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Features:
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No hidden charges No lock-in period No late payment charges No penalty for early settlement Fully lslamic and based on "KSA syariah compliance" Tenure up to 40 years @ age of 70, which ever is earlier CONTACTPERSON:-

ANWAR
FIRDAUg

079- 275 3146 / 076- 2gg 5g3g 079- 275 2572 / 072- 741 0925

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1) Rate: BFR

2.40% (whole tenure)

2) Zero Enfy Gost (ZEC) 3) Tenure is up to age of 70 yearc or 40 yeats financing tenure.

4) Total Gommitment Up lo 70% from total salary (calollation base on GGRIS

ONLY, deduction from payslip not included) 5) Maryin of finance (MOF): up b 90% 6)

U$h:

Optional (not compulsory)

1,

K zERo ENTRY cosr

Cost for loan documentation i.e. stamping fee, legal fee and documentialion is
bare by Al Rajhi Bank. ln other word, customers don't have to pay for it (bare by bank side) or take extra loan for loan agreement.

2.

NO LOCK.IN PERIOD / EXIT FEE

Customer can sell, refinance or make a full & final setflement on their financing with Al Rajhi Bank anytime they want without charging any penalty. Normally others bank / financial institution will lock customer for 5 years for not to

sell their property. lf customers intend to refinance or make a full &

disbursed.

final

settlement for the said facility, they will be charge up to 3% from the total amount

Another thing, customer need to pay extra 3%-5% if they intended to refinance or
make full & final settlement even the property is free from lock in period (5 years).

This is we call Exit Fee. For the above matter, it is stated in General Term & Gondition / Appendix, back page of the Letter of Offer from others banll

3,

NO LATE PAYMENT CHARGE

We don't have any charges for this matter. Compare to others bank, they will
be additional charge to customer at least
1o/o

on their monthly instalment if they

fail to serve the monthly instalment on due date.

4.

NO EVENT OF DEFAULT RATE

1

Normally if customer unable to serve the monthly instalment from any bank for

to 3 month, bank has the right to change the interest rate without informing the customer due to customer already signed the Letter of Offer. (This is stated in
General Term & Condition of LO). For example, let say current rate offered is BFR/BLR minus -2.40o/o and suddenly customer failed to serve the monthly installment for 1 to 3 month, bank suddenly will change the interest rate fiom
BFR/BLR -2.40%

b BLR plus +1.5% to plus +4% for the remaining balance of

their loan tenure with that bank. So the effect is monthly installment will be higher

than agreed before due to the interest rate already been change. With Al Rajhi Bank, we will not change the interest rate even customer failed to serve the
monthly installment. This is what we call NO DEFAULT RATE.

5.

NOT INVOLVE IN PROPERTY AUCTION

installment

ln case of customer cannot serye the monthly

at all or default the

monthly payment for more > than 6 month without informed bank their status or problem, Al-Rajhi Bank have the right to appointed their exclusive property agent

to sold the said property at the current market value. They will use the money to
cover back the remaining outstanding balance and the excess money from it will refund back to customer.