Off-Plan
The real estate developer will build and develop your residential unit in the future, committing to execute it according to the agreed models, specifications, and timeline, within a maximum period of 36 months. The product is available to customers of the Real Estate Development Fund.
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Terms and Required documents
A statement of salary transfer
A statement of salary transfer from employer ( in case financed with salary transfer)
Declaration form
Monthly expense declaration form
Valid national ID or premium residency ID
Providing price by Al Rajhi Bank
Providing price quotation for the unit desired from one of the approved projects by alrajhi bank
Salary certificate from employer
Saudi nationality or expat with premium residency ID
Minimum service 3 months
Salary starts from SAR 5,000 for salary transfer and SAR 7,000 for non-salary transfer
Filling "financing" form
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.
