Property Power

It is a personal financing product secured by the property collateral owned by the prospect customers. The property might be a Land, Villa, Apartment & or building where the customer can lien his property that has a clean title deed

Just visit any branch of Al Rajhi Bank or complete our user friendly online application in just a few minutes.

Terms and Conditions

  • To Saudi nationals only
  • Minimum Salary should not be less than SAR 5,000 for government employees & SAR 7,500 for private companies.
  • Length of service to be 6 months for government employees and 12 months for private companies.
  • Loan tenor including retirement age to be as follows;
    • For government and semi-government employees, 20 years for ready-made properties and 15 years for residential lands
    • For private sector companies, 15 years for ready-made properties and 10 years for residential lands
  • Customer Age Criteria:
    • Minimum Age 21 Years
    • Maximum Age 60 Years (or as per the retirement age for militaries)
  • Loan To Value Ratio’s Criteria:
    • For Ready-made properties 70% LTV
    • For lands, 60% LTV
  • Financing Amount Criteria:
    • Minimum Finance is 50K
    • Maximum Finance up to 3 Million
  • Installment Repayment Criteria:
    • Monthly deductions from assigned salary
  • Other Income Criteria:
    • Other proven income can be considered subject to cap of 50% of the other income

Required Documents:

Customer documents:

  • Application Form
  • Salary Certificate sealed by the employer
  • Verified copy of the national ID
  • Salary Assignment letter in favor of ARB/customer current account or the approved SAREA form.

Property Documents:

  • Copy of Title Deed (both sides)
  • Copy of Building permits (both sides)
  • Property location sketch ​diagram
  • In case LAND dimensions are mismatched between the title deed and the ground, a letter from municipality to be obtained.