• 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

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

Terms and Conditions:

• Only for Off-Plan and Self-Construction products.

• Only for Saudi REDF supported customers.

• Salary starts from SAR 3,000 with no cap.

• Maximum Finance Amount is SAR 1,600,000

• The terms and conditions of Real Estate Development Fund will be applied.

• The number of contracts is limited and priority is given on a first-come.

• Loan tenor up to 20 years with a profit margin of 4.5% (term cost) for all periods.

• All government and private sectors, with or without salary transfer, are accepted.

• Customer can benefit from the Real Estate Development Fund support package provided and the self-construction package with a value of up to 150 thousand riyals.

• Customer can also benefit from Real Estate Development Fund support equals to your Installment as per the below description:

The customer can benefit from the down payment support with the lowest financing profit rate with an installment equal to 400 riyals for the construction period.

The customer can benefit from monthly support with the lowest financing profit rate with installment equals to Real Estate Development Fund monthly support.