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Property Power

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Property Power

Mortgage financing is offered through the sharia principle of Murabaha. Property Power is secured financing - alrajhi bank finances the customer's money secured against the home's value, The product is available for REDF customers and bank customers.

Up to 30 years

Financing period up to 30 years

Shariah financing

Shariah compliant financing

Profit margin

Competitive and fixed profit margin throughout the financing period

5.000.000 SAR

Financing amount up to SAR 5 Million

For all customers

Available for salary and Non-salary transferred customers

Up to 70

Financing up to the age of 70

Up to 70

Financing up to the age of 70

For all employers

Available for approved and un-approved employers

Flexible

Flexible installment feature

Quick approvals

Quick and instant approvals

Up to 3 month

Grace Period up to 3 Months

Co- Borrower concept

Co- Borrower concept only for Non REDF customers

Terms and Required documents

  • A statement of salary transfer

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

  • Copy of the title deed

  • Declaration form

    Monthly expense declaration form

  • Valid ID

  • Salary certificate from employer

  • Saudi nationality only

  • 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

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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Frequently Asked Questions:

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