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!