Self-construction

Self-construction

Don’t have an alrajhi bank account? Create one now

Self-construction

Self-construction financing is offered through the sharia principle of Murabaha. the customer can build on a land he owns or buy a land and build on it, the product is available for REDF customers and bank customers.

Features:

Shariah compliant financing

financing period up to 25 years

The possibility to finance the customer to buy the land and build

The possibility to finance the customer to build a land owned by the customer

The possibility of financing the customer to build of a land gifted by the ministry of housing

The possibility of financing an incomplete property

Available for salary and Non-salary transferred customers

Available for approved and un-approved employers

Quick and instant approvals

Flexible installment feature

Financing up to the age of 70

Competitive and fixed profit margin throughout the financing period

financing amount up to SAR 5 Million

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

Grace Period up to 3 Months

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 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

Filling "financing" form Submit Now

Don’t have an alrajhi bank account? Create one now

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 also apply through the following channels

Apply Now

You can apply through alrajhi bank Online

Via Branches

There is always a branch nearby

Find a Branch

Home Finance Calculator :

Personal Details:

Enter Your Monthly Salary

SAR 500 is monthly cashback cap
Cashback is eligible on transactions done in the eligible cashback categories. As per T&C
Cashback is eligible on the given credit limit.

Tutorial Videos

View All

Tutorial Videos

View All

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.