A finance product that allows you to construct or finish your property using finance payments to be paid according to the 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).
- Freedom of property design and construction.
- Providing an initial finance calculation.
- Financing up to the age of 75 years.
- Financing up to SAR 10 Million.
- No down payment required.
- Possibility of financing non-accredited entities.
- Settlement period up to 25 years.
- Possibility of applying the flexible installment feature.
- Acceptance of real estate all over the Kingdom.
- No Property transactions tax.
- 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.
- Copy of real estate deed.
- Building permit.
- Real estate location sketch.
Or through the following channels:
- Alinma phone (8001208008).
- Alinma branches.
* Terms and conditions apply.
*Note: The self-construction financing 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.