A finance product that provides you with the opportunity to purchase a land, and building it using finance payments to be paid according to approved construction completion stages, against property mortgage, as a finance option offered to all Alinma Customers (subsidized and non-subsidized).
Features that meet your needs:
- Fully Sharia’h-compliant finance based on Murabaha (shares/goods).
- Competitive profit margin.
- Selecting the appropriate land all over the Kingdom.
- Freedom of property design and construction.
- Freedom of purchasing an old property, demolish it and then reconstruct it.
- Providing an initial finance calculation.
- Financing up to the age of 75 years.
- Financing up to SAR 10 Million.
- Possibility of financing non-accredited entities.
- Settlement period up to 25 years.
- Possibility of applying the flexible installment feature.
- Finance without salary transfer.
- Early payment option.
- Exemption of beneficiaries in case of death or total disability, God forbid (terms and conditions apply).
Easier Requirements for a Better Service:
- Opening a current account with the Bank.
- Credit approval.
- National ID.
- Salary certificate.
- Real estate finance request form.
- Real estate details form.
- Copy of the real estate deed.
- Real estate location sketch.
Or through the following channels:
- Alinma phone (8001208008).
- Alinma branches.
* Terms and conditions apply.