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Home Finance

Why buying is right for you

We offer a wide range of Home Finance products for first time buyers, those looking to refinance or move their existing home finance/loan or buy an investment property. If you can dream it wecan help to make it a reality. Why not own an asset that is likely to appreciate instead of wasting your money on rent.

  1. Sharia Compliant
  2. Investment
  3. Privacy
  4. Equity

Murabaha Home Finance Explained

  • Buying The Property

    Buying the Property

    Under Real Estate Murabaha, we acquire the property from the Seller on your behalf

  • Charge Over Property

    Charge over property

    After acquiring the property, we will sell it to to you against deferred installments made by you

  • Transfer Of Property To You

    Transfer of Property to you

    To cover our exposure, this financing is secured by way of a charge over the property.

Why borrow with Al Rajhi?

  • Home Finance Murabaha

    Home Finance Murabaha

    Real Estate Murabaha gives you the flexibility to obtain financing for property or land from either:

    • The primary (direct from the Developer) or
    • The secondary (re-sale) market
  • Watani Flex Copy

    Long Term Savings

    Buying a home is a long term financial commitment but in the end the reward is significant because unlike renting you will have made an investment in your future instead of someone elses.

View other home finance products that may be suitable for you

  • Home Personal Finance

    Home + Personal Finance

    Get Both home financing to purchase a house or apartment as well as sufficient personal financing to achieve your dreams or fulfill your other obligations.

    Learn More
  • GHF

    Government Housing Finance

    We offer Madoum and Moajal Housing Finance to REDF customers to purchase the property of their choice.

    Learn More

mokafaa is now even more rewarding, as you can earn points across your bank product portfolio! mokafaa points can be redeemed in store or online with leading brands, transferred to your friends, family or charity

 

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Home Finance Calculator

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This calculator and is intended for use as a guide only. Results calculated do not constitute an offer and have no legal effect on any contracts signed between you nd Al Rajhi Bank.

Avoid Risks, get the safe finance solution:

Get the most secure finance, Al Rajhi bank customers can obtain refinance at competitive rates, without going to unreliable financers. Avoid risks, and benefit from Al Rajhi bank solutions with the peace of mind that you deserve.

Getting a mortgage steps you should follow

Click to see how to mortgage application steps

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Apply for a mortgage

    • 1. Determine your budget
      Look at how much your mortgage payments will be relative to your income, ensuring you have the ability to pay.
    • 2. Agree a mortgage with us in principle
      Look at the mortgages that we have on offer and choose the one that suits your situation the best.
    • 3.Find the right home
      Must be fully constructed with an independent title deed, no more than 25 years old, land must not be less than 200 Sqm (villa) and 80 Sqm (apartment).
    • 4. Finalise mortgage
      Finalising your mortgage with us is the last step to owning your own home.

Home Insurance

Property Insurance

What if your house is destroyed in a natural disaster?

Not only would you face rebuilding costs but where would you live? If you can't answer these questions, property insurance can.

Learn more

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  • Eligibility & Criteria

Eligibility & Criteria

  • Minimum Salary Starting from SAR 2,000 (SAR 1,900 for retirees)
  • Maximum Customer Age: Civilians: 60 or retirement age (which ever comes earlier)Retirees: 65 Military: subject to their rank retirement age

Required Documents

SALARY TRANSFER

  • Duly Filled Application form
  • Copy of Valid ID for Saudi National and Passport copy with valid IQAMA for Expats
  • Employment letter

SEND US AN EMAIL

contact@alrajhibank.com.sa

FOR ENQUIRIES IN KSA CALL TOLL FREE:

+966 92 000 5544
FAQ - Grace Period for Ministry of Health Employees
  • Are the ARB home finance products Shariah compliant?
    Yes. All ARB Home finance products are Shariah compliant and have been designed on the basis of Islamic principles.
  • Can I make an early settlement of the remaining amount?
    Yes, according to the terms of early settlement. You can contact us to find out more about the conditions.
  • What happens if I want to sell the property before the financing is paid off?
    You would need to make an immediate repayment of the principle outstanding amount by way of early settlement and we would transfer the title in your name or to the person you requested.