Alinma Bank - Murabaha Home Finance

Alinma Bank

Features:

·       Fully Sharia-compliant financing based on Murabaha.

·       Providing initial finance estimation 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.

·       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 units.

·       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%.

Alinma Bank - Murabaha Home Finance :

A financing product designed to help you purchase a property from the market—whether a completed unit, an unfinished property, or land—through Murabaha financing. Available to all customers, both subsidized and non-subsidized, Murabaha Home Finance offers a structured financial approach that empowers you to make confident decisions and secure the right property for your needs.

Flat Rate

5.89%

Down Payment

Monthly Payment

Minimum Salary

Fees & Cost

Fees & Costs:

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

Eligibility:


• 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)


Documents required:

• 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