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2 IN 1 FEATURE​

Is the amount of personal finance together with residential finance given to help you get cash for liquidity and a larger amount of the residential finance, as the maximum deduction percentage for both products not to exceed 60% of your monthly income.

Example 1 (Without subscription in “2 in 1 Feature”):

If the customer’s current salary is SAR. 10,000; and wants to get a residential finance and personal finance for liquidity.

The customer will obtain personal finance amounting SAR. 188,800 and residential finance amounting SAR 463,961.

Example 2 (With Subscription in “2 in 1 Feature”):

If the customer’s current salary is SAR. 10,000; and wants to get a residential finance and personal finance for liquidity.

Through participating in the 2 in 1 program, the customer will obtain personal finance amounting SAR. 188,800 and residential finance amounting SAR 1,035,550.

Examples of various salary segments reflecting how to benefit from 2 in 1 Feature in case the customer desire to obtain joined personal finance and residential finance:

​Customer’s Salary

​Personal Finance Amount (SAR)

​Residential Finance Amount (SAR)​​

​RF Tenure/year

​PF Installment for 5 years in SAR

​RF Installment for 5 years in  SAR

​RF Installment for the rest of the years in SAR

​5,000

​94,350

​474,700

​30

​1,650

​1,350

​2,500

​7,000

​132,000

​664,600

​30

​2,310

​1,890

​3,500

​8,000

​151,000

​771,300

​30

​2,640

​2,160

​4,000

​10,000

​188,800

​1,035,550

​30

​3,300

​2,700

​5,500

​12,000

​226,600

​1,242,600

​30

​3,960

​3,240

​6,600

​14,000

​264,400

​1,449,700

​30

​4,620

​3,780

​6,421

​15,000

​283,300

​1,682,300

​30

​4,950

​4,050

​9,000

​20,000

​377,700

​2,243,100

​30

​6,600

​5,400

​12,000


How to calculate installment of 2 in 1 Feature:

First period installments consist of two separate sections (one for personal finance and the other for residential finance):

  • Installment amount of Personal Finance lasts until the end of personal finance duration.

  • Installment amount of Residential Finance lasts until the payment of residential finance duration.​

Second period installments (the remaining period of residential finance):

Installment amount represents 55% of the monthly income and lasts until the end of the repayment period.​

Illustration Diagram of Feature 2 in 1 installment for a client with monthly income of 10,000 riyals​

Note:

  • The amount of personal finance can be paid over 5 years or less based on the customer’s choice and terms and conditions.

  • The amount of residential finance can be paid over 30 years or less based on the customer’s choice and terms and conditions.

  • In case of an existing personal finance, you can get a larger residential finance through subscribing in “2 in 1” Feature​.

  • The examples mentioned are non-binding and are used for illustrative purpose only where the amount of funding and installments vary according to the customer segment, his employer and financial solvency.​

* Terms and conditions apply

** Annual Percentage Rate 5.21% calculated on the amount of funding 590,000 Riyals for a period of 10 years, including management and assessment fees (1% of funding or 5000 Real value, whichever is less)

        Apply Now​​

Or visit the nearest branch of the National Commercial Bank 

Or call the toll-free number 8002441005​​​​​​​