follows:

• Direction to the mortgage link at Al Rajhi Bank through the link here.
• Write the customer’s personal information, which is as follows:
  • customer name.
  • Well, sexuality.
  • sex.
  • Well, age.
  • National identification number.
  • Also, the personal status card number.
  • Choose the owner of an account within Al-Rajhi Bank.
  • Write down all the client’s financial data.
• That the salary be transferred to Al Rajhi Bank.
• Also, work to determine the monthly salary as well as the net salary of the client.
• Determine the type of business sector for the client.
• Also, write the customer’s contact information, which is as follows:
  • Customer’s mobile number.
  • Well, email.
  • housing area.
  • The best time to contact the customer.
• Click on submit request.
• Through e-mail or through mobile communication within Al-Rajhi Bank customer service to know the approval of the mortgage financing request.
• Also, work on setting a time for the client to review the bank with the processing of all papers that require the mortgage.

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The most prominent services of Al Rajhi Bank

The management of Al-Rajhi Bank was able to present many of its distinguished services, which are provided to all customers. By getting acquainted with the terms of the mortgage, we will work on presenting the most prominent services of Al-Rajhi Bank, which are as follows:

• Services of opening an account for individuals as well as companies within Al-Mubasher with individuals in Al-Rajhi Bank.
• Also, being able to issue credit cards as well as various Murabaha cards that are online.
• Providing various financing services within the guarantee of real estate, as well as financing the purchase of a car.
• Likewise, customers should participate in the various IPOs through electronic channels that are specialized in Al Rajhi Bank.

Documents required to obtain a mortgage in Al Rajhi Bank

Whenever we search for a new group related to mortgage terms, we will display all the information related to the documents required to obtain a mortgage in Al Rajhi Bank, which must be available to the customer as follows:

• Identification document from the employer.
• A copy of the national ID or personal status card, which must be identical to the original.
• Also, a copy of the customer’s salary transfer form from the workplace to Al Rajhi Bank.
• The client’s salary statement shall be attested.
• A copy of the real estate deed on both sides.
• Also, a copy of the building clearance for both sides.
• Property site plan.
• Well, an area report from the municipality.

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Advantages of Al-Rajhi Bank in the Saudi mortgage

After we were able to present the conditions of the mortgage according to what was announced to all customers in the Kingdom of Saudi Arabia, we will work on presenting all the advantages of Al Rajhi Bank in the Saudi mortgage that managed to attract customers to it, which are as follows:

• Work to provide the customer with a share financing program through Murabaha to guarantee the mortgage of the property within a liquidity of up to about 30 years.
• Also, it must be a mortgage that complies with the various regulations of the Sharia Committee at Bank Albilad.
• Speed ​​in completing all procedures related to requesting customer financing.
• Also, the profit margin is competitive as well as fixed on the mortgage.
• The financing amount amounts to about 5 million Saudi riyals within the mortgage.

Mortgage conditions in Al-Rajhi Bank 2023. In this article, we have presented all the information and details related to the mortgage terms, which were announced by Al-Rajhi Bank in the Kingdom of Saudi Arabia.