Features:
• 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.
Arab National Bank - Mortgage Finance :
Shariah-compliant real estate financing through which the bank sells the commodity(s) owned by it to the customer on credit against a real estate guarantee provided by the customer to the bank.
Flat Rate
Down Payment
Monthly Payment
Minimum Salary
SAR 3500
Fees & Cost
Fees & Costs:
• 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
Eligibility:
• 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.
Documents required:
• 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).