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Asala Residence

Own your house now in Al Malqa project or Al Jazira Project or Al Lulu, with special profit margin in the real estate financing products products provided by Riyad Bank

 

  • A financing amount of up to SAR 5 million
  • Special profit margin
  • Flexible payment plans
  • Compliant with the provisions of Islamic law
  • Credit Counseling
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More Information 

  • Developer name: Asala Residence

  • Project name: Al Malqa project - Al Jazira Project - Al Lulu

  • City: Riyadh - Jeddah

  • Distract: Al Malqa  - Al Jazira - Al Lulu

Features:

 
  • A financing up to SAR 5 million

  • The possibility of solidarity of the primary customer with 2 first-degree relatives

  • The possibility of obtaining more than one financing at the same time, according to the financial solvency

  • Possibility to add/remove solidarity

  • Possibility of early payment / replacement with another customer / sale to a third party

  • Cooperative insurance against all risks

  • Exemption in the event of death or total disability, and assignment of the property in favor of the heirs directly according to the standards of insurance coverage

  • Credit Counseling

  • The possibility of calculating the amount of financing to the age of 77 years for the government and private sector, and the age of 75 years for the military sector

    To view the disclosure of the annual percentage rate for the real estate financing product, click here

 

 
  • Only for Saudis

  • To work for an entity listed within the entities accredited by the bank (government sectors, civil or military, approved or unaccredited private, bankers, retirees)

    The minimum salary is as follows:

  • The minimum salary is as follows:
  • Basic customer: SAR 5,000
  • Non-accredited entities: SAR 8,000
  • Bank employees: SAR 8,000
  • Pensioners: SAR 3,000
 
  • Solidarity includes the following:

  • Solidarity includes the following:
  • The joint customer is a first-degree relative: husband, wife, brother, sister, and children
  • Maximum limit for associates (basic customer + 2 associates)
  • Deduction from both clients according to the percentage of participation
 
  • Salary transfer and receipt is required for all customers (except for bank employees).

Terms and conditions apply

Al Malqa project 
Al Jazira Project 
Al Lulu Project

 visit  Riyad Bank branch with the following documents:

  • A copy of ID

  • Fill mortgage request form

  • Fill the customer declaration form

  • Fill the health declaration form

  • A salary identification certificate stating the start date of the job

  • Bank account statement

  • Deposit the evaluation fee

Callback SendEnquiry Portlet

Apply Online 

.
Please complete the form below

Type Four Apply Now

Thank you for applying. Your Reference Number is

A representative from Riyad Bank will contact you to complete your request.
Keeping in mind that a current account is required to obtain any product or service from Riyad bank, if you do not have one yet, you can open an account from here

Our apologies. With the provided information, you are not eligible for a home loan
Employment Eligibility Personal Information

Monthly installment

SAR

Profit Added

 SAR

Total Eligible Amount

 SAR

Total Repay

 SAR

Down Payment

 SAR

VAT (15%)

 SAR

Finance Period (in Years)

 Years

Admin Fees

 SAR

Loan To Value Ratio

 

Annual Percentage Rate

 

* All amounts are in SAR
* Please note that these are simulated amounts and they represent an approximation and not the exact numbers.
* For early settlement, financing contracts terms & conditions will be applied
What's after applying online?

Visit your nearest Riyad Bank branch with the following documents:

  • Copy of valid Saudi national ID
  • Completed application form for Home Finance
  • Completed applicant undertaking form
  • Completed applicant health declaration
  • Salary certificate with salary details
  • Bank statement
  • Deposit of valuation fees

For more information please call our toll free number 800-124-2020

The calculations allow you to only simulate approximate loan amounts and estimated monthly repayments. For exact figures please contact us on: 800-124-2020, or visit any of our branches here.

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