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Real Estate Financing Buyout

Real Estate Financing Buyout by Bank Albilad
Apply Now!
Worried about your variable interest rate of your home financing?
Now with Bank Albilad you can settle your existing financing that you have with any other bank by getting a new real estate financing from Bank Albilad with a fixed profit margin and fixed instalments! 
Apply Now!

What are the features of the Real Estate Financing Buyout by Bank Albilad?

  • Sharia-compliant financing service 
  • Competitive and fixed profit rate during the whole contract period
  • Financing period of up to 25 years
  • Up to SAR 3,000,000 financing amount
  • Available with no salary transfer for banks employees and approved sectors employees
  • Ability to apply for financing jointly with one of your first-degree relatives
  • Early settlement is available as per SAMA regulations

Terms and Conditions

 
  • Open current account with Bank Albilad
  • Customer must be 20 years or older
  • Customer must be an employee of a public or private sector approved by Bank Albilad. 
  • Customer's salary should be 3,000 SAR or more
  • Customer should be 70 years or younger when making the last payment\
  • Real estate must be located within urban area   ​
 

Required Documents

Customer Doc​uments 

  • Valid ID 
  • ID copy for military employees
  • A letter from the customer's employer indicating: monthly salary (Basic and allowances), job title, date of employment
  • A statement of salary transfer from employer ( in case financed with salary transfer)

Real estate documents

  • Copy of the title deed
  • Copy of building permits 
  • Sketch of property location
  • Filling “property information” form
  • Filling “financing” form

Terms & conditions apply​

FAQs

How can I open a current account through Albilad App?
How can I open a current account through Albilad Net?
How can I request the printed Mada Card after I open my new account online?
How can I activate my Albilad net account?
Once I receive my mada debit card, how can I activate it?
If I don't have an Absher account, How do I authenticate my current account opening using the fingerprint ATM?
How Can I open a supplementary account through Albilad App?
How Can I open a supplementary account through Albilad Net?
What security settings can I change on my online checking account?
What are the services that I cannot avail by opening my account online?