Skip to main content
Back Custom print Text Only Rich Text Print / Save as PDF
Download Original PDF

  • Third: Annexes

    • Annex A

      [Financing Entity Logo]

      Real Estate Financing Offer Disclosure Form for Individuals

      Client Information

      Client Name Offer Submission Date 
      National ID or Resident ID Offer Expiry Date 
      Mobile Number Reference Number (File Number) 
      Total Monthly Income

      ......... (SAR)

      		Net Available Monthly Income

      ....... (SAR)

      Total Debt-to-Income Ratio (Before Financing)

      ....... (%)

      		Total Debt-to-Income Ratio (With Financing)

      ....... (%)

      Financing Information

      Financing Amount

      ......... (SAR)

      		Financing Type (Ijarah / Murabaha / Istisna / ...Other)

      …………….

      ‎(+) Profit Amount

      ......... (SAR)

      		Annual Percentage Rate (APR)

      ....... (%)

      Property Evaluation Fee

      ......... (SAR)

      		Down Payment Amount

      ......... (SAR)

      Insurance*

      ......... (SAR)

      		Contract Term

      ..... (Month)

      Any Other Fees or Costs*

      ......... (SAR)

      		Number of Installments

      ...... (Installment)

      Administrative Fees

      ......... (SAR)

      		Monthly Payment Amount (Installment/Rent)

      ......... (SAR)

      (=) Total Amount Payable

      ......... (SAR)

      		Type of Profit Rate (Fixed/Variable)

      …………….

      Variable Profit Rate* :.....(%)

      Fixed Portion: ..... (%)

      Variable Portion:..... (%)

      		Fixed Profit Rate*

      ....... (%)

      Minimum Monthly Payment Amount Throughout the Contract Term*

      ......... (SAR)

      		First Period Duration*

      ..... (Month)

      Maximum Monthly Payment Amount Throughout the Contract Term*

      ......... (SAR)

      		Date of First Recalculation of Contract Value/Payments* 
      "Client's Signature Acknowledging Understanding of the Difference Between Fixed and Variable Profit Rates"Final Installment Amount*

      ......... (SAR)

       Additional Notes

      …………….

      Key Property Details

      Property Type (Apartment / Villa / Land...) Property Value 
      City Neighborhood 
      Title Deed Number Title Deed Issue Date 
      Title Deed Issuing Authority Property Number 
      Land Area Building Area* 
      Property Readiness for Occupancy* Number of Rooms* 
      Property Age Developer's Warranty Period* 
      Note: Reviewing this form does not replace reading the entire contents of the financing contract and its attachments, and does not exempt from the obligations stated therein.
       

      Client's signature acknowledging receipt and confirming that the credit advisor answered all of their questions

      (Signature is not required to approve the financing contract)

      Signature and seal of the Authorized Person of the Financing Authority

      (Signature is required for financing according to the above data unless misleading information is found or there is a change in the client's circumstances)

      *The phrase (not applicable) should be inserted if the relevant clause does not apply to the financing contract.

      (Financing entity information and contact details)

    • Annex B

      Acknowledgment of Acceptance of Credit Risks for Real Estate Financing with Variable Term Costs
       

      I, [Client’s Full Name Written by Hand], acknowledge that I have applied to [Lender’s Name Printed] (the Lender) for real estate financing in the form of [Real Estate Financing Type], and that the Lender has provided me with a comprehensive explanation of [Real Estate Financing Type], including the terms and conditions of this financing contract, the risks associated with [Real Estate Financing Type], and has answered all my inquiries, specifically:   
       1-The Lender explained that the term cost associated with [Real Estate Financing Type] is variable, which means it may increase or decrease during the contract period. The agreed-upon installment may rise or fall, and the Lender provided examples showing that the installment amount could significantly increase (e.g., the agreed installment in the contract: 3500 SAR, could become 5500 SAR or 7500 SAR). The Lender explained the mechanism for recalculating the term cost concerning the reference rate and the dates for recalculating the term cost.   
       2-I reviewed a disclosure form for the real estate financing offer detailing the term cost associated with [Real Estate Financing Type], the minimum monthly installment amount throughout the contract duration, and the maximum possible monthly installment amount.   
       3-The Lender provided me with the real estate financing offer, which included clear copies containing all data from the real estate financing contract, its attachments, the disclosure form for the real estate financing offer, and this acknowledgment form. I took these documents to review them outside the Lender’s premises and to present them to anyone I choose for opinion and advice. The offer’s validity was not less than fifteen business days.   
       4-The Lender provided me with a credit advisor who contacted me and provided a [telephone/face-to-face] comprehensive explanation of [Real Estate Financing Type], including the terms and conditions of this financing contract, the risks associated with [Real Estate Financing Type], and answered all my inquiries.   
      After reviewing all details of the real estate financing offer and understanding them clearly, and after studying all my obligations and considering all future possibilities and the related burdens and commitments not previously undertaken before signing the contract, I hereby, of my own free will, accept the obligations arising from this type of real estate financing upon signing the contract and all its attachments.