Purchase a Land
Whether you plan to buy land for saving, investment or even for building your future home, our home financing for 15 years will help you get there.
Benefits and Features
- Finance up to 4 times your annual salary
- No down payment*
- Possibility of joint applications
*As per customer eligibility
Steps
- Open an account with us
- Transfer your salary to your account with us
- Complete the application form and submit the property documents
- Sign the contract upon our final approval
Eligibility
Applicant
- Saudi national
- Employment period must be at least 6 months with current employer. The employer must be an approved party by Al Rajhi Bank
- Age must be 18 years and above
- A monthly income of SR 2,000 and above
Land
- The area of land must not be less than 200 Sqm
- An independent title deed must be available (a deed of the whole plan of lands is acceptable)
Required Documents
- A complete price quotation
- A copy of the title deed (both sides)
- A drawing of the location of the land
- Customer acknowledgement that he inspected the property
- Completed home finance application form
- A copy of the National ID and family card (if available), along with originals for verification
- An introduction letter stamped by the employer (stamped by the Chamber of Commerce for the private sector) stating the years of service, the salary, the job title, and allowances (if any)
You can reach us in the following ways:
Click here to fill out the online Home Finance application form.
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