4. What are the current package offered under Al Rajhi Home Financing? Margin Of Financing Up to 90% of OMV or SPA price, whichever is lower Financing Amount Minimum : RM25,000 and Maximum : RM2 Million (Min Property Value – RM70K) Tenure Up to a max of 35 years Type of Properties Link Houses/Semi-Detached/ Condominium/Apartment / Service Apartment Property Valuation Report Compulsory
5. What are the current package offered under Al Rajhi Home Financing? Property Tenor Freehold/Leasehold/MRL. For leasehold properties, the property tenor should not be less than 40 years at the end of the financing tenor Minimum Age 21 years and max of 65 years Takaful MRTT coverage Optional. However, financing on the Protection premium are available
6. What are the current profit rate offered under Al Rajhi Home Financing? Currently BFR at 6.75% TENURE UP TO 35 YEARS FLOAT RATE NON-FREE MOVING COST 5.05% @BFR -1.7% FREE MOVING COST 5.25% @ BFR -1.5%
7. What are allowable income (DSR) to apply for Al Rajhi Home Financing? Example: Income per month - RM10,000 Other installment - RM 5,000 This Home Application Installment - RM1,000 Total Commitment - RM6,000 As such- DSR is = RM10K / RM6K = 60% from total income Allowable DSR limit up to 80% of the income
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10. Where are the non-target locations under Al Rajhi Home Financing? Area City Project Bkt Beruntung & Bkt Sentosa Rawang ALL Bandar Tasik Puteri/ Bdr Country Homes / Taman Rawang Perdana Rawang ALL Taman Bukit Rawang Putra Rawang ALL Taman Sentosa Klang ALL Taman Kajang Utama Kajang ALL Bdr Universiti Teknologi Lagenda Mantin, NS ALL