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 Real Estate Financing “Dari”

 Real Estate Financing “Dari” by Bank Albilad

14-10-2024

Your first home is closer than ever!

We at Bank Albilad are keen to provide you with the best real estate financing solutions that meet your needs. With our Shariah compliant financing, you can now own your home with a convenient payment method and a financing period of up to 30 years!  

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What are the features of the Real Estate Financing by Bank Albilad? 


  • Sharia-compliant financing service  
  • Competitive and fixed profit rate during the whole contract period
  • 5% down payment for REDF and MOH beneficiaries 
  • 10% down payment for all customers 
  • Financing period of up to 30 years
  • Up to SAR 5,000,000 financing amount
  • Available with no salary transfer for banks employees and approved sectors employees
  • Ability to apply for financing jointly with one of your first-degree relatives
  • Early settlement is available as per SAMA regulations
 
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Terms and Conditions  


  • Open current account with Bank Albilad
  • Customer must be 20 years or older
  • Customer must be an employee of a public or private sector approved by Bank Albilad.
  • Customer's salary should be 3,000 SAR or more
  • Customer should be 70 years or younger when making the last payment
  • Real estate must be located within urban area  
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Required Documents

Customer Documents 

  • Valid ID 
  • ID copy for military employees
  • A letter from the customer's employer indicating: monthly salary (Basic and allowances), job title, date of employment
  • A statement of salary transfer from employer ( in case financed with salary transfer)

Real estate documents

  • Copy of the title deed
  • Copy of building permits 
  • Copy of owner ID
  • Sketch of property location
  • Filling “property information” form
  • Filling “financing” form

Terms & conditions apply

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FAQs


Is there any management fee? 

The management fee is 1% of the financing amount with cap of SAR 5,000. 

 How the profit margin is calculated?

Here is an example of how the profit margin is calculated:
Home Financing ​
Real Estate valueSAR 500,000
Finance amount90% of real estate value
Type of profit margin (Fixed or Variable)Fixed Rate 
APR7.23%
Management feesManagement fees is 1% of the Financing Amount with Cap. of SAR 5,000
Finance duration30 years
Type of installmentsFunding principal and profit 
Monthly installmentSAR 2,993.75
Early settlement The value of the remaining asset with an additional 3 months earnings
*Terms and conditions apply
The annual percentage rate varies based on the amount and maturity period and Subjected to the customer's credit history 




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All Rights Reserved © 2024 Bank Albilad is a Saudi joint stock company, with National Unified No. 7001473102, Head Office: Al Mutamarat 8229, Building No 2, RIYADH 3952 - 12711, KSA. Under monitoring and supervision of Saudi Central Bank and licensed by Royal decree 48/M on 1425/9/21H (4/11/2004 G).


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