Off-Plan Sale
Finance to purchase property villa or apartment to be built or semi-built by ARB approved developer in a maximum of 36 months, the product is available for REDF customers and alrajhi bank customers.
Principle deferment
Principle deferment for the first 36 Months for REDF customers
Shariah financing
Shariah compliant financing
Up to 30 years
Financing period up to 30 years
Quick approvals
Quick and instant approvals
For all customers
Available for salary and Non-salary transferred customers
For all employers
Available for approved and un-approved employers
Flexible
Flexible installment feature
Up to 70
Financing up to the age of 70
Profit margin
Competitive and fixed profit margin throughout the financing period
5.000.000 SAR
Financing amount up to SAR 5 Million
Up to 70
Financing up to the age of 70
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)
Declaration form
Monthly expense declaration form
Valid ID
Providing price by Al Rajhi Bank
Providing price quotation for the unit desired from one of the approved projects by alrajhi bank
Salary certificate from employer
Saudi nationality only
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
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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:
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