Once again, Bank AlJazira (BAJ) is present in Cityscape Jeddah 2013 at Jeddah Centre for Forums & Events, which opened yesterday and continues till Monday (March 4).
BAJ is presenting a range of special offers to reward its visitors during the exhibition, which comes among its bouquet of innovative real estate finance solutions that suit all customer segments and needs.
Khaled Al-Othman, SVP and head of retail banking group at Bank AlJazira stated that the bank’s participation in this exhibition comes as part of its contribution in supporting the real estate sector in the Kingdom and to play an active role in financing the different segments of Saudi citizens for residential or real estate investment.
Al-Othman also mentioned that BAJ will focus through this exhibition on the real estate programs that mean the most to the visitors of Cityscape. These programs include the Investment Real Estate Finance Program, which enables customers to buy an apartment building, commercial or shopping center or apartment complex with high flexibility in repayment of up to 15 years at a very competitive margin without the need of a guarantor and with possibility of payment from the real estate earnings or any other sources of income.
Additionally, the bank offers the Financing Against Real Estate Collateral Program, which is specially designed to suit the need for expansion for those who already own real estate properties by enabling them to get the required finance to build or buy another property using their existing ones as collateral.
Also, BAJ offers Baity, described as the housing finance solution in fully compatible form with Shariah guidelines, which comes with the theme “Use your rent to own your home.”
The program has many features ranging from a very competitive margin to a large amount of funding, which can reach up to SR 5 million. To compliment this, BAJ also grants a long installment period that can reach up to 30 years, with an exemption from the rest of the premium in the event of death or total disability.
