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 25 years

Land Conditions

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

ATM

Co- Borrower concept only for Non REDF customers

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

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

Application Form

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
20 Years 30 Years
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
20 Years 30 Years
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

Al Rajhi Bank Mobile App

alrajhi bank app

 Download Now →

You can also apply through the following channels

Apply Now

You can apply through alrajhi bank Online

branch

Via Branches

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deals and Discounts

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Home Finance Calculator :

Personal Details:

Enter Your Monthly Salary info

Current Monthly Installments Paid info


* Terms and Conditions : This calculator and is intended for use as a gue only. Results calculated do not constitute an offer and have no legal effect on any contracts signed between you and alrajhi bank.


Your Monthly Paymentinfo-grey

SAR 0*

Your Finance Amountinfo-grey

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Total Amount Payableinfo-grey

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APRinfo-grey

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Payable Periodinfo-grey

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Interested or have an inquiry?

We are more then Happy to help you Exceed your Goals in the Right ways.

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* Terms and Conditions : This calculator and is intended for use as a gue only. Results calculated do not constitute an offer and have no legal effect on any contracts signed between you and alrajhi bank.


deals and Discounts

Instant access to all the best deals and discounts

deals and Discounts

Instant access to all the best deals and discounts

Frequently Asked Questions:

Yes. All ARB Home finance products are Shariah compliant and have been designed on the basis of Islamic principles.
Yes, according to the terms of early settlement. You can contact us to find out more about the conditions.
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.