Real Estate Refinance
The possibility of refinancing the clients with an existing real estate financing with the bank with the opportunity to obtain an additional cash amount.
Features:
Installment starting from 400 SAR during the construction period for 36 months.
Exclusively to Al Rajhi Bank with the cooperation with National Housing Company.
Annual Profit Rate starts from 7.75%
Financing Amount up to SAR 5 Million.
Accepting all customers, whether Saudi or Resident.
Terms and Required documents
Terms and Required documents
- For Non-REDF Customers.
- Salary starts from SAR 5,000
- The product’s T&C Apply.
How much money can you borrow?
The first step for you is to explore the amount you can borrow. Typically, you can borrow up to 53 times your salary to buy a land. The tables will give you closer idea.
Single applicant
| Your Monthly Salary | You Can Borrow 20 years | You Can Borrow 30 years | You Pay Monthly |
| SAR 5,000 | SAR 353,357 | SAR 477,454 | SAR 2,500 |
| SAR 8,000 | SAR 621,908 | SAR 840,318 | SAR 4,400 |
| SAR 10,000 |
SAR 848,057 |
SAR 1,145,889 |
SAR 6,000 |
| SAR 12,000 | SAR 1,060,071 | SAR 1,432,361 | SAR 7,500 |
| SAR 15,000 | SAR 1,272,085 | SAR 1,718,833 | SAR 9,000 |
Joint applicants
| Your Monthly Salary | Salary of Joint–Applicant | You Can Borrow 20 years | You Can Borrow 30 years | You Pay Monthly |
| SAR 5,000 | SAR 3,000 | SAR 621,908 | SAR 840,318 | SAR 4,400 |
| SAR 7,500 | SAR 5,000 | SAR 954,064 | SAR 1,289,125 | SAR 6,750 |
| SAR 10,000 | SAR 8,000 | SAR 1,272,085 | SAR 1,718,833 | SAR 9,000 |
| SAR 12,000 | SAR 10,000 | SAR 1,590,106 | SAR 2,148,541 | SAR 11,250 |
| SAR 15,000 | SAR 12,000 | SAR 1,908,127 | SAR 2,578,249 | SAR 13,500 |
Home Finance Calculator
Please note that this calculator only helps you calculate the approximate financing amount and does not represent the exact amount of financing and payments. For actual approval details, please contact us at 8001241222
Your Monthly Payment SAR
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Your Finance Amount SAR
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Total Amount Payable SAR
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APR
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