Features:
· Fully Sharia’h-compliant financing based on Murabaha.
· Initial financing estimates to support better financial planning.
· Option to reduce the current monthly installment.
· 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.
· Salary transfer not required for financing.
· Early payment option.
· No down payment required.
· Housing support transfer to eligible beneficiaries.
· Debt waiver in case of death or total disability (terms and
conditions apply).
· APR starting from 5.62%.
Alinma Bank - Real Estate Buyout :
A financing product that enables you to seamlessly transfer your existing real estate debt, whether under Ijara or Murabaha, from any financial institution to alinma. Available to all customers—both subsidized and non-subsidized—the Buyout Product provides enhanced convenience in managing your financial commitments.
Flat Rate
5.89%
Down Payment
Monthly Payment
Minimum Salary
Fees & Cost
Eligibility:
• Financing without salary transfer.
• Financing up to the age of 75 years.
• Active current account at Alinma Bank
• The age of the property should not be more than 30 years.
• Property must be located within the urban area.
Documents required:
• Salary certificate
• ID card copy
• A letter of no objection to transferring the real estate indebtedness from the current financing entity
• Real estate financing application form.
• Submit real estate documents (a copy of the deed and building permit).