Document background
The Mortgage Loan Application Form is a fundamental document used in Saudi Arabia's real estate financing sector, designed to initiate the process of property financing under Islamic banking principles. This document serves as the primary tool for collecting comprehensive information from potential borrowers, enabling financial institutions to assess creditworthiness and compliance with Saudi Central Bank (SAMA) regulations. The form is structured to accommodate both residential and investment property purchases, incorporating necessary elements for Shariah compliance, consumer protection, and risk assessment. It is used when individuals seek financing for property acquisition and must be completed at the initial stage of the mortgage process, forming the basis for subsequent credit evaluation and financing approval.
