Individuals Sector
Real Estate
(Apartments, lands, offices and clinics)
The real estate sector is considered as one of the engines which drive the national economy, and needs innovative and unconventional sources of financing that cater to the needs of customers. Leasing is considered as an appropriate financing solution that allows customers to own properties instead of having to rent them.
Features
- Financing up to (100%) of the asset value.
- The asset itself serves as the primary guarantee for the financing.
- No salary transfers needed.
- Installments are in line with the lessee’s monthly income.
- The leasing period is commensurate with the nature of the asset, and may reach up to (30) years.
- Competitive leasing rate.
- It is possible to sell the property during or after the end of the contract period without having to pay any transfer of ownership fees (in special circumstances).
- High degree of flexibility when it comes to installments, whereby monthly installments may be reduced, with an extra amount added for settlement at the end of the contract period, should the lessee wish to do so.
- It is possible to use the variable installment method in a manner that is in line with the lessee’s income.
- High degree of flexibility and fast procedures.
*Terms & conditions apply.
Corporate Sector
Real Estate
(Residential projects and commercial complexes)
Financial leasing offers financing services that are appropriate for real estate developers. Financial leasing also allows real estate developers and purchasers to save on transfer of ownership fees, in addition to the high degree of flexibility of procedures and mechanisms related to cash disbursements for projects.
Features
- Financing that is in line with the purpose of the project.
- The Leasing period is in line with the expected amount of time for erecting and marketing the project.
- Competitive leasing rate.
- The asset itself is the primary guarantee for the financing.
- Financing a portion of the land to be purchased and the construction works.
- It is possible to transfer ownership to the buyer, thus allowing the lessee to save up on transfer of ownership fees.
- Easy and clear procedures during the various phases of construction related to cash disbursements for the project.
- High degree of flexibility and fast procedures.
- Maintain the benefits granted to housing companies (exemptions for property transfer fees).
- Special services offered to buyers from our housing projects (preferential lease rate, easy procedures, exemptions from property ownership transfer fees).
*Terms & conditions apply.
