Features:
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
Bank AlBilad - Decreasing flexible mortgage for military personnel :
Flat Rate
Down Payment
Monthly Payment
Minimum Salary
3,000 Saudi riyals.
Fees & Cost
Terms and Conditions
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
Required Documents
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
Benefits:
"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