Home Finance

Why buying is right for you

Explore the simple steps to owning your home. Start exploring how much you can borrow, know more about your finance, find a home, and Apply

  • How Much You Can Borrow

  • Know About Your Finance

  • Find a Home

  • Apply

The first step for you is to explore the amount you can borrow to own your home. Typically, you can borrow up to 58 times your salary for the 20 Years Plan and 82 times your salary for the 30 Years Plan. The tables will give you a closer idea.

Single Applicant

Your Monthly Salary You Can Borrow You Pay Monthly
20 Years 30 Years
SR 5,000 SR 353,357 SR 477,454 SR 2,500
SR 8,000 SR 621,908 SR 840,318 SR 4,400
SR 10,000 SR 848,057 SR 1,145,889 SR 6,000
SR 12,500 SR 1,060,071 SR 1,432,361 SR 7,500
SR 15,000 SR 1,272,085 SR 1,718,833 SR 9,000
  • The finance rate is 4.25% for 20 years. The rate is fixed. The figures are approximate
  • The finance rate is 3.25% for 30 years, fixed for first 5 years, then reviewed every 3 years. The figures are approximate

Joint Applicants

Your Monthly Salary Salary of
Joint–Applicant
You Can Borrow You Pay
Monthly *
20 Years 30 Years
SR 5,000 SR 3,000 SR 621,908 SR 840,318 SR 4,400
SR 7,500 SR 5,000 SR 954,064 SR 1,289,125 SR 6,750
SR 10,000 SR 8,000 SR 1,272,085 SR 1,718,833 SR 9,000
SR 12,500 SR 10,000 SR 1,590,106 SR 2,148,541 SR 11,250
SR 15,000 SR 12,000 SR 1,908,127 SR 2,578,249 SR 13,500
  • The finance rate is 4.25% for 20 years. The rate is fixed. The figures are approximate
  • The finance rate is 3.25% for 30 years, fixed for first 5 years, then reviewed every 3 years. The figures are approximate

Check the benefits of each finance, to know more about the finance that you choose.

Single Applicant

Plan Down Payment Maximum Finance Finance Rate Joint Applicant Q & As
20 Years 10% 83* monthly salaries Fixed Learn more
30 Years 10% 113* monthly salaries Variable * Learn more

Eligibility requirements for both 20 Years and 30 Years Plans.

Your Eligibility

  • Saudi national and above 18 years old
  • Not less than 6 months with current employer, which must be approved by us
  • A minimum monthly salary of SR 3,500

Joint Applicant Eligibility

  • Saudi national and above 21 years old
  • Not less than 6 months with current employer, which must be approved by us
  • A minimum monthly salary of SR 3,500

Features of Joint Application

  • Direct relationship is a condition (wife, husband, father, mother, brother or sister)
  • Transfer of joint application salary is not conditions

* Terms & conditions to be applied.

We have put for you some useful tips for finding a home. We also have placed number of approved homes on our property search website.

Looking For a Home That Suits Your Need?

Each one of us has a taste, preference and priorities but here are some general tips:

  • A calm and relaxing neighborhood is always a good choice
  • Living in a neighborhood that has easy and quick access to the main road(s) is more convenient
  • Always seek the opinion of an engineer or an expert who can tell the quality of the construction

Visit the area where you plan to live at different times of the day, to get a closer feel (the traffic, the feeling of security and the ambience of the neighborhood)

Home Conditions

  • Must be fully constructed and not more than 25 years old
  • The land must not be less than 200 Sqm (for Villa) and not be less than 80 Sqm (for Apartment)
  • Must have an independent title deed

Your Finance Steps

  • Open an account with us
  • Transfer your salary to your account with us
  • Fill in the application form and submit the required documents
  • Sign the contract after our final approval

How to Apply?

  • Telephone (Toll Free): 800 124 1222
  • Branch: Visit your nearest branch

Finance Documents Required

  • A copy of a valid Saudi National Identity Card.
  • Employment letter - For the private sector, it must be stamped by the Chamber of Commerce.
  • A completed Home Finance application form
  • A completed price quotation
  • A copy of the title deed (both sides)
  • Acknowledgement that you inspected the home
  • Location map of the home
  • A copy of the Building Permission

Your Monthly Repayment
SAR 0*

Enter information to calculate your home finance plan

Your Finance Amount
SAR 0*
Total Amount Payable
SAR 0*
APR
0%
* Terms and Conditions

This calculator and is intended for use as a guide only. Results calculated do not constitute an offer and have no legal effect on any contracts signed between you nd Al Rajhi Bank.

Avoid Risks, get the safe finance solution:

Get the most secure finance, Al Rajhi bank customers can obtain refinance at competitive rates, without going to unreliable financers. Avoid risks, and benefit from Al Rajhi bank solutions with the peace of mind that you deserve.

FAQ - Grace Period for Ministry of Health Employees
  • 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.