Alinma Bank - Self-Construction Financing

Alinma Bank

Features:

·        Fully Sharia-compliant finance based on Murabaha.

·        Freedom to design and build your property.

·        Providing initial financing estimates to support better financial planning.

·        Financing up to SAR 10 million and available until the age of 75.

·        No down payment required.

·        Financing may be accessible for non-accredited entities.

·        Flexible repayment terms of up to 25 years.

·        Option to apply the flexible installment feature.

·        Nationwide real estate acceptance.

·        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 - Self-Construction Financing :

A financing product that enables you to build or complete your property with flexible payments disbursed according to approved construction completion stages—making it an ideal choice for all customers, whether subsidized or non-subsidized. With the option to mortgage the property, the Self-Construction product offers greater financial flexibility and a clearer path to homeownership.

Flat Rate

5.89%

Down Payment

Monthly Payment

Minimum Salary

Fees & Cost

Eligibility:

• Customers must first be accepted into the REDF financing program.

• Property to be financed must be zoned for residential use only.

• Alinma Bank financing terms and conditions apply.


Documents required:

• Property to be financed must be zoned for residential use only.

• ID Copy.


Fees & Costs:

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