As part of its participation in the Jeddah Cityscape 2015, Al Ahli Bank is showcasing several exceptional and unique financing solutions designed to suit all customers' needs in accordance with the provisions of Islamic Shari'a. The offers offered by the bank include immediate approval and competitive profit margin, in addition to other solutions and a full explanation for its customers about real estate financing.
On this occasion, Hamed Fayez, Head of Retail Banking Group at Ahli Bank, emphasized that the bank's participation in such events comes within the framework of its contribution to support the real estate sector in the Kingdom and play an active role in financing citizens' housing and real estate needs through a unique package of mortgage products and multiple benefits provided by the bank through experienced and trusted specialists.
. <Among the most prominent features of the National Bank's mortgage program is that it allows the customer to obtain a financing amount of up to SAR 7 million and a repayment period of up to 30 years with a competitive profit margin throughout the repayment period, and the program also offers takaful insurance in the event of death, total or permanent disability (God forbid), transfer the ownership of the property in the name of the legal heirs, and also provide takaful insurance on the property in the event of damage or collapse. The conditions for obtaining a mortgage include that the applicant must be a Saudi national with a minimum monthly income of SAR 3000, the minimum required period of service in the last job is one month, and the conditions also include that the applicant must be at least 20 years old.
