Home Finance

Fast and simple financing to help you buy the home of your dreams.

Home Finance

We’d love to help you finance your dream home, so we’ve simplified the process to help you move in faster. Now you can get finance individually or jointly too, so you can share your dream with your loved ones.

Key features:

  • We’re Shariah compliant
  • You can defer you first 6 payments for Murabaha
  • We offer a competitive profit rate
  • You can apply for joint finance with a family member
  • Your finance will be available in 5 days
  • We offer a repayment period of up to 30 years
  • We can finance up to SR 5 million
  • Your remaining repayments would be waived in the event of death or complete disability
  • You’re insured against fire and natural disasters
  • We can also finance home building or construction completion

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


Citizen Applicant


Citizen Joint-Applicant


Expatriate


Minimum Salary
SR 10,000
SR 10,000
SR 10,000
Minimum Employment Period
3 months
3 months
12 months
Age
21 to 60
21 to 60
25 to 60


Documents you’ll need to supply:

Frequently Asked Questions

Home Finance Calculator

“I’m planning to get a single applicant home finance.”

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

Home Finance Calculator (Joint Applicant)

“We’re planning to get a joint applicant home finance.”

Please answer a few questions via our form for each applicant and click calculate to view your personal offer.

First Applicant

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 21 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