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Home Finance

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Home is where the heart is

It is a Murabaha financing that allows the customer to purchase a property, whether from one of the projects of the Ministry of Housing or a ready-made unit from the market, The product is available for REDF customers and alrajhi bank customers.

Up to 30 years

Financing period up to 30 years

5.000.000 SAR

Financing amount up to SAR 5 Million

For all customers

Available for salary and Non-salary transferred customers

Shariah financing

Shariah compliant financing

Up to 3 month

Grace Period up to 3 Months

For all employers

Available for approved and un-approved employers

Profit margin

Competitive and fixed profit margin throughout the financing period

Up to 70

Financing up to the age of 70

Up to 70

Financing up to the age of 70

Quick approvals

Quick and instant approvals

Flexible

Flexible installment feature

Terms and Required documents

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

  • Copy of building permits

  • Copy of owner ID

  • Copy of the title deed

  • Monthly expense declaration form

  • Valid ID

  • Salary certificate from employer

  • Saudis and Residents (Expats)

  • Sketch of property location

  • Minimum age of 18

  • Minimum service 3 months

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

  • Filling "financing" form

  • Property offer price

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

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How to apply

Discover the Al-Rajhi banking app

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