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Self-Construction Financing

Self-Construction Financing

Dear Partner,

With competitive advantages and in cooperation with the Real Estate Development Fund, we offer the self-construction product to build or complete the construction of your property in the form of payments (Murabaha) in exchange for the mortgage of the property to the bank. 

 

Advantages that meet your needs:

  • Administrative fees equivalent to 1% of the financed amount or SAR 5000 (whichever is less).
  • Financing period of up to 20 years
  • Financing up to the age of 70 years.
  • Fully Shariah-compliant

 

How to apply:

  • Partner Services: 8001208008
  • Visit Alinma branch

 

Simple, easy requirements:

  • Partners must first be accepted into the REDF financing program
  • Property to be financed must be zoned for residential use only
  • Copy of the building permit
  • Alinma Bank financing terms and conditions apply
  • ID Copy

 

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