We,
at Alinma Bank, participate in fulfilling your dream by financing a
completely built property, a property under construction or partially
built, through Shariah fully compliant formulas that reflect our values
which are based on innovation, respect and transparency.
Features That Meet Your Needs
• Exemption of beneficiaries in case of death* • No administrative fees • Liberty to choose a property under construction or uncompleted from Authorized real estate office • Liberty to choose appropriate dwelling (villa, apartment,building, rest house, land) • Funding up to S.R. 5 Million • Settlement period up to 30 years*
• Possibility of joint liability between any 2 persons – Family relation is not a mandatory condition (for the first
time in the Kingdom)
• Guarantor is not required • Possibility of early possession (best cost in Early repayment)* • Profit margin calculation on the amount financed only • First Time in Saudi Arabia: Available for both Saudies and legal residents* • Flexible financing options: - 30 - year term: Profit margin recalculated every 2 years* - 30 - year term: Profit margin recalculated every 5 years* - 15 - year term: Fixed profit margin
Easier Requirements For A Better Service
For The Completed Property: • Al-Had Al-Shamel (credit limit) • Real estate deed and owner's details (name and contact information) • Municipality permission letter (for building) • Property location map • Completed real estate financing application form
For Your Dream House That Is Fully Built, The Following Specifications Should Be Met: • The property should not be older than 15 years* • The property needs to be located within an urban area • The property should be built and equipped with services • Service availability (water, electricity)
For The Property Under Construction or Partially Built Real Estate property from Authorized real estate
office **:
• Copy of the land layout
• Engineering design and quantities and prices’ lists for the habitation to be built or completed in addition to
the technical specifications
• Price offer for the land to be built upon • A double sided copy of the deed • A double sided copy of the construction area (in case the completion of construction is requested) • A croquis (or sketch) showing how to reach the site of the lot
Al-Had Al-Shamel (credit limit) application requirements: • Employer must be from the Alinma list of approved employers • Open a current account with Alinma Bank • Obtain a certified letter from your employer indicating your salary and service period details
• Obtain a certified letter from your employer verifying your salary deposit with Alinma Bank (assignment of
salary and benefits) available for none salary transfer*
**to get information about approved real estate offices and projects locations click here
