Home and Cash

Realize the ultimate in financial flexibility, with our combined home and personal finance solution.

Home and Cash

We give you the flexibility of a Home Finance plan with a Personal Finance option, to make sure you have the funds you need to meet your goals. And now you can apply individually or jointly with a family member. Our experienced advisors work your monthly repayments around your salary to get you the highest possible credit limit.

Here’s an example of how we’d calculate your limit and monthly repayments, given a salary of SR 15,000:



Before


Now


Home Finance for 30 years
SR 880,000
SR 1,700,000
Personal Finance for 5 years
SR 270,000
SR 270,000

The figures are approximate.

Key features:

  • We’re Shariah compliant
  • You can apply for joint finance with a family member
  • We offer you competitive finance rates
  • You’d get your finance within 5 days
  • We offer a repayment period of up to 30 years for home finance
  • We offer a repayment period of up to 5 years for personal finance
  • Your remaining repayments would be waived in the event of death or complete disability
  • We provide free insurance against fires and natural disasters

Finance options:

  • Fixed rate finance (Murabaha): finance land, apartments, ready or under construction villas, and residential buildings
  • Variable rate finance (Ijara): finance ready villas

Eligibility and Documents

To qualify, you:

  • Need to be a Saudi national
  • Should have a minimum salary of SR 10,000
  • Need to have been employed for at least the past 3 months
  • Need to be older than 21

Documents you’ll need to supply:

Frequently asked questions:

Home and Cash Calculator

“I want to apply for both home and personal finance.”

Please answer a few questions via our form and click “calculate” to view your personal offer.

Home and Cash Calculator (Joint Applicant)

“We want to apply for both home and personal finance.”

Please answer a few questions via our form and click “calculate” to view your personal offer.

First Applicant

Terms and Conditions apply. Annual Profit Rate (APR) starts from 3.79% for personal finance and 3.53% for home finance. Appraisal fee is 1% or SR 5000 whichever is lower* for each of home finance and personal finance. All fees & service charges are available on our website and in our branches. The products advertised in this marketing material are not suitable for customers of age below 21 years old.

*5% VAT Applicable.

Call us on 800 124 2525 or visit your nearest Alawwal Bank branch

APPLY NOW

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Alawwal Bank