Real Estate Financing
We contribute to the realization of your dream by financing the completed or unfinished property with a completion rate of 70%, in the form of Murabaha that is fully Shariah-compliant, and which reflects our values based on innovation, respect and transparency.
Features That Meet Your Needs:
- 9 days to own your property.
- Competitor's profit margin.
- Financing without salary transfer.
- Financing up to the age of 75 years.
- Acceptance of real estate all over the Kingdom.
- Possibility of financing for non-accredited entities.
- Exemption of beneficiaries in case of death*
- Liberty to choose appropriate dwelling (villa, apartment, building, rest house, land)
- Funding up to S.R. 10 Million
- Settlement period up to 25 years*
- Administrative fees equivalent to 1% of the financed amount or SAR 5000 (whichever is less)
- fully Shariah compliant
- Easier Requirements For A Better Service
For The Completed Property:
- Global limit request.
- Price offer.
- Real estate deed and owner's details (name and contact information).
- Bring the legal agency and the ID of the legal agent (in the case of there is an agent for the owner).
- Municipality permission letter.
- 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 30 years*
- The property needs to be located within an urban area
- The property should be built and equipped with services
- Service availability (water, electricity)
- ( Esterahah – chalet – Agriculture land- Villa – Residential Building – Commercial Building – Apartment)
(Global limit) application requirements:
- Open a current account with Alinma Bank
- Obtain a certified letter from your employer indicating your salary and service period details
- ID Copy
*For more information Please call 8001208008