Features:
·
Fully
Sharia-compliant financing based on Murabaha (goods).
·
Freedom
to select land anywhere in the Kingdom.
·
Freedom
to design and build your property.
·
Option
to purchase an old property, demolish it, and rebuild according to your needs.
·
Initial
financing estimates 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.
·
Option
to apply the flexible installment feature.
·
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 - Land and build :
designed to help you purchase land and construct your property with structured payments disbursed according to approved construction completion stages. With the option to mortgage the property, Land and Construction Financing is available to all customers—both subsidized and non-subsidized—offering financial flexibility and a smooth journey to homeownership.
Flat Rate
5.89%
Down Payment
Monthly Payment
Minimum Salary
Fees & Cost
Eligibility:
• An active current account at Alinma bank.
• Assessment of the customer's creditworthiness.
Documents required:
Submitting the application through the bank's channels, providing the required documents.