Land finance by Murabaha is a product that gives you the opportunity to own a land with the specifications you want.
Purchase by Murabaha means that the bank purchases the property at its actual value and sells it to the customer at a higher deferred value including profit margin.
To better serve you, kindly provide the following documents to complete your applications:
Example: Disclosure of the cost rates of a 15-year mortgage for the first home | |||||||
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Early payment Charge | Monthly Repayment Amount | Payment Type | Maturity Years | *APR | Fixed or Variable Rate | Loan to Value Ratio | Property Market Value |
3 Months Profit | 6,394 SAR | Principal and Profit | 15 years | 6.81% | Fixed Rate | 90% | 800,000 |
*Subject to terms and conditions.
**The administrative fees are 1% of the financing amount or SR 5,000 whichever is lower.
***Annual percentage rate (APR) starting from 4.86% including all fees and charges.