Your installment equals your REDF support

For self-construction & off-plan products

Down Payment Subsidy Feature is one of MOH and REDF Program & one of the solutions to help Al Rajhi Bank customers to facilitate owning Residential Unit under Construction & Ready units immediate and un-refundable subsidy as down payment subsidy.

Client Politics

The client must be a beneficiary of the Real Estate Development Fund or the Ministry of Housing.

Shariah financing

Shariah compliant financing

REDF support

The installment is equal to REDF support if customer benefit from the monthly support.

Payment support

The installment is equal to 400 riyals if customer benefit from the down payment support package.

Up to 30 years

Loan Tenor can extend up to 30 years.

For all employers

Available for approved and un-approved employers.

“ waiver/exemption of outstanding finance amount in the event of death or disability”

Terms and Required documents

Terms and Conditions

  • In case customer benefit from the feature on the self-construction product, "the required conditions and documents for the self-construction product apply".

  • In case customer benefit from the feature on the off-plan product, "the required conditions and documents for the off-plan product apply".

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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Apply via Al Rajhi Bank Online

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