home-finance

Self-Construction Product

Self-Construction Product
Design your own home with more financing solutions

For Al Rajhi and REDF Beneficiaries

Features

  • Sharia Complaint Financing
  • REDF support to cover the full/portion of profit
  • Quick Financing Approval
  • Home Insurance
  • Longer Financing Tenor up to 30 Years.
  • Higher Financing Eligibility up to SAR 5 Million
  • Financing ratio of up to 90%
  • Exemption of heirs from paying the remaining installments in the event of death "God forbid”.
  • Annual Percentage Rate is 4.08% for Murabaha products
  • Management fees equal to 1% of finance amount or SAR 5,000 whichever is less

How To Apply

  • Please visit your nearest Al Rajhi Bank branch
  • Call us at 8001241222
  • Apply Online
  • Am I Eligible?

Here are the things that we’ll need from you…

Eligibility & Criteria

  • Minimum Age 21 Years
  • Maximum Age 60 Years (or as per military retirement age)
  • Length of service: 6 months for government employees and 12 months for private companies


Required Documents

  • Application Form
  • Salary Certificate sealed by employer
  • Verified copy of national ID
  • Salary Assignment letter in favour of ARB/customer current account or the approved SAREA form
  • Copy of Title Deed (both sides)
  • Copy of Building permits (both sides)
  • Property location sketch diagram
  • If there is a difference in the LAND dimensions between the title deed and the ground, a letter from municipality needs to be obtained

FOR ENQUIRIES CALL:

+9668001241222
Frequently Asked Questions:
  • 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.