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Decreasing flexible mortgage for military personnel

Decreasing flexible mortgage for military personnel


​Bank Albilad is keen to provide our customers with housing solutions that meets thier different needs. 

We are pleased to introduce the new decreasing flexible mortgage (Flexi DBR) financing initiative for Military Personnel to provide all the facilities and services for our valiant soldiers, where customers can be granted Military real estate financing until the age of 70 AH, instead of the date of retirement by military rank. 

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What are the financing products included in this program?


  • Ready Unit
  • Self-construction 
  • Off- plan 

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What are the differentiating features of the program?


  • Sharia-compliant financing service 
  • Real estate financing up to the age of 70 AH
  • Greater value of real estate financing through Flexi DBR financing
  • Flexible installments where the installment will be reduced after retirement
  • The possibility of obtaining other financing 

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Terms and Conditions


  • The customer has a current account with Bank Albilad
  • The customer must be at least 20 years old
  • The client is on the job in one of the military sectors
  • The customer’s net monthly income should not be less than 3,000 riyals

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Required Documents


Customer documents

  • A valid national ID card or family registry
  • Fill out the form of acknowledgment and disclosure of the client with his personal obligations
  • A copy of the work card for military sector employees
  • Fill out a real estate financing application form
  • A statement of salary transfer from employer ( in case financed with salary transfer)
  • A confirmation letter from the employer that includes the following:(monthly salary, start date of joining work and the end date of the employment contract, job position)

Real estate documents

  • A clear picture of the deed
  • A copy of the building permit
  • A clear sketch of the property’s location
  • Segmented real estate record (if exists)
  • Fill out the "Real Estate Information Display" form

How the profit margin is calculated?

Here is an example of how the profit margin is calculated:

Real Estate value1,510,221 SAR
Down payment value151,022 SAR
Financing ratio to property value90%
Type of profit margin (Fixed or Variable)Fixed Rate
(APR)7.81 %
Finance duration25 years
Installment typeFunding principal and profit
Financing Amount1,359,198 SAR
Client's salary (before retirement)17,000 SAR
Monthly installment before retirement11,050 SAR
Client's salary (after retirement)11,000 SAR
Monthly installment after retirement6,050 SAR
Early repaymentRemaining asset value with additional 3 months' profit


* Bank Albilad terms and conditions apply



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