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Buyout Home Finance

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Key features of Buyout Home Finance

Mortgage Loan Buyout is offered to REDF and Non-REDF customers to settle their current mortgage loan with other banks and obtain new mortgage financing with ARB, the product is available for REDF customers and alrajhi bank customers.

Option to defer

Option to defer first two instalments

Shariah financing

Shariah compliant financing

For all customers

Available for salary and Non-salary transferred customers

Profit margin

Competitive and fixed profit margin throughout the financing period

Quick approvals

Quick and instant approvals

Up to 70

Financing up to the age of 70

5.000.000 SAR

Financing amount up to SAR 5 Million

Flexible

Flexible installment feature

Terms and Required documents

  • A statement of salary transfer from employer ( in case financed with salary transfer)

  • Copy of the title deed

  • Monthly expense declaration form

  • Valid ID

  • Salary certificate from employer

  • Sketch of property location

  • Saudi nationality only

  • Minimum age of 18

  • Minimum service 3 months

  • No Objection Certificate from another bank/financial institution

  • Salary starts from 7,000 for salary transfer and 10,000 for non-salary transfer

  • Filling "financing" form

How much money can you borrow?

The first step for you is to explore the amount you can borrow. Typically, you can borrow up to 53 times your salary to buy a land. The tables will give you closer idea.

Single applicant

Joint applicants

Home Finance Calculator

Please note that this calculator only helps you calculate the approximate financing amount and does not represent the exact amount of financing and payments. For actual approval details, please contact us at 8001241222

Your Monthly Payment SAR

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Total Amount Payable SAR

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APR

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How to apply

Discover the Al-Rajhi banking app

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Apply via Al Rajhi Bank Online

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Via Branches

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Frequently Asked Questions:

Frequently asked questions with concise answers for applications designed for full online workplaces for your tech startups