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Do you aspire to possess a property such as a villa, duplex, apartment or piece of land but you do not have sufficient liquidity for that? |
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Bank AlJazira now brings you the solution so you can acquire the property of your dreams through "Baity", specialized home financing program. |
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- A leasing program that is 100% Sharia compliant.
- Financing up to 5,000,000 Saudi riyals.
- A very competitive profit margin.
- Affordable monthly payments commensurate with your income that can be extended up to 30 years.
- Program available to private/ public employees and self-employed professionals.
- Multiple sources of income are considered.
- No guarantor or salary transfer.
- Early settlement option available.
- Takaful (life insurance) and exemption from payment of remaining amount in case of death or total disability (God forbids).
- Property and damage insurance coverage included throughout the finance period.
- Joint applicants are accepted.
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- Saudi nationals.
- Good credit history.
- An employee or self-employed professional.
- Minimum age of 21 years.
- Maximum age 60 years at the end of the payment of installments.
- 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 average monthly income for the last six months starts from 20,000 riyals for self-employed applicants.
- Job seniority no less than 3 months public sector (government) employees and six month for private sector staff.
- Job seniority not less than 3 years for self-employed professionals.
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- Availability of the title deed (notarized registration).
- Real-estate located within the city boundaries.
- Not older than 10 years (for villas) or 5 years (for apartments).
- Vacant and ready to move in.
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- Valid national Saudi ID card.
- Certificate letter of employment one month old or less (for staff).
- Salary and end of service benefits transfer.
- Statement of earnings for last 6 months from employer.
- Bank statement for the last 3 months (for staff) and last six months (for self-employed)
- Proof of all sources of income (for employees and self-employed).
- Commercial Registration and work permit for self-employed.
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- 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.
- Copies of utility bills for last 3 months for the real-estate (vacant plots are excluded from this requirement).
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| Easy Steps to Apply for any ALJazira Products or Services: |
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| To apply for ALJazira Product or services just follow the simple steps below. Our ALJazira staff will be happy to assist you. |
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| Online - Apply For Mortgage Now |
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| Apply for Mortgage today. Simply fill in the e-form application online and our specialist will call you to assist you with the application process. |
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| Give us a Call 800 244 9999: |
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| 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. |
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| Visit the Branch: |
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| Visit our nearest branch and our Customer Service Representative will answer all your questions and assist you with the application process. |
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