Ready Unit Product:
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.
|Early Payment Fees
|Variable or fixed profit margin
|Max Financing Amount
|Profits for the next three months
|Principal amount plus profit margin
| 25 Years
|*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.