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Ready-made unit product is a product that is based on the concept of Murabaha or leasing, where the bank buys a property according to the customer's request and then sells it / lease it to the customer by monthly installments until the financing is fully paid.
Murabaha Home finance:
The bank will own the property and then sells it to the customer. The customer pays part of the price as a down payment while the remaining payments are paid to SAB by monthly installments over the financing period.
Example
| Murabaha |
|||||||
| Early payments fees | Monthly Installment* | Payment Method | Financing Period | APR* | Variable or fixed profit margin | Max Financing Amount | Property Value |
| Profits for the next three months | 3,030.00 | Principal amount plus profit margin | 25 Years | 6.78% | Fixed | 90% | 500,000 |
| *The annual percentage rate and the monthly installment may change based on the value of the financing, the financing period, and the profit margin currently approved by the bank | |||||||
Rates/prices presented are examples and they may vary depending on different factors such as the customer’s credit history and worthiness.
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Required Documents
Product specifications and features
Steps to get the product
Home Finance Calculator
How much you would like to borrow?
Instalment Amount :
SRMax Finance Amount
SR
%
Down Payment:SR
%
Profit:SR
Disclaimer: Please note that above is only an indicative calculation as the rates may differ.
Kindly visit the branch or call us on 800 124 8888 for more details.
Instalment Amount :
SR
Max Finance Amount
Down Payment:
Profit:
Disclaimer: Please note that above is only an indicative calculation as the rates may differ.
Kindly visit the branch or call us on 800 124 8888 for more details.
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