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).
- 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).
- Profit margin starting from 2.99% and APR 5.62%
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.
*Note: The Land and Construction product may carry certain risks associated with the product, such as, but not limited to, fluctuations in stock prices. By submitting your financing application, you acknowledge your full awareness of the risks associated with this product.