Home Finance

Home Finance

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Home Finance

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.

Features:

financing period up to 30 years

financing amount up to SAR 5 Million

Shariah compliant financing

Available for salary and Non-salary transferred customers

Available for approved and un-approved employers

Financing up to the age of 70

Grace Period up to 3 Months

Quick and instant approvals

Flexible installment feature

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

Competitive and fixed profit margin throughout the financing period

Co- Borrower concept only for Non REDF customers

the ability to add the final installment to the financing amount

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

For 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 Submit Now

Property offer price

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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

Your Monthly Salary	You Can Borrow		You Pay Monthly
Your Monthly Salary	20 Years	30 Years	You Pay Monthly
SAR 5,000	SAR 353,357	SAR 477,454	SAR 2,500
SAR SAR 8,000	SAR 621,908	SAR 840,318	SAR 4,400
SAR 10,000	SAR 848,057	SAR 1,145,889	SAR 6,000
SAR 12,000	SAR 1,060,071	SAR 1,432,361	SAR 7,500
SAR 15,000	SAR 1,272,085	SAR 1,718,833	SAR 9,000

Joint Applicants

Your Monthly Salary	Salary of Joint–Applicant	You Can Borrow		You Pay Monthly
Your Monthly Salary	Salary of Joint–Applicant	20 Years	30 Years	You Pay Monthly
SAR 5,000	SAR 3,000	SAR 621,908	SAR 840,318	SAR 4,400
SAR 7,500	SAR 5,000	SAR 954,064	SAR 1,289,125	SAR 6,750
SAR 10,000	SAR 8,000	SAR 1,272,085	SAR 1,718,833	SAR 9,000
SAR 12,000	SAR 10,000	SAR 1,590,106	SAR 2,148,541	SAR 11,250
SAR 15,000	SAR 12,000	SAR 1,908,127	SAR 2,578,249	SAR 13,500

You can apply easily through

alrajhi bank app

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You can also apply through the following channels

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You can apply through alrajhi bank Online

Via Branches

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Tutorial Videos

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Tutorial Videos

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Frequently Asked Questions:

Are the ARB home finance products Shariah compliant?

Yes. All ARB Home finance products are Shariah compliant and have been designed on the basis of Islamic principles.

Can I make an early settlement of the remaining amount?

Yes, according to the terms of early settlement. You can contact us to find out more about the conditions.

What happens if I want to sell the property before the financing is paid off?

You would need to make an immediate repayment of the principle outstanding amount by way of early settlement and we would transfer the title in your name or to the person you requested.