Original and Copy of Valid ID/Iqama, Sign the client's request for either Murabaha or Ijara financing, Employee Letter.

To be between 20 - 60 years old, To be a Saudi National, A minimum monthly income of SR 3,000, To have been continuously employed for a minimum of 1 month, 10% to 30% down payment for Depending on the customer's sector, credit status and type of property​, To transfer your salary to SNB.

Admin fees is 1% of the loan amount or SAR 5000 whichever less​, The finance amount is 90% of the property’s value in the first residential finance, either from SNB or any other finance banks or institutions, The finance amount is 70% of the property’s value if there is a previous residential finance, either from SNB or any other finance banks or institutions, All SNB Residential Finance solutions are Shariah compliant, Flexible finance options (Murabaha with fixed interest rate or Ijara with variable interest rate), Finance amount up to SR 7 Million, The option to have a residential finance with a personal finance through our 2 in 1 program, allowing flexible payments and a higher Residential, Finance amount​.

Take the first step towards owning your home with SNB residential finance products, Whether you're buying your first home or considering investing in a property, SNB has the right Residential Finance solution for you, Admin fees is 1% of the loan amount or SAR 5000 whichever less​, The finance amount is 90% of the property’s value in the first residential finance, either from SNB or any other finance banks or institutions, The finance amount is 70% of the property’s value if there is a previous residential finance, either from SNB or any other finance banks or institutions, All SNB Residential Finance solutions are Shariah compliant, Flexible finance options (Murabaha with fixed interest rate or Ijara with variable interest rate), Finance amount up to SR 7 Million, The option to have a residential finance with a personal finance through our 2 in 1 program, allowing flexible payments and a higher Residential, Finance amount​.

• Saudi Nationals. 

• The applicant must be employed by one of the Government/Semi Government or Private sectors 

• Minimum monthly salary of SAR 3,500. 

• Salary Transfer

Terms and Required documents

• A statement of salary transfer from employer ( in case financed with salary transfer)

• Monthly expense declaration form

• Valid ID

• Providing price quotation for the unit desired from one of the approved projects by alrajhi bank

• Salary certificate from employer

• Saudi nationality only

• Minimum age of 18

• Minimum service 3 months

• Salary starts from 7,000 for salary transfer and 10,000 for non-salary transfer

• Filling "financing" form

• Principle deferment for the first 36 Months for REDF customers

• Shariah compliant financing

• Financing period up to 30 years

• Quick and instant approvals

• Available for salary and Non-salary transferred customers

• Available for approved and un-approved employers

• Flexible installment feature

• Financing up to the age of 70

• Competitive and fixed profit margin throughout the financing period

• Financing amount up to SAR 5 Million

• Waiver/exemption of outstanding finance amount in the event of death or disability”

• Co- Borrower concept only for Non REDF customers

* Employment Certificate

* Account statement for the last 3 months

* National address or employee card

* Family Card

* National Identity

* Electronic certificate from the Public Pension Agency

* Electronic certificate from the General Organization for Social Insurance

* A copy of the owner's ID

* Certificate of ownership of the property (Kraoke)

* A copy of the building permit

* A recent copy of the utility bill (electricity, water, communications)

* A copy of the unit sale offer

* Applicants should be Saudi nationals 

* Applicant’s age at the time of finance should not be less than 21 * years and not exceed 68 years of age upon expiry of the finance period 

* Applicants should be employed for a minimum 3 months with their current employer 

* Minimum basic salary SAR 3,500 

* Salary should be assigned/transferred to meem 

* The property must be situated in the Kingdom of Saudi Arabia

* 100% integrated digital journey, including electronic title deed transfer

Real estate financing based on the principle of Murabaha

* Flexible installment plans of up to 35 years to suit your needs

* Financing up to 5 million riyals

* Competitive profit margin rates plus an annual percentage rate starting from only 4.68%

*Administrative fee 1% or 5,000 SAR (whichever is lower)

* Live with complete peace of mind with insurance coverage provided by meem digital banking

* Insurance that covers the risks that the property may be exposed to from accidental damage or destruction

* Free credit advisory services during the application journey to help you make an informed and effective decision for you!

Standard SAIB loan administration fees. (1% of the finance amount up to a maximum SAR 5000) will apply. 

Service period: 

For Government Sector: 1 months with current employer 

For Private Sector: 3 months with current employer 

Minimum Property size = 80 square meter 

Kindly note that all finance facilities are subject to SAIB credit approval and SIMAH (Saudi Credit Bureau) verification. 

• Be a Saudi Citizen 

• Be at least 20 years of age. 

• Maximum age (as at maturity of the Finance) of 70, Considering the retirement age of the military personnel 

• Work for an employer included in the Bank’s approved list. 

• For joint finance, both the borrower and co-borrower must assign salary to an account with The Saudi Investment Bank 

• The customer must have a salary account at The Saudi Investment Banka

ALASALAH Murabaha Home Finance is an Islamic home financing product approved by SAIB’s Shariah Committee. The Murabaha is a contract wherein the bank buys the property, based on your request and subject to a monthly payment plan and a fixed profit rate for the whole financing period. The Bank will release mortgage on the property once all monthly payments have been paid.

Al ASALAH home finance is available for completed (Villas, Apartments, Doplex) and land (ready for occupancy) and lands within urban areas only.

Finance duration: 5:30 Years

Finance amount: 250000 SAR : 7000000 SAR

Completed Properties

Finance available for completed properties (Villas, apartments, Duplex) and land.

Sponsor

Guarantor not required.

Down Payment

Minimum down payment 10% For the first property purchase price or 30% for the second property or more.

WooW Points

WooW points which you can redeem against various unique gifts, gift cards, travel miles, cash and much more from WooW e-catalog

Takaful Life Insurance

Free Takaful life insurance coverage against death or permanent disability without any medical test for finance up to SR 2,500,000.

Administration Fee: 1% of finance amount or SAR 5,000 (whichever is less) 

Service period

Government Sector: 3 Months and private Sector: 12 Months 

• Valid ID Copy. 

• Fill required forms by the Bank. 

• Salary assignment letter to The Saudi Investment Bank. 

• Introduction letter from employer which includes salary, allowance details, and date of joining. 

• Other documentation will be required in regards to the property (Varies based on the property type) 

• For more information please call our toll free number at 800 124 8000.

• For Saudi nationals only 

• Age: Minimum is 23 years, Maximum (at maturity) is 70 years 

• Salary Account with The Saudi Investment Bank

A product that enables the customer who owns a property (Villa – Apartment – Land) to obtain financial liquidity against the property and pledge the property as collateral to The Saudi Investment Bank with easy repayment options. 

• No down payment required. The property value will be considered as a down payment. 

• Finance Amount: SAR 350,000 – SAR 7,000,000 .

• Payment Period: 60 – 360 months. 

• End-to-End digital application (through mobile application). 

• Shari’ah compliant (based on Murabaha). 

• WooW points. 

• Free Takaful Life Insurance coverage against death or permanent disability – God Forbid. 

• Free Takaful Home Insurance coverage against disasters, such as fires, floods, storms, earthquakes, and others that arise to such damage.

The customer must be at least 20 years old. 

Open a current account if he does not have one. 

The customer's monthly net income shall not be less than SAR 5,000.

To better serve you, kindly provide the following documents to complete your applications:

A copy of the title deed.

A copy of the construction permit + construction completion certificate in case there is no electricity service (not including land and under construction property).

Fill in and sign the seller’s offer form by the property owner.

A copy of a valid ID of the seller.

Location sketch of the property.

Fill in and sign a mortgage application.

A detailed salary certificate mentioning the allowances (if any).

A copy of a valid ID.

pay slip of the last three months if the customer works for a semi- government or private sector.

Account statement for the last three months indicating the receipt of the salary.

The customer must be at least 20 years old.

Ready-to-move-in property is a product designed for customers willing to obtain finance to purchase a ready-to-move-in property. 

Murabaha meaning: 

Purchasing by Murabaha means that the bank purchases the property at its actual value and sells it to the customer at a higher deferred value including profit margin. 

This product is available for all creditworthy customers and customers who are supported by Real Estate Development Fund and Ministry of Housing.

Product approved by the Shariah Committee in the form of Murabaha. 

Financing with a competitive and fixed profit rate for the whole term. 

Choosing any type of property: villa/ duplex/ townhouse/ apartment building. 

Financing term up to 25 years. 

Financing amount up to SR 5 million. 

Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension. 

Step up payments as per Customer Obligations – advanced finance (2 in 1) 

Exemption from remaining repayments in case of death or permanent disability.

• For Saudis only.

• Minimum monthly salary of SAR 5,000.

• For government, semi-government and private sectors, as well as other bank employees.

• Salary transfer is a must (excluding other bank employees).

• Copy of valid Saudi national ID.

• Completed application form for Home Finance.

• Completed applicant undertaking form.

• Completed applicant health declaration.

• Salary certificate with salary details.

• Bank statement.

• Deposit of valuation fees.

• Financing amount up to SAR 5 million

• Possibility of joint finance between the primary applicant + 3 first degree relatives

• Possibility of having more than one finance

• Ability to add/cancel joint applicants

• Possibility of early settlement / transfer ownership (Ihlal)/selling to a third party

• Cooperative insurance against all risks

• Exemption in case of death or permanent disability and transfer of ownership of the property to the heirs in accordance with the insurance coverage

• The possibility to calculate the financing amount to 77 years for the Governmental and Private sector, and 75 years to the Military sector

• Shari’a compliant.

• Competitive profit margin rates.

• Flexible payment plan.

• Sending the authorized evaluator within the same day.

• Ability to fund before Salary depositing.

• For Saudis only.

• Minimum monthly salary of SAR 5,000.

• For government, semi-government and private sectors, as well as other bank employees.

• Salary transfer is a must (excluding other bank employees).

• Copy of valid Saudi national ID

• Completed application form for Home Finance

• Completed applicant undertaking form

• Completed applicant health declaration

• Salary certificate with salary details

• Bank statement

• Deposit of valuation fees

• Financing amount up to SAR 5 million

• Possibility of joint finance between the primary applicant + 3 first degree relatives

• Possibility of having more than one finance

• Ability to add/cancel joint applicants

• Possibility of early settlement / transfer ownership (Ihlal)/selling to a third party

• Cooperative insurance against all risks

• Exemption in case of death or permanent disability and transfer of ownership of the property to the heirs in accordance with the insurance coverage

• The possibility to calculate the financing amount to 77 years for the Governmental and Private sector, and 75 years to the Military sector

• Shari’a compliant

• Competitive profit margin rates

• Flexible payment plan

• Sending the authorized evaluator within the same day

• Ability to fund before Salary depositing

• Copy of valid Saudi national ID

• Completed application form for Home Finance

• Completed applicant undertaking form

• Completed applicant health declaration

• Financing amount up to SAR 5 million.

• Possibility of having more than one finance.

• Possibility of early settlement.

• Cooperative insurance against all risks.

• Shari’a compliant.

• Competitive profit margin rates.

• Flexible payment plan.

• Sending the authorized evaluator within the same day.

• Available for Saudi citizens only.

• The customer must be on the lists of the Ministry of Housing or the Real Estate Development Fund.

• Minimum net salary of 3000 SAR *according to terms and conditions

• Available to workers in the governmental, semi-governmental and private sectors approved within the financing programs.

• Agreeing with the bank's credit policies and terms.

• The property is complete.

• The possibility of calculating the support as an additional allowance to increase the amount of financing.

• Flexible Installment Possibility.

• A definition of the salary that mentions the date of starting work on the job.

• bank statement.

• Family Card.

• A copy of the real estate deed.

• A copy of the building permit.

• The repayment period is up to 20 years

• Financing the beneficiaries of housing support

• Cooperative insurance against all risks

• Exemption in the event of death or total disability, God forbid, and assignment of the property directly to the heirs according to the insurance coverage criteria

• Shari’a compliant

• Competitive profit margin rates

• Flexible payment plan

• Sending the authorized evaluator within the same day

• Ability to fund before Salary depositing

• Available for Saudi citizens only.

• The client must be on the lists of the Ministry of Housing or the Real Estate Development Fund.

• The minimum net salary is 3000 riyals* as per the terms and conditions.

• For workers in the governmental, semi-governmental and private sectors approved within the financing programs.

• Complies with the terms and credit policies of the bank.

• The possibility of calculating the support as an additional allowance to increase the amount of financing.

• Flexible Installment Possibility.

• A definition of the salary that mentions the date of starting work on the job.

• Bank statement.

• Family Card.

• A copy of the real estate deed.

• A copy of the building permit.

• A copy of the property owner's ID.

• Financing the value of the building permit

• The possibility of financing all regions of the Kingdom

• In the event that the customer builds from his own account, Riyad Bank will compensate him for the amounts that were paid in addition to the remaining amount to complete the construction.

• Available to clients benefiting from the Real Estate Development Fund support and clients who do not benefit from the housing support initiative.

• The possibility of applying the flexible installment feature to reduce the monthly deduction of the client after retirement in proportion to his new monthly income upon retirement

• The possibility of financing the customer up to the age of 77 years

• Financing the beneficiaries of housing support

• Cooperative insurance against all risks

• Exemption in the event of death or total disability (God forbid) and assignment of the property directly to the heirs according to the terms and conditions. The client is also compensated if the house is damaged, God forbid, and that is also according to the terms and conditions.

• Competitive profit margin

• Financing the value of the building permit

• The possibility of financing the customer up to the age of 77 years

• Financing all regions of the Kingdom

• Financing amount up to 5 million

• Flexible Payment Plans

• Available to clients benefiting from the Real Estate Development Fund support and clients who do not benefit from the housing support initiative.

• Sharia compliant

**The administrative fees are 1% of the financing amount or SR 5,000 whichever is lower. 

***Annual percentage rate (APR) starting from 4.86% including all fees and charges. 

The customer must be at least 20 years old. 

Open a current account if he does not have one. 

The customer's monthly net income shall not be less than SAR 6,000.

A copy of the title deed. 

Fill in and sign the seller’s offer form by the property owner. 

A copy of a valid ID of the seller. 

Location sketch of the property. 

Fill in and sign a mortgage application. 

A detailed salary certificate mentioning the allowances (if any). 

A copy of a valid ID. 

pay slip of the last three months if the customer works for a semi- government or private sector. 

Account statement for the last three months indicating the receipt of the salary.

The customer must be at least 20 years old. 

Land finance by Murabaha is a product that gives you the opportunity to own a land with the specifications you want. 

Murabaha Principal : 

Purchase by Murabaha means that the bank purchases the property at its actual value and sells it to the customer at a higher deferred value including profit margin. 

Product approved by the Shariah Committee in the form of Murabaha. 

Financing with a competitive and fixed profit rate for the whole term. 

Possibility of funding up to the age of 75 years. 

Financing term up to 25 years. 

Financing amount up to SR 5 million. 

Step up payments as per Customer Obligations – advanced finance (2 in 1) 

Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension. 

Exemption from remaining repayments in case of death or permanent disability.

**The administrative fees are 1% of the financing amount or SR 5,000 whichever is lower.

***Annual percentage rate (APR) starting from 4.86% including all fees and charges.

The customer must be at least 20 years old. 

Open a current account if he does not have one. 

The customer's monthly net income shall not be less than SAR 6,000.

A copy of the title deed. 

A copy of the construction permit + construction completion certificate in case there is no electricity service (not including land and under construction property). 

Fill in and sign the seller’s offer form by the property owner. 

A copy of a valid ID of the seller. 

Location sketch of the property. 

Fill in and sign a mortgage application. 

A detailed salary certificate mentioning the allowances (if any). 

A copy of a valid ID. 

pay slip of the last three months if the customer works for a semi- government or private sector. 

Account statement for the last three months indicating the receipt of the salary.

The customer must be at least 20 years old. 

Under construction property is a product designed for customers who wish to obtain a finance to purchase under construction property. “All stages of structure’s construction have been completed”. 

Murabaha meaning: 

Purchasing by Murabaha means that the bank purchases the property at its actual value and sells it to the customer at a higher deferred value including profit margin. 

This product is available for all creditworthy customers who are not supported by Real Estate Development Fund and Ministry of Housing

Product approved by the Shariah Committee in the form of Murabaha. 

Financing with a competitive and fixed profit rate for the whole term. 

Choosing any type of property: villa/ duplex/ townhouse/ apartment building. 

Financing term up to 25 years. 

Financing amount up to SR 5 million. 

Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension. 

Step up payments as per Customer Obligations – advanced finance (2 in 1) 

Exemption from remaining repayments in case of death or permanent disability.

**The administrative fees are 1% of the financing amount or SR 5,000 whichever is lower.

***Annual percentage rate (APR) starting from 4.86% including all fees and charges.

The customer must be at least 20 years old. 

Open a current account if he does not have one. 

The customer's monthly net income shall not be less than SAR 5,000. 

A price offer from the developer. 

Fill in and sign a mortgage application. 

A detailed salary certificate mentioning the allowances (if any). 

A copy of a valid ID. 

Pay slip of the last three months if the customer works for a semi- government or private sector. 

Account statement for the last three months indicating the receipt of the salary.

The customer must be at least 20 years old.

This product allows buying a property under construction and receiving it after a specified period and at a reduced price. Off-plan sales projects are subject to supervision by ""Wafi"" * and target beneficiaries of the Ministry of Housing and the Real Estate Development Fund (REDF) only.

This product is available for all creditworthy customers and customers who are supported by Real Estate Development Fund and Ministry of Housing

Product approved by the Shariah Committee in the form of Istisnaa & Ijarah Mosofah Bthimah.

Financing with a competitive and fixed profit rate for the whole term.

Choosing any type of property: villa/ duplex/ townhouse.

Financing amount up to SR 5 million.

Financing term up to 25 years.

Financing to own the first home only.

Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension.

Exemption from remaining repayments in case of death or permanent disability.

**The administrative fees are 1% of the financing amount or SR 5,000 whichever is lower.

***Annual percentage rate (APR) starting from 4.86% including all fees and charges.

The customer must be at least 20 years old. 

Open a current account if he does not have one. 

The customer's monthly net income shall not be less than SAR 5,000. 

Transferring Salary through SARIE.

A copy of the title deed.

A copy of the construction permit.

A copy of a valid ID of the seller.

Location sketch of the property.

Fill in and sign a mortgage application.

A copy of a valid ID.

A detailed salary certificate mentioning the allowances (if any).

pay slip of the last three months if the customer works for a semi- government or private sector.

Account statement for the last three months indicating the receipt of the salary.

The customer must be at least 20 years old.

This product gives you the opportunity to obtain cash in return of mortgaging your property. 

Tawarruq meaning: 

Purchasing by Tawarruq means that the bank owns metals purchased from London Metal Exchange and then sells them to the customer at a fixed annual rate. After buying metals from the bank, the customer will immediately authorize the treasury department to sell these metals on his behalf by signing a power of attorney to obtain cash. 

This product is available for all creditworthy customers and customers who are supported by Real Estate Development Fund and Ministry of Housing

Product approved by the Shariah Committee in the form of Tawarruq. 

Financing with a fixed profit rate for the whole term. 

Choosing any type of property to mortgage it: villa/ duplex/ townhouse/ apartment building “shall be owned by the customer and not be mortgaged to another party”. 

No need for down payment. 

The property will be mortgaged by the finance amount only and remain under the customer’s name. 

Possibility of funding up to the age of 75 years. 

Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension. 

Exemption from remaining repayments in case of death or permanent disability. 

The mechanism of home finance program 

The program subsidy is given to the beneficiary after obtaining real estate financing from participating banks and financing companies. 

The Fund provides a monthly subsidy amount that covers financing profits at a rate ranging between 35% as a minimum and 100% as a maximum, according to the support matrix, and the amount is transferred to the beneficiary's account directly after paying the monthly installment due from the financing authority.

ID card

The Fund provides a monthly subsidy amount that covers financing profits at a rate ranging between 35% as a minimum and 100% as a maximum, according to the support matrix, and the amount is transferred to the beneficiary's account directly after paying the monthly installment due from the financing authority. 

The home finance program is a profit-backed housing finance program by the Real Estate Development Fund for an amount up to 500,000 Saudi riyals, and it is compatible with the provisions of Islamic Sharia. This program is provided to the beneficiaries of the Real Estate Development Fund and the Ministry of Housing.

Choices of home finance program available at BSF:

Purchasing ready-unit

Financing self-construction house

Purchasing residential unit under construction

Land and loan financing

A mortgage

*Annual percentage rate (APR) for Ria’ayah starting from 3.71% including all fees and charges 

*Annual percentage rate (APR) for Ria’ayah starting from 3.71% including all fees and charges 

A copy of a valid ID. 

A detailed salary certificate mentioning the allowances (if any). 

pay slip of the last three months if the customer works for a semi- government or private sector. 

Account statement for the last three months indicating the receipt of the salary.

The customer must be at least 20 years old.

It is a Ria'ayah program provided to companies sponsored in cooperation with BSF, which will allow companies to sponsor their employees to obtain a real-estate finance from BSF, with competitive interest rates. 

It is a Ria'ayah program provided to companies sponsored in cooperation with BSF, which will allow companies to sponsor their employees to obtain a real-estate finance from BSF, with competitive interest rates. 

Financing up to 85% of Property Value 

Financing up to SR 8,000,000 

6 months deferral for the first repayment of the finance 

A competitive profit rate.* 

Ability to obtain Joint Finance with first degree relatives to obtain higher finance amount 

Financing to buy house or land is possible 

Takaful (life insurance) in case of death or total disability (God forbid). 

Property insurance coverage against Fire & natural disasters throughout the finance period 

Finance is also possible for self employed 

Ability to transfer existing finance from other institutions

Islamic Finance, Finance for Nationals, Finance for Saudi Nationals

Financing up to 20,000,000 Saudi riyals depending on client's financial net worth 

Finance tenure up to 20 years 

A very competitive profit margin, either fixed or flexible depending on the client's choice* 

Multiple sources of income are considered, including the financed property’s income 

The Possibility of finance against property income only 

Allow the client to manage the property and improve the generated income 

Settlement can be based on monthly, quarterly, semiannually and annually instalment depending on client's income 

Takaful (life insurance) and exemption from payment of the remaining amount in case of death or total disability (God forbid) 

Property insurance coverage against Fire & natural disasters throughout the finance period

Financing up to 20,000,000 Saudi riyals depending on client's financial net worth 

Finance tenure up to 20 years 

A very competitive profit margin, either fixed or flexible depending on the client's choice* 

Multiple sources of income are considered, including the financed property’s income 

The Possibility of finance against property's income only 

Allow the client to manage the property and improve the generated income 

Settlement can be based on monthly, quarterly, semiannually and annually instalment depending on client's income 

Takaful (life insurance) and exemption from payment of the remaining amount in case of death or total disability (God forbid) 

Property and damage insurance coverage included throughout the finance period

Ability to reduce your current instalments 

A competitive profit rate 

Finance up to 90% of Property Value 

Financing up to SR 8,000,000 

Residential and Commercial properties are included 

Finance tenure up to 30 years 

Takaful (life insurance) coverage in case of death or total disability (God forbid) 

Property insurance coverage against Fire & natural disasters throughout the finance period 

Free for life Credit Card

Fnancing up to 85% of Property Value 

6 months deferral for the first repayment of the finance 

Financing up to SR 5,000,000 

A competitive profit rate,* 

Ability to obtain Joint Finance with first degree relatives to obtain higher finance amount 

Finance to buy a house or land is possible 

Takaful (life insurance) in case of death or total disability (God forbid). 

Property and damage insurance coverage included throughout the finance period 

Ability to transfer existing liability from other financing institutions 

Possibility of obtaining Personal Finance or Financial lease at the same time.

Islamic Finance, Sharia Compliant, No Salary Transfer

• Salary introduction letter(Pay Slip Letter)

• Salary Transfer Letter

• Identification card

• Mortgage application form

• The sale contract

• Full Medical questionnaire if the amount above 3,000,000

• Approved by the Sharia Board as Murabaha form.

• Flexible, increasing installments consistent with the customer's obligations.

• Purchase of existing indebtedness.

• A financing amount of up to SAR 7 million, and no less than SAR150,000.

• Exemption from paying the remaining of the financing amount in case of death or total disability.

• Administrative fees 1% of the value of the financing or SAR5000, whichever is lower, excluding VAT

• Minimum Salary starting from 3500 SR.

• Choosing the desired property whether (Villa, Duplex, Apartment)

• 10% advance payment for the owners of the first home and 30% for others.

• Property age can go until 35 years at the finance end, and 40 years if the land value is 40% of the total property value.

• Home Financing may be obtained for a period of not less than two years and not more than 30 years

• Fixed installments and customary profits throughout the financing period for Murabaha financing applications

• Step up payments as per customer obligations. Allow customer to obtain 2in 1 products.

• Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension

• Combo gives the customer ability to obtain personal and home finance in case the client approaches retirement age

• Fixed installments throughout the financing period

• Fixed and agreed upon profits throughout the financing period

• Transferring the ownership of the property directly to the customer and mortgaging it to the bank.

• Salary introduction letter(Pay Slip Letter)

• Salary Transfer Letter

• Identification card

• Mortgage application form

• The sale contract

• Medical questionnaire

• Full Medical questionnaire if the amount above 3,000,000.

• Fixed installments during the finance period

• Fixed profits during the finance period

• Transferring the ownership of the property to the customer and mortgaging it to the bank

• Approved by the Sharia Board as Murabaha.

• Easy installments that fit the customer’s obligations

• Purchase of existing indebtedness.

• Maximum financing amount SAR 3 million, and no less than SAR150,000.

• Exemption from paying the remaining of the financing amount in the event of death or total disability.

• Administrative fees 1% of the value of the financing or SAR5000, whichever is lower, excluding VAT

• Minimum salary starting from SAR 3,500.

• Advance payment of at least 30% of the value of the land.

• Financing period of up to 20 years and not less than two years.

• Home financing may be obtained for a period of not less than two years and not more than 30 years

• Fixed installments and customary profits throughout the financing period for Murabaha financing applications

• Step up payments as per customer obligations. Allow customer to obtain 2 in 1 products.

• Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension

• Combo gives the customer ability to obtain personal and home finance in case the client approaches retirement age..

• Salary introduction letter(Pay Slip Letter)

• Salary Transfer Letter

• Identification card

• Mortgage application form

• The sale contract

• Medical questionnaire

• Full Medical questionnaire if the amount above 3,000,000.

• Approved by Sharia Board as Tawarruq form

• Up to 90% of the property value can be financed.

• Financing amount up to SAR 5 Million and no less SAR150,000.

• Administrative fees 1% of the value of the financing or SAR5000, whichever is lower, excluding VAT

• Minimum Salary starting from SAR 3500

• Choosing to construct land/ incomplete property

• A waiver on payment of finance amount remained in case of death or permanent disability –god forbid-.

• Fixed installments and generally accepted profits during the financing period

• Finance period up to 30 years

• Step up payments as per customer obligations. Allow customer to obtain 2in 1 products.

• Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension

• Combo gives the customer ability to obtain personal and home finance in case the client approaches retirement age.

• Salary introduction letter

• Salary Transfer Letter

• Identification card

• Mortgage application form

• Medical questionnaire

• Full Medical questionnaire if the amount above 3,000,000

• Approved by Sharia Board as Murabaha

• Easy installments that fit the customer’s obligations

• Purchase of existing indebtedness.

• Financing amount up to SAR 7 Million and no less than SAR150,000.

• A waiver on payment of finance amount remained in case of death or permanent disability –god forbid-.

• Administrative fee 1% of the value of the financing or SAR5000, whichever is lower, excluding VAT.

• Minimum Salary starting from SAR3500.

• Choosing the desired property whether (Villa, Duplex, Town house Apartment).

• An advance payment 10% for first residence owners and 30% for others.

• Properties can be financed until the age of 35 at the end of financing, and can be till 40 years if the value of the land is equivalent to 40% of the property value.

• Finance can be obtained for up to 30 years and no less than two years.

• 90% of first property value can be financed and 70% of else.

• Step up payments as per customer obligations. Allow customer to obtain 2in 1 products.

• Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension

• Combo gives the customer ability to obtain personal and home finance in case the client approaches retirement age.

• Salary introduction letter

• Salary Transfer Letter

• Identification card

• Mortgage application form

• Medical questionnaire

• Full Medical questionnaire if the amount above 3,000,000

• Fixed installments during the finance period

• Fixed profits during the finance period

• Mortgage the property to the bank

• Approved by Sharia Board under Tawarruq form.

• A waiver on payment of finance amount remained in case of death or permanent disability –god forbid-.

• Financing amount of 5 Million SR and no less than 150,000 SR

• Administrative fee 1% of the value of the financing or SAR5000, whichever is lower, excluding VAT

• Minimum Salary starting from 3500 SR.

• There is no advance payment to receive the finance.

• Property age can go until 35 years at the finance end, and 40 years if the land value is 40% of the total property value.

• Fixed installments and generally accepted profits during the financing period for Tawarruq finance requests.

• 70% of property value can be financed

• Step up payments as per customer obligations. Allow customer to obtain 2in 1 products.

• Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension

• Combo gives the customer ability to obtain personal and home finance in case the client approaches retirement age.

• Salary introduction letter

• Salary Transfer Letter

• Identification card

• Mortgage application form

• Medical questionnaire

• Full Medical questionnaire if the amount above 3,000,000

• Fixed installments during the finance period

• Fixed profits during the finance period

• Mortgage the property to the bank

• Approved by Sharia Board as Murabaha

• Advance payment

• Flexible increasing installments according to the customer’s obligations

• Purchase outstanding indebtedness

• Financing amount up to SAR 7 Million and no less SAR150,000.

• Administrative fees 1% of the value of the financing or SAR5000, whichever is lower, excluding VAT.

• A waiver on payment of finance amount remained in case of death or permanent disability –god forbid-.

• Minimum Salary starting from SAR3500.

• Choosing the desired property whether (Villa, Duplex, Apartment)

• An advance payment 10% for first residence owners and 30% for others

• Property age can go until 35 years at the finance end, and 40 years if the land value is 40% of the total property value.

• Finance can be received for up to 25 years and no less than two years

• Fixed installments and generally accepted profits during the financing period for Murabhah finance requests.

• 90% of first property value can be financed and 70% of else

• Step up payments as per customer obligations. Allow customer to obtain 2in 1 products.

• Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension

• Combo gives the customer ability to obtain personal and home finance in case the client approaches retirement age.

• Salary introduction letter

• Salary Transfer Letter

• Identification card

• Mortgage application form

• Medical questionnaire

• Full Medical questionnaire if the amount above 3,000,000

• Fixed installments during the finance period

• Fixed profits during the finance period

• Mortgage the property to the bank

• Financing amount up to 5 Million SR and no less 150,000 SR.

• Administrative fee 1% of the value of the financing or SAR5000, whichever is lower, excluding VAT.

• Minimum Salary starting from 3500 SR

• Choosing to construct land/ incomplete property

• A waiver on payment of finance amount remained in case of death or permanent disability –god forbid-.

• Fixed installments and generally accepted profits during the financing period

• Finance period up to 25 years

• Step up payments as per customer obligations. Allow customer to obtain 2in 1 products.

• Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension

• Combo gives the customer ability to obtain personal and home finance in case the client approaches retirement age.

• Salary introduction letter

• Salary Transfer Letter

• Identification card

• Mortgage application form

• Medical questionnaire

• Full Medical questionnaire if the amount above 3,000,000

• Fixed installments during the finance period.

• Fixed profits during the finance period.

• Mortgage the property to the bank.

• Approved by Shariah Board as Tawarruq form

• Exemption from paying the remainder of financing amount in case of death or permanent disability (God forbid)

• A financing amount up to SAR 5 million and not less than SAR150,000

• Administrative fee 1% of the value of the financing or SAR5000, whichever is lower, excluding VAT.

• Minimum salary starting from 3,500 SAR

• Possibility to reduce the down payment

• Financing period can be obtained for up to 25 years

• Fixed installments and generally accepted profits throughout financing period.

• 90% of first property value can be financed and 70% of else.

• Step up payments as per customer obligations. Allow customer to obtain 2in 1 products.

• Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension

• Salary Introduction Letter(Pay Slip Letter)

• Salary Transfer Letter

• Copy of Identification card

• Home Finance application form

• Valid Building Construction License

• Full Medical questionnaire if the amount above 3,000,000

• Approved by Shariah Board as Tawarruq form

• A financing amount up to 5 million SAR and not less than 150,000 SAR

• Administrative fees 1% of the value of financing or 5000 SR whichever is lower excluding VAT

• Minimum basic salary starting from 3,500 SAR

• No down payment

• Finance period up to 25 years

• Properties can be financed until the age of 40 at the end of financing.

• Fixed installments and generally accepted profits throughout financing period

• Up to 90% of the property value can be financed

• Exemption from paying the remainder of financing amount in case of death or permanent disability (God forbid)

• Step up payments as per customer obligations. Allow customer to obtain 2in 1 products.

• Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension

• Combo gives the customer ability to obtain personal and home finance in case the client approaches retirement age.

• Salary Introduction Letter (Pay Slip Letter)

• Salary Transfer Letter

• Copy of Identification card

• Home Finance application form

• Medical questionnaire

• Full Medical questionnaire if the amount above 3,000,000

• Approved by Shariah Board as Tawarruq form.

• A financing amount up to 5 million SAR and not less than 150,000 SAR

• Administrative fees 1% of the value of financing or 5000 SR whichever is lower excluding VAT

• Minimum basic salary starting from 3,500 SAR

• Choosing the desired property whether Villa / Duplex / Apartment

• No down payment for financing

• Property age can go until 35 years at the finance end, and 40 years if the land value is 40% of the total property value

• Financing can be obtained for a period of not less than two years and not more than 25 years

• Fixed installments and generally accepted profits throughout financing period for Tawarruq financing requests

• 70% of property value can be financed

• Exemption from paying the remainder of financing amount in case of death or permanent disability (God forbid)

• Step up payments as per customer obligations. Allow customer to obtain 2in 1 products

• Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension,

• Combo gives the customer ability to obtain personal and home finance in case the client approaches retirement age

• Salary Transfer Letter

• Copy of Identification card

• Home Finance application form

• Sale contract

• Full Medical questionnaire if the amount above 3000,000

• Fixed installments during financing period.

• Fixed profits during financing period.

• Mortgage the property to the Bank.

• Approved by Shariah Board as Tawarruq form.

• Exemption from paying the remainder of financing amount in case of death or permanent disability (God forbid).

• A financing amount up to SAR 5 million and not less than SAR150,000.

• Administrative fee 1% of the value of the financing or SAR5000, whichever is lower, excluding VAT.

• Minimum salary starting from 3,500 SAR.

• Financing period can be obtained for up to 30 years.

• Financing can be obtained for up to 30 years.

• Fixed installments and customary profits throughout the financing period.

• Possibility of financing up to 90% of the property value.

• The increased flexible installment allows the customer to obtain more than one product at the same time according to the customer's obligations.

• The flexible declining premium upon retirement gives the customer the benefit of reducing the premium after retirement age in proportion to the retirement salary.

• Built-in flexible installment Possibility to obtain diminishing personal and real estate financing in case the client approaches retirement age.

• The possibility of financing for the customer from the age of 21 to 65, and up to 77 in the event of retirement.

Management Fees: 1.15% of the finance amount or SAR. 5,750 whichever is lower

Applicant’s Salary SAR 5,000 or more.

Filling the finance application.

Fixed installments

with repayment term up to 25 years.

Financing up to 5 million SR

with easy requirements and effortless process.

Fixed profit margin

throughout the repayment term for any loan.

An array of loan options

Home loan, apartment, land, building, off-plan, mortgage, and self-construction

• Management Fees: 1.15% of the finance amount or SAR. 5,750 whichever is lower

• Early Termination (after the end of second year): The Term cost for 3 months following the payment of the early settlement

• Late instalment payment: SAR 75

• Minimum salary SR 5,000.

• Minimum land lot size 250 square meters.

• The land shall be located within boundaries of bank approved cities.

• Amount of finance applied for SR. 200,000 or more.

• Filling the finance application.

• Personal data sheet.

• Promise of purchase certified by ANB branch.

• Bank statement for the last 3 months (for new customer).

• Customer's signature on finance contracts and promissory note (once received from the Consumer Credit Department).

• Copy of applicant’s national identification card/commercial register (for companies).

• Partitioning minutes if the property is divided.

• Property appraisal form.

• Offer and acceptance.

• Price quotation and commission statement.

• Construction cost quotation

• Copy of the POA and agent’s national identification card (if any).

• Sketch showing the location of the property.

• Copy of the building permit.

• Salary assignment letter (if not transferred to ANB) and salary confirmation.

• Salary certificate.

• Customer disclosure form.

• Completion of medical questionnaire form (If the applicant is 65 years or older at the time of applying for the finance, or if the finance amount is SR. 3 Million or higher).

• Passport copy, Ministry of Interior approval and salary certificate attested by the chamber of commerce (for non-Saudis).

• Finance amount up to SR 3,000,000.

• Repayment period up to 30 years.

• Fixed profit margin during the repayment period.

• Exemption of heirs from paying the remaining installments in the event of death "God forbid”.

• Management Fees: 1.15% of the finance amount or SAR. 5,750 whichever is lower

• Early Termination (after the end of second year): The Term cost for 3 months following the payment of the early settlement

• Late instalment payment: SAR 75

• The applicant must be an employee at an approved entity by ANB or a pensioner.

• Monthly salary starts from SR. 5,000

• Minimum one year in service at current employer.

• Minimum age of applicant 23 years.

• Transfer the salary to ANB.

• Filling the finance application.

• Employer certificate specifying the salary and number of years in service.

• Filling the offer & acceptance form.

• Sketch showing the location of the property.

• Copy of title deed.

• Copy of building license (for the house or apartment).

• Measurement confirmation (for the house or apartment).

• Copy of national identification card / Iqama.

• Bank account statement of the last 3 months.

c• Financing programs for the purchase of all types of residential real estate (House - Building - Off-plan - Land - Mortgage - Apartment - Self-construction)

• Financing up to SR 5,000,000

• Payment in fixed and easy installments for 30 years.

• Choosing the property you desire to own.

• Exemption of heirs from paying the remaining installments in the event of death "God forbid".

• Management Fees: 1.15% of the finance amount or SAR. 5,750 whichever is lower

• Early Termination (after the end of second year): The Term cost for 3 months following the payment of the early settlement

• Late instalment payment: SAR 75

• Available to all employees of sectors approved by the bank, bank employees and doctors in the private sector that are not approved.

• Monthly salary starting from SAR 10,000.

• The minimum age of the applicant is 18 years.

• The period of service in the current job for workers in the private sector should be 3 months and 12 months in social insurance.

• Filling the finance application.

• Employer certificate specifying the salary and number of years in service.

• Filling the offer & acceptance form.

• Sketch showing the location of the property.

• Copy of title deed.

• Copy of building license (for the house or apartment).

• Measurement confirmation (for the house or apartment).

• Copy of national identification card / Iqama.

• Bank account statement of the last 3 months.

• Financing up to SAR 3,000,000.

• Payment in fixed and easy installments for a period of 30 years (25 years for fund support beneficiaries)

• Maximum age at the end of the financing is 70 years

• Exempting the heirs from paying the remaining installments in the event of death "God forbid".

• Management Fees: 1.15% of the finance amount or SAR. 5,750 whichever is lower

• Early Termination (after the end of second year): The Term cost for 3 months following the payment of the early settlement

• Late instalment payment: SAR 75

Fill out the forms for the Arab National Bank.

Granting clients of approved and non-accredited entities.

• Management Fees: 1.15% of the finance amount or SAR. 5,750 whichever is lower

• Early Termination (after the end of second year): The Term cost for 3 months following the payment of the early settlement

• Late instalment payment: SAR 75

• The minimum salary starts from 3500 riyals.

• Minimum age is 18 years.

• The minimum service period starts from 3 months.

• An employee of an approved entity of the bank or a retiree.

• Approval of the project by the Arab National Bank (for the housing unit under construction program).

• The minimum land area is 180 square meters.

• Fill out the forms for the Arab National Bank.

• Bank statement for the last three months (for the new customer).

• Real estate deed copy.

• The minutes of the division in the event that the property is fragmented.

• A copy of the building permit.

• Salary transfer letter (if not transferred to the Arab National Bank) and salary confirmation if the financing is with salary transfer.

• Residential support contract by allocating the land (for the land and loan program).

• A unit reservation form by the real estate developer (for a housing unit under construction program).

• Istisna'a agreement signed by the client and the real estate developer (for a housing unit under construction program).

• Financing programs for the purchase of all types of residential real estate (House - Building - Off-plan - Land - Mortgage - Apartment - Self-construction)

• Financing up to 3,000,000 riyals

• Pay in fixed and easy installments for 30 years

• Mortgage the property you desire, provided that the customer owns the property.

• Funding is granted to all employees in the government, military, private sector, bank employees and retirees.

• Exempting the heirs from paying the remaining installments in the event of death “God forbid”

• Sharia-compliant financing.

Open current account with Bank Albilad

Customer must be 20 years or older

Customer must be an employee of a public or private sector approved by Bank Albilad.

Customer's salary should be 3,000 SAR or more

Real estate must be located within urban area 

Period of employment must 1 month or more at the current employer

Customer should be 70 years or younger when making the last payment

Customer Documents 

Valid ID 

ID copy for military employees

A letter from the customer's employer indicating: monthly salary (Basic and allowances), job title, date of employment

A statement of salary transfer from employer ( in case financed with salary transfer)

Real estate documents

Copy of the title deed

Copy of building permits 

Copy of owner ID

Sketch of property location

Filling “property information” form

Filling “financing” form

Is there any management fee?

The management fee is 1% of the financing amount with cap of SAR 5,000.

What is the difference between the usual real estate financing and the flexible real estate financing?

This example will illustrate the difference between the usual real estate financing and the flexible real estate financing:

A customer with a 13,000 SAR monthly salary wants to get a Real Estate Financing for 20 years while having a personal finance outstanding.

The usual real estate financing

Type of finance: Dari Finance​

Real Estate Finance for 20 years 600,000 SAR Monthly installment for personal Finance (5 years) 4,000 SAR Monthly installment for Real Estate Finance (20 years) 4,450 SAR 

Flexible Real Estate Financing

Type of Finance: Flexible Real Estate Finance ​

Real Estate Finance for 20 years 1,010,000 SAR Monthly installment for personal Finance (5 years) 4,000 SAR Monthly installment for Real Estate Finance (First 5 years) 4,450 SAR Monthly installment for Real Estate Finance (Following 15 years) 8,450 SAR 

How the profit margin is calculated?

Here is an example of how the profit margin is calculated:

Home Financing ​ Real Estate value SAR 500,000 Finance amount 90% of real estate value Type of profit margin (Fixed or Variable) Fixed Rate 

APR 7.23% Management fees Management fees is 1% of the Financing Amount with Cap. of SAR 5,000 Finance duration 30 years Type of installments Funding principal and profit 

Monthly installment SAR 2,993.75 Early settlement The value of the remaining asset with an additional 3 months earnings

*Terms and conditions apply

The annual percentage rate varies based on the amount and maturity period and Subjected to the customer's credit history

What are the features of the Flexible Real Estate Financing by Bank Albilad? 

Sharia-compliant financing service

Financing period of up to 25 years 

Competitive and fixed profit rate during the whole contract period

Available with no salary transfer for banks employees and approved sectors employees

Up to 65% for the debt burden ration ""DBR""

Ability to apply for financing jointly with one of your first-degree relatives

Early settlement is available as per SAMA regulations

No guarantor required

Two in one financing from Bank Albilad!

Looking forward to getting the maximum cash you want? Bank Albilad made that possible with the flexible real estate financing. Though this program, you can now get both personal and real estate financing at the same time by optimizing your maximum credit limit. 

Apply Now!"

Open current account with Bank Albilad

Customer must be 20 years or older

Customer must be an employee of a public or private sector approved by Bank Albilad.

Customer's salary should be 3,000 SAR or more

Customer should be 70 years or younger when making the last payment

Real estate must be located within urban area

Is there any management fee? 

The management fee is 1% of the financing amount with cap of SAR 5,000. 

How the profit margin is calculated?

Here is an example of how the profit margin is calculated:

Home Financing ​

Real Estate value SAR 500,000 Finance amount 90% of real estate value Type of profit margin (Fixed or Variable) Fixed Rate 

APR 7.23% Management fees Management fees is 1% of the Financing Amount with Cap. of SAR 5,000 Finance duration 30 years Type of installments Funding principal and profit 

Monthly installment SAR 2,993.75 Early settlement The value of the remaining asset with an additional 3 months earnings

*Terms and conditions apply

The annual percentage rate varies based on the amount and maturity period and Subjected to the customer's credit history

What are the features of the Real Estate Financing by Bank Albilad? 

Sharia-compliant financing service 

Competitive and fixed profit rate during the whole contract period

5% down payment for REDF and MOH beneficiaries 

10% down payment for all customers 

Financing period of up to 25 years

Up to SAR 5,000,000 financing amount

Available with no salary transfer for banks employees and approved sectors employees

Ability to apply for financing jointly with one of your first-degree relatives

Early settlement is available as per SAMA regulations

Your first home is closer than ever!

We at Bank Albilad are keen to provide you with the best real estate financing solutions that meet your needs. With our Shariah compliant financing, you can now own your home with a convenient payment method and a financing period of up to 30 years! 

Apply Now!

Open current account with Bank Albilad

Customer must be 20 years or older

Customer must be an employee of a public or private sector approved by Bank Albilad. 

Customer's salary should be 3,000 SAR or more

Customer should be 70 years or younger when making the last payment\

Real estate must be located within urban area

Customer Documents 

Valid ID 

ID copy for military employees

A letter from the customer's employer indicating: monthly salary (Basic and allowances), job title, date of employment

A statement of salary transfer from employer ( in case financed with salary transfer)

Real estate documents

Copy of the title deed

Copy of building permits 

Sketch of property location

Filling “property information” form

Filling “financing” form

Terms & conditions apply

Is there any management fee? 

The management fee is 1% of the financing amount with cap of SAR 5,000. 

How the profit margin is calculated?

Here is an example of how the profit margin is calculated:

Home Financing ​

Real Estate value SAR 500,000 Finance amount 90% of real estate value Type of profit margin (Fixed or Variable) Fixed Rate 

APR 7.23% Management fees Management fees is 1% of the Financing Amount with Cap. of SAR 5,000 Finance duration 30 years Type of installments Funding principal and profit 

Monthly installment SAR 2,993.75 Early settlement The value of the remaining asset with an additional 3 months earningss

*Terms and conditions apply

The annual percentage rate varies based on the amount and maturity period and Subjected to the customer's credit history

What are the features of the Real Estate Financing Buyout by Bank Albilad?

Sharia-compliant financing service 

Competitive and fixed profit rate during the whole contract period

Financing period of up to 25 years

Up to SAR 3,000,000 financing amount

Available with no salary transfer for banks employees and approved sectors employees

Ability to apply for financing jointly with one of your first-degree relatives

Early settlement is available as per SAMA regulations

Worried about your variable interest rate of your home financing? 

Now with Bank Albilad you can settle your existing financing that you have with any other bank by getting a new real estate financing from Bank Albilad with a fixed profit margin and fixed instalments! 

Apply Now!

Open current account with Bank Albilad

Customer must be 20 years or older

Customer must be an employee of a public or private sector approved by Bank Albilad.

Customer's salary should be 3,000 SAR or more

Customer should be 70 years or younger when making the last payment

Real estate must be located within urban area 

Available only to REDF and MOH customers

Customer Documents 

Valid ID 

ID copy for military employees

A letter from the customer's employer indicating: monthly salary (Basic and allowances), job title, date of employment

A statement of salary transfer from employer ( in case financed with salary transfer)

Real estate documents

Copy of the title deed

Copy of building permits 

Sketch of property location

Filling “property information” form

Filling “financing” form

Is there any management fee? 

The management fee is 1% of the financing amount with cap of SAR 5,000. 

How the profit margin is calculated?

Here is an example of how the profit margin is calculated:

Self-build Financing ​ Real Estate value SAR 500,000 Finance amount 90% of real estate value Type of profit margin (Fixed or Variable) Fixed Rate APR 6.70 % Management fees

Management fees is 1% of the Financing Amount with Cap. of SAR 5,000 Finance duration 25 years Type of installments

Funding principal and profit 

​Finance Amount

​450,000.00 SAR 

Monthly installment 3,093.75 SAR 

Early settlement The value of the remaining asset with an additional 3 months earnings

*Terms and conditions apply

The annual percentage rate varies based on the amount and maturity period and Subjected to the customer's credit history

What are the differentiating features of the self-build financing?

Sharia-compliant financing service 

0% down payment 

The first payment can be up to 90% of the real estate value

Financing period of up to 25 years

Financing amount up to SAR 3,000,000

Available with no salary transfer for banks employees and approved sectors employees

Available to retired customers also

Open current account with Bank Albilad

Available only to REDF and MOH customers

Customer must be 20 years or older

Customer must be an employee of a public or private sector approved by Bank Albilad.

Customer's salary should be 3,000 SAR or more

Customer should be 70 years or younger when making the last payment

Real estate must be located within urban area

Customer Documents

Valid ID 

ID copy for military employees

A letter from the customer's employer indicating: monthly salary (Basic and allowances), job title, date of employment

A statement of salary transfer from employer ( in case financed with salary transfer) 

Real estate documents

Copy of the title deed

Copy of building permits

Sketch of property location

Filling ""property information"" form

Filling ""financing"" form

Terms & conditions apply

What if my salary is above 14,000 SAR?

You can apply for REDF subsidized financing loan; however, your calculation would be done through Real Estate Development Fund website. You can also visit any branch of bank Albilad.

Is there any management fee?

The management fee is 1% of the financing amount with cap of SAR 5,000.

What are the key features of REDF subsidized financing program?

Sharia-compliant financing service 

0% profit margin of the first SAR 500,000 of your financing if your salary is less that SAR 14,000

Ability to get additional financing

Flexible payment plans 

The subsidized financing is on the first SAR 500,000 of your financing

Available with no salary transfer for banks employees and approved sectors employees

Ability to apply for financing jointly with one of your first-degree relatives

Down payment starts with 5% only

Are you looking for a subsidized home financing?

If you are a beneficiary of MOH or REDF and have a monthly income of 14,000 SAR or less, you can apply for the subsidized financing program through Bank Albilad and avail 0% profit margin on your subsidized financing. The cost of financing would be borne by REDF and MOH through its subsidized financing program and complimentary mortgage loan.

In case of applicants with a monthly salary higher than 14,000 SAR, calculation of subsidized financing can be done through the Real Estate Development Fund website or by visiting any of our branches.

Apply Now!

The customer has a current account with Bank Albilad

The customer must be at least 20 years old

The client is on the job in one of the military sectors

The customer’s net monthly income should not be less than 3,000 riyals

Customer documents

A valid national ID card or family registry

Fill out the form of acknowledgment and disclosure of the client with his personal obligations

A copy of the work card for military sector employees

Fill out a real estate financing application form

A statement of salary transfer from employer ( in case financed with salary transfer)

A confirmation letter from the employer that includes the following:(monthly salary, start date of joining work and the end date of the employment contract, job position)

Real estate documents

A clear picture of the deed

A copy of the building permit

A clear sketch of the property’s location

Segmented real estate record (if exists)

Fill out the ""Real Estate Information Display"" form

* Bank Albilad terms and conditions apply

​What are the differentiating features of the program?

Sharia-compliant financing service 

Real estate financing up to the age of 70 AH

Greater value of real estate financing through Flexi DBR financing

Flexible installments where the installment will be reduced after retirement

The possibility of obtaining other financing

"Now you can get your dream home with the Flexible Decreased Mortgage Program for Military Clients. Military clients can be granted mortgage financing up to the age of 70 Hijri years, other than the retirement date according to the military rank. Bank Albilad is looking forward to contributing to the development of housing solutions within the reach of the largest possible segment."" From customers with different capabilities and needs.

Apply now

Financing is calculated based on the client’s monthly income on the job, and after retirement according to the date of retirement of the military rank, the financing is calculated based on the client’s monthly income after retirement

Not less than 20 years of age

To have a chequing account. Don't have an account? Open your account online now, click here

The net monthly income shall not be less than 3,000 Saudi riyals

Not to exceed 70 years of age when paying the last monthly installments

That the property be within the approved plans and within the boundaries of the urban area

To be a beneficiary of the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Development Fund

Who is eligible for REDF Advance Subsidy program? 

REDF and NHC customers.

Is it possible to add REDF support as a part of the income for REDF advance subsidy customers?

No, it is not possible.

How much is the profit rate for REDF advance subsidy customers?

It will be based on REDF profit rates.

Is it possible to get REDF support in cash?

REDF Support is used to pay down payment only and cannot be obtained in cash

What is the procedure if the required down payment amount is more than 100,000?

The difference will be provided by the customer.

Is it possible to take two REDF subsidy ( Monthly subsidy and Advance subsidy)?

No, customer can apply for one subsidy only from REDF.

Should customer pay the advance subsidy in installments?

No, the advance subsidy is not refundable from the customer.

If customer benefited for REDF advance subsidy, is he allowed to apply for the monthly subsidy?

No, he is not allowed to apply for monthly subsidy since customer is eligible for one subsidy only from REDF

If customer benefited for REDF advance subsidy, is he allowed to apply for REDF products and initiatives?

No, he is not allowed to apply for REDF products and initiatives since customer is eligible for one subsidy only from REDF

What are the main advantages of the Advance Subsidy program ?

This program contributes to supporting the down payment

Non-refundable support from the Real Estate Development Fund in the amount of 100,000 riyals

Reducing the financing amount if the down payment is less than 100,000 riyals

​You can now own your property with the Advance Subsidy program whether you want to buy a ready-made house, want to build a villa, buy an apartment, or want to buy a housing unit under construction.

The Advance Subsidy program is a program intended for beneficiaries of the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Development Fund. Where the Real Estate Development Fund supports the customer's down payment with a maximum of 100,000 Saudi riyals, which is not refundable by the customer.

Apply Now!

Open current account with Bank Albilad

Customer must be 21 years or older

Customer must be an employee of a public or private sector approved by Bank Albilad.

Customer's salary should be 3,000 SAR or more

Customer should be 70 years or younger when making the last payment

Real estate must be from the approved projects by MOH ""Wafi committee""

Available only to REDF and MOH customers

Customer Documents

Valid ID

ID copy for military employees

A letter from the customer's employer indicating: monthly salary (Basic and allowances), job title, date of employment

Real estate documents

Providing price quotation for the unit desired from one of the approved projects by Bank Albilad

Filling “financing” form

Is there any management fee?

The management fee is 1% of the financing amount with cap of SAR 5,000.

How the profit margin is calculated?

Here is an example of how the profit margin is calculated:

Off-plan Financing ​ Real Estate value SAR 500,000 Finance amount 90% of real estate value Type of profit margin (Fixed or Variable) Fixed Rate 

APR 6.70% Management fees Management fees is 1% of the Financing Amount with Cap. of SAR 5,000 Finance duration 25 years

Type of installments

Funding principal and profit 

​Finance Amount

​450,000.00 SAR 

Monthly installment 3,093.75 SAR 

Early settlement

The value of the remaining asset with an additional 3 months earnings

*Terms and conditions apply

The annual percentage rate varies based on the amount and maturity period and Subjected to the customer's credit history

What are the differentiating features of the Off-Plan Financing?

Sharia-compliant financing service 

Installment of the down payment with 0 % profit margin 

Customer only pays part of the instalments “profit only” during the construction period and up to 24 months

Fixed profit margin during the whole contracting period

Up to 65% for the dept burden ration “DBR”

Financing period of up to 25 years 

Financing amount up to SAR 5,000,000

Available with no salary transfer for banks employees and approved sectors employees

Available to retired customers also

Ability to apply for joint financing with one of your first-degree relatives

Competitive prices on real estate units in the off-plan projects

Guarantees on your property

Installment of the down payment with 0 % profit margin 

Get your dream home with Bank Albilad! 

In cooperation with the Real Estate Development Fund and the Ministry of Housing, Bank Albilad offers you off plan financing. So, the wait is over! We give you the opportunity own your home from the approved development projects through the accredited developers with an easy and flexible financing options!

This program is under the supervision of “Wafi” committee.

Apply Now!

Administrative fees: equivalent to 1% of the financed amount, with a maximum limit of SAR 5,000.

• Financing without salary transfer.

• Financing up to the age of 75 years.

• Global limit request.

• The property should not be older than 30 years*

• The property needs to be located within an urban area

• The property should be built and equipped with services

• Service availability (water, electricity)

• ( Esterahah – chalet – Agriculture land- Villa – Residential Building – Commercial Building – Apartment)

• Price offer.

• Real estate deed and owner's details (name and contact information).

• Bring the legal agency and the ID of the legal agent (in the case of there is an agent for the owner).

• Municipality permission letter.

• Partitioning minutes if the property is divided.

• Completed real estate financing application form

• Financing without salary transfer.

• Financing up to the age of 75 years.

• Active current account at Alinma Bank

• The age of the property should not be more than 30 years.

• Property must be located within the urban area.

• Salary certificate

• ID card copy

• A letter of no objection to transferring the real estate indebtedness from the current financing entity

• Real estate financing application form.

• Submit real estate documents (a copy of the deed and building permit).

·       Fully Sharia’h-compliant financing based on Murabaha.

·       Initial financing estimates to support better financial planning.

·       Option to reduce the current monthly installment.

·       Financing up to SAR 10 million and available until the age of 75.

·       Financing may be accessible for non-accredited entities.

·       Flexible repayment terms of up to 25 years.

·       Acceptance of completed properties up to 30 years of construction.

·       Option to apply the flexible installment feature.

·       Nationwide real estate acceptance.

·       Financing available for unfinished property.

·       Salary transfer not required for financing.

·       Early payment option.

·       No down payment required.

·       Housing support transfer to eligible beneficiaries.

·       Debt waiver in case of death or total disability (terms and conditions apply).

·       APR starting from 5.62%.

• An active current account at Alinma bank.

• Assessment of the customer's creditworthiness.

Submitting the application through the bank's channels, providing the required documents.

·        Fully Sharia-compliant financing based on Murabaha (goods).

·        Freedom to select land anywhere in the Kingdom.

·        Freedom to design and build your property.

·        Option to purchase an old property, demolish it, and rebuild according to your needs.

·        Initial financing estimates to support better financial planning.

·        Financing up to SAR 10 million and available until the age of 75.

·        Financing may be accessible for non-accredited entities.

·        Flexible repayment terms of up to 25 years.

·        Option to apply the flexible installment feature.

·        Salary transfer not required for financing.

·        Early payment option.

·        Debt waiver in case of death or total disability (terms and conditions apply).

·        APR starting from 5.62%.

• Customers must first be accepted into the REDF financing program.

• Property to be financed must be zoned for residential use only.

• Alinma Bank financing terms and conditions apply.

• Property to be financed must be zoned for residential use only.

• ID Copy.

Administrative fees: equivalent to 1% of the financed amount, with a maximum limit of SAR 5,000.

·        Fully Sharia-compliant finance based on Murabaha.

·        Freedom to design and build your property.

·        Providing initial financing estimates to support better financial planning.

·        Financing up to SAR 10 million and available until the age of 75.

·        No down payment required.

·        Financing may be accessible for non-accredited entities.

·        Flexible repayment terms of up to 25 years.

·        Option to apply the flexible installment feature.

·        Nationwide real estate acceptance.

·        Salary transfer not required for financing.

·        Early payment option.

·        Debt waiver in case of death or total disability (terms and conditions apply).

·        APR starting from 5.62%.

• The beneficiary has to have an approval from the Ministry of Housing on off-plan sale product.

• Aligned with the bank's credit terms and policies.

• Provide a copy of documents of the selected unit (price offer).

• ID Copy.

·       Fully Sharia’h-compliant financing based on Murabaha (goods).

·       Initial financing estimates to support better financial planning.

·       No property evaluation required.

·       Lower monthly installments during the construction phase (up to 36 months).

·       Freedom to choose a unit from accredited projects.

·       Financing up to SAR 10 million and available until the age of 75.

·       Financing may be accessible for non-accredited entities.

·       Flexible repayment terms of up to 25 years.

·       Option to apply the flexible installment feature.

·       Salary transfer not required for financing.

·       Early payment option to ease financial commitments.

·       Debt waiver in case of death or total disability (terms and conditions apply).

·       APR starting from 5.62%.

Matching Alinma bank's credit terms and policies.

• Copy of the deed of the property to be mortgaged

• Copy of building permission.

• ID Copy.

·       Fully Sharia’h-compliant finance based on Murabaha (shares/goods).

·       Providing an initial finance calculation.

·       Freedom to choose the property to be mortgaged (completed unit, land)

·       Financing up to 90% of the value of the mortgaged property.

·       Financing up to SAR 10 Million.

·       Possibility of financing non-accredited entities.

·       Settlement period up to 25 years.

·       Possibility of applying the flexible installment feature.

·       Acceptance of real estate all over the Kingdom.

·       Finance without salary transfer.

·       Early payment option.

·       No down payment.

·       No Property transactions tax.

·       Exemption of beneficiaries in case of death or total disability, God forbid (terms and conditions apply).

·       APR starting from 5.62%.

• Minimum monthly income: SAR 9,000

• Must be employed by government, semi-government or private sector entities

• Must be 21 years of age or above

• ID copy (valid original documents must be presented)

• Property Finance form, completed and signed by the applicant

• Income documents

• Property-related documents

• Financing amount up to SAR 5 million.

• Shariah-compliant.

• Competitive profit margins.

• Co-financing between spouses or first-degree relatives, up to a maximum of three people.

• Financing period of up to 30 years.

• In case of death or permanent disability, the debt will be waived after the required documents are submitted to the Bank and subject to insurance coverage.

• Applicant must be a Saudi National.

• The applicant must be 21 years old when applying, and not more than 60 years old at financing maturity.

• Property must be a fully completed Villa/Apartment within Riyadh, Jeddah and Eastern Province.

• Applicant’s length of service should not be less than 6 months.

• Minimum monthly salary of SAR 12,000 for salary transfer customers and SAR 15,000 for non- salary transfer customers.

• Copy of Title Deed.

• A copy of building permit, and the building completion certificate.

• A filled and signed seller’s proposal by the property owner.

• A copy of the seller’s valid ID

• Property location sketch.

• Filling the home financing application form.

• A detailed salary slip that includes the allowances “if any”.

• A copy of the valid ID.

• A statement of account for the last 3 months that shows receiving the salary.

• An approved product by the Shariah committee in the form of Home Finance 

• Available in fixed or variable* pricing and competitive annual percentage rate 

• Available for government, semi-government, and private sectors

• Loan to value starts from 85% up to 90%** 

• Maximum financing amount up to 5,000,000 Saudi Riyals 

• Financing period up to 30 years 

• Waiver of outstanding amount in case of death or permanent disability, God forbid 

• Fast and easy processing 

• Home financing product with a promise to grant property

• Applicant must be a Saudi National

• The applicant must be 21 years old

• Property must be a within the boarders of the Kingdom of Saudi Arabia

• Applicant’s length of service should not be less than 3 months

• Minimum monthly salary of SAR 9,000 for salary transfer customers and SAR 12,000 for non- salary transfer customers.

• The proof pf ownership.

• A copy of building permit, and the building completion certificate.

• A filled and signed seller’s proposal by the property owner.

• A copy of the seller’s valid ID

• Property location sketch.

• Filling the home financing application form.

• A detailed salary slip that includes the allowances “if any”.

• A copy of the valid ID.

• A statement of account for the last 3 months that shows receiving the salary.

• An approved product by the Shariah committee in the form of Murabaha 

• Available in fixed pricing and financing with a fixed competitive annual percentage rate  

• Available for government, semi-government, and private sectors

• Loan to value starts from 85% up to 90%* 

• Maximum financing amount up to 5,000,000 Saudi Riyals 

• Financing period up to 30 years 

• Waiver of outstanding amount in case of death or permanent disability, God forbid 

• Fast and easy processing

• Repayment in fixed and easy installments over 25 years

• Finance is granted to all workers in the government, military, private sector and retired bank employees

• Exempting the heirs from the remaining installments in the event of death

• Sharia-compliant financing

• Granting financing in several installments according to the stages of construction completion

Terms and Required documents

• A statement of salary transfer from employer ( in case financed with salary transfer)

• Copy of building permits

• Copy of owner ID

• Copy of the title deed

• Monthly expense declaration form

• Valid ID

• Salary certificate from employer

• Saudi nationality only

• Sketch of property location

• Minimum age of 18

• Minimum service 3 months

• Salary starts from 7,000 for salary transfer and 10,000 for non-salary transfer

• Filling "financing" form

• Property offer price

• financing period up to 30 years

• financing amount up to SAR 5 Million

• Shariah compliant financing

• Available for salary and Non-salary transferred customers

• Available for approved and un-approved employers

• Financing up to the age of 70

• Grace Period up to 3 Months

• Quick and instant approvals

• Flexible installment feature

• “ waiver/exemption of outstanding finance amount in the event of death or disability”

• Competitive and fixed profit margin throughout the financing period

• Co- Borrower concept only for Non REDF customers

• the ability to add the final installment to the financing amount

Terms and Required documents

• A statement of salary transfer from employer ( in case financed with salary transfer)

• Copy of the title deed

• Monthly expense declaration form

• Valid ID

• Salary certificate from employer

• Saudi nationality only

• Sketch of property location

• Minimum age of 18

• Minimum service 3 months

• Salary starts from 7,000 for salary transfer and 10,000 for non-salary transfer

• Filling "financing" form

• Financing period of up to 30 years.

• Shariah compliant financing

• financing amount up to SAR 5 Million

• Financing up to the age of 70

• Competitive and fixed profit margin throughout the financing period

• Available for salary and Non-salary transferred customers

• Available for approved and un-approved employers

• “ waiver/exemption of outstanding finance amount in the event of death or disability”

• Flexible installment feature

• Quick and instant approvals

• Grace Period up to 3 Months

• ATM

• Co- Borrower concept only for Non REDF customers

Terms and Required documents

• A statement of salary transfer from employer ( in case financed with salary transfer)

• Copy of building permits

• Copy of the title deed

• Monthly expense declaration form

• Valid ID

• Salary certificate from employer

• Saudi nationality only

• Sketch of property location

• Minimum age of 18

• Minimum service 3 months

• Salary starts from 7,000 for salary transfer and 10,000 for non-salary transfer

• Filling "financing" form

• Shariah compliant financing

• financing period up to 30 years

• The possibility to finance the customer to buy the land and build

• The possibility to finance the customer to build a land owned by the customer

• The possibility of financing the customer to build of a land gifted by the ministry of housing

• The possibility of financing an incomplete property

• Available for salary and Non-salary transferred customers

• Available for approved and un-approved employers

• Quick and instant approvals

• Flexible installment feature

• Financing up to the age of 70

• Competitive and fixed profit margin throughout the financing period

• financing amount up to SAR 5 Million

• “ waiver/exemption of outstanding finance amount in the event of death or disability”

• Grace Period up to 3 Months

• Co- Borrower concept only for Non REDF customers

Terms and Required documents

• A statement of salary transfer from employer ( in case financed with salary transfer)

• Buying an old property and transferring it in the name of the customer and mortgaging it to the bank

• Copy of building permits

• Copy of the title deed

• Monthly expense declaration form

• Valid ID

• Salary certificate from employer

• Sketch of property location

• The client obtains a demolition permit and demolishes the property

• Minimum age of 18

• The bank will make sure that the property is demolished and start paying the construction payments to the customer.

• Construction batches are 4 or 5 batches depending on the customer segment.

• Minimum service 3 months

• Filling "financing" form

 • Shariah compliant financing

• financing period up to 30 years

• Possibility of early repayment at any time at the request of the customer.

• Concessional financing

• Available for salary and Non-salary transferred customers

• Available for approved and un-approved employers

• Quick and instant approvals

• Flexible installment feature

• Competitive and fixed profit margin throughout the financing period

• “ waiver/exemption of outstanding finance amount in the event of death or disability”

• Obtaining financing approval quickly and in record time

• Possibility of financing retired clients

Terms and Required documents

• A statement of salary transfer from employer ( in case financed with salary transfer)

• Copy of the title deed

• Monthly expense declaration form

• Valid ID

• Salary certificate from employer

• Sketch of property location

• Saudi nationality only

• Minimum age of 18

• Minimum service 3 months

• No Objection Certificate from another bank/financial institution

• Salary starts from 7,000 for salary transfer and 10,000 for non-salary transfer

• Filling "financing" form

• Option to defer first two instalments

• Shariah compliant financing

• financing period up to 25 years

• Available for approved and un-approved employers

• Available for salary and Non-salary transferred customers

• Quick and instant approvals

• Financing up to the age of 70

• Flexible installment feature

• Competitive and fixed profit margin throughout the financing period

• financing amount up to SAR 5 Million

• “ waiver/exemption of outstanding finance amount in the event of death or disability”

• Grace Period up to 3 Months

• Co- Borrower concept only for Non REDF customers

Terms and conditions:

• Customer Age higher than 21 years

• Customer must have current account

• Customer must be employee in Government or Private sector in ARB

• Salary higher than 3,000 SAR

• Customer must be beneficiary of REDF /MOH

• Customer age mustn’t exceed 77 years @ maturity.

• The unit should be within the classification projects in alrajhi bank

• Un-Refundable Subsidy up to 150,000 based on customer salary.

• Competitive Profit Rate.

• Customer can apply to PF added to the RE Finance.

• Defer principal portion of the installment while unit under construction

Eligibility Criteria:

• Saudi nationals (men and ladies)

• Minimum and maximum age of applicant: 20 years – 75 years

• Applicant must be listed on the REDF’s and Ministry of Housing’s finance lists

• Employment: Employees of government, semi-government, military and private sectors (Bank’s approved list of companies)

• Service period:

• For Government Sector: No minimum period of service required

• For Semi – Government: 3 months maximum

• For Private Sector: 3 months with current employer

• Applicant must open a Salary Account with SAIB and assign salary

• Minimum Property size = 80 square meter

Profit Amount

Subsidy on the profit amount by REDF for finance amount up to SAR 500,000 (subject to REDF’s criteria)

Down Payment Requirement

Down payment requirement (10% for first house, or 30% for any additional property)

Life Coverage

Free Takaful life coverage against death or permanent disability –God forbid- without any medical test for finance up to SAR 2,500,000

Shariah-compliant

Property Insurance

Free Takaful property insurance coverage against fire and natural disasters such as floods, storms, earthquakes and resulting damages

Debt Burden

Maximum debt burden ratio (DBR) is 65% out of the gross income

Required Documents

• Filled finance application form

• Introduction letter from employer

• Salary certificate from employer or last salary slip)

• Copy of employee ID card specifying rank/position (for armed forces, if applicable)

• Account statement of 3 months, showing last 3 salaries and verified by the bank

Eligibility Criteria

• For Saudi nationals only

• Age of Applicant: Minimum age is 20 years and maximum age at maturity is 70 years

• Applicant must be listed on the REDF’s and Ministry of Housing’s finance lists

• Applicant must open an Account with SAIB and assign salary

• If the amount of first tranche of 15% is higher than the land value, the lesser amount will be taken.

• Employment: Retirees and employees of government, semi-government, military and private sectors (Bank’s approved list of companies)

• Service period:

 For Government Sector: 1 month with current employer

For Private Sector: 3 months with current employer

Shariah compliant financing, based on Commodity Murabaha.

Down payment

The customer is not required to pay a down payment in cash. The land value will be considered as down payment.

Financing amount will be 90% of the land value + future construction value (for first house).

REDF Coverage

REDF will cover profit portion of the finance up to a maximum finance amount of SAR 500,000 through Madoom Program.

Takaful Life Insurance

Free Takaful life coverage against death or permanent disability, God forbid, without any medical test for finance up to SAR 2,500,000.

Property Insurance

Free Takaful Property coverage against fire and natural disasters such as floods, storms, earthquakes and resulting damages.

Debt Burden

Maximum debt burden ratio (DBR) is 65% out of the gross income.

Disbursement Schedule

Disbursement Schedule as follows: 15% upon commencement of construction, and subsequently 25%, 25%, 35% (provided that construction should be completed within of 36 months of financing disbursal).

Required Documents:

• Filled finance application form

• Copy of National ID

• Introduction letter from customer’s employer

• Construction plan

• Copy of land title deed

• Salary transfer letter

• Account statement of the last 3 months showing last 3 salaries, verified from the previous bank

• Copy of the “Work ID Card” specifying rank/position (to be taken post sighting of the original), if any

Eligibility Criteria

For Saudi nationals only

Age of Applicant: Minimum age is 21 years and maximum age at maturity is 75 years

Applicant must be listed on the REDF’s and Ministry of Housing’s finance lists

Employment: Employees of government, semi-government, military and private sectors, and retirees (Bank’s approved list of companies)

Service period:

For Government Sector: No minimum period of service required

For Semi – Government: 3 months maximum

For Private Sector: 3 months with current employer

Applicant must open a Salary Account with SAIB and assign salary

Murabaha principle

Down payment coverage by REDF

Down payment coverage by REDF up to 5% through Moyassar Program

Coverage of finance profit based on RDEF support Matrix

REDF will cover profit portion of the finance up to a maximum finance amount of SAR 500,000 through Madoom Program

Takaful Life Insurance

Free Takaful life coverage against death or permanent disability, God forbid, without any medical test for finance up to SAR 2,500,000

Property Insurance

Free Property Takaful coverage against fire and natural disasters such as floods, storms, earthquakes and resulting damages

Debt Burden

Maximum debt burden ratio (DBR) is 65% out of the gross income

Payment Base

Project Payment is based on project construction progress which is approved as per developer’s contract

Roshn Group and Talaat Moustafa Group

You can now apply for off-plan property products from Roshn Group and Saudi Arabia Talaat Moustafa Group.

Required Documents

• Filled finance application form

• Introduction letter from employer

• Account statement of the last 3 months showing last 3 salaries, verified from the previous bank

• Copy of the “Employee ID Card” specifying rank/position (to be taken post sighting of the original) – for armed forces, if applicable

• Salary certificate from employer or last salary slip

• Copy of the construction Contract between the customer and the developer

• Developer Quotation addressed to the Bank

Eligibility Criteria

• For Saudis only

• Age of applicant: minimum 21 years and maximum 70 years at maturity.

• Applicant must be listed on the REDF’s and Ministry of Housing’s finance lists.

• Employment: Working for an employer included in the Bank’s approved list of companies, retirees from the government, military or private sector.

• Service period:

 For Government Sector: 1 month with current employer.

 For Private Sector: 3 months with current employer.

 Applicant must open a Salary Account with SAIB.

Shariah compliant financing

Shariah compliant financing, based on Commodity Murabaha

No down payment

The customer is not required to pay a down payment in cash. The land value will be considered as down payment.

REDF Coverage

REDF will cover profit portion of the finance up to a maximum finance amount of SAR 500,000 through Madoom subsidy Program.

Takaful Life Insurance

Free Takaful life coverage against death or permanent disability –God forbid- without any medical test for finance amount up to SAR 2,500,000.

Property Insurance

Free Takaful property coverage against fire and natural disasters such as floods, storms, earthquakes and resulting damages.

Debt Burden

Maximum debt burden ratio (DBR) is 65% out of the gross income.

Required Documents

• Filled finance application form

• Copy of National ID