Alinma Bank - Off Plan

Alinma Bank

Features:

·       Fully Sharia’h-compliant financing based on Murabaha (goods).

·       Initial financing estimates to support better financial planning.

·       No property evaluation required.

·       Lower monthly installments during the construction phase (up to 36 months).

·       Freedom to choose a unit from accredited projects.

·       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 to ease financial commitments.

·       Debt waiver in case of death or total disability (terms and conditions apply).

·       APR starting from 5.62%.

Alinma Bank - Off Plan :

A financing product that enables you to own a property unit before or during the construction phase from a selection of projects approved by Alinma. Based on Murabaha financing, Off-Plan is available to all customers—both subsidized and non-subsidized—offering flexible financing solutions designed to meet your needs at every stage of homeownership.

Flat Rate

5.89%

Down Payment

5% if the value of the property is less than SAR 800,000

Monthly Payment

Minimum Salary

Fees & Cost

Eligibility:

• The beneficiary has to have an approval from the Ministry of Housing on off-plan sale product.

• Aligned with the bank's credit terms and policies.


Documents required:

• Provide a copy of documents of the selected unit (price offer).

• ID Copy.