Up to 5% discount on Kaheel off-plan units at AlRajhi Bank

Project Kaheel is one of the developments of Mohammad Al Habib Real Estate. You can acquire a residential unit through the off plan sale product, which the bank offers as a financing solution. This option is available to both beneficiaries of the housing support programs and non beneficiaries who wish to own a residential unit. -Financing Amount: The loan amount approved for the client and recorded in the budget. -Maturity (Due Date): The contractual maturity date for the financing product, i.e., the final payment date when the principal and all accrued profits are fully repaid. -Monthly Installment Amount: The amount the client must pay to the bank or financing company each month until the loan is fully settled. -Market Value of the Property: The price negotiated between a serious buyer and a serious seller in a fair, transparent transaction, after meeting the banks’ appraisal criteria. It cannot be the listing price or the amount of the most recent offer. -Loan to Value Ratio (LTV): The percentage of the loan amount relative to the property’s market value, as determined by the bank or financing company. -Repayment Type: Either profit only repayment or a combination of principal and profit, or another agreed method. -Early Repayment Fee: A fee the client must pay to the financing entity if the loan is repaid early, before the scheduled maturity date. How to Apply -Visit the nearest branch. -Call us at 800 124 1222. -Contact the bank’s representatives at the project’s sales centre.