Home Building Finance

Finance the construction of your future home with instant approvals for up to SR 2 million.

Home Building Finance

Get up to SR 2 million in finance to build your house or complete its construction through our “Home Building Finance Program”. Find out how much you can borrow and apply for your finance in only five minutes!

Key features:

  • Shariah-compliant financing
  • Financing of up to SR 2,000,000 (minimum SR 200,000)
  • Suitable for building on a land or for incomplete villa construction
  • Instant approval
  • Repayment period of up to 15 years (minimum 5 years)
  • Competitive and fixed profit rate
  • Finance up to 70% of land value
  • Waiver of the remaining installments in case of death or complete disability*
  • Free life and home insurance against fire and natural disasters*

*As per insurance terms

Eligibility and Documents



Government/Semi-Government


Military Sector (Captain or Above)


Private Sector


Pensioner


Minimum Salary
SR 10,000
SR 10,000
SR 10,000
SR 10,000
Minimum period in current job
1 year
1 year
2 years
When retirement starts
Age
25 to 60
25 to 60
30 to 60
35 to 60


Documents you’ll need to supply:

  • Your completed application form
  • A copy of your ID/Iqama
  • A letter from your employer
  • A salary transfer form
  • A medical certificate
  • A copy of the title deed (both sides)
  • Construction quotation and home location map
  • A copy of the Construction Permit
  • Price offer of the land from the owner (in this case the customer)

Frequently Asked Questions

Terms and Conditions apply. Annual Profit Rate (APR) starts from 3.53%. Appraisal fee is 1% or SR 5,000 whichever is lower*. 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 25 years.

*5% VAT Applicable.

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

APPLY NOW

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Alawwal Bank