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Flexible Real Estate Financing

Flexible Real Estate Financing by Bank Albilad
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Two in one financing from Bank Albilad!
Looking forward to getting the maximum cash you want? Bank Albilad made that possible with the flexible real estate financing. Though this program, you can now get both personal and real estate financing at the same time by optimizing your maximum credit limit.
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What are the features of the Flexible Real Estate Financing by Bank Albilad?

  • ​Sharia-compliant financing service
  • Financing period of up to 25 years  
  • Competitive and fixed profit rate during the whole contract period
  • Available with no salary transfer for banks employees and approved sectors employees
  • Up to 65% for the debt burden ration "DBR"
  • Ability to apply for financing jointly with one of your first-degree relatives
  • Early settlement is available as per SAMA regulations
  • No guarantor required​

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
  • Real estate must be located within urban area  
  • Period of employment must 1 month or more at the current employer
  • Customer should be 70 years or younger when making the last payment
 

Required Documents

Customer Documents 

  • 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 
  • Copy of owner ID
  • Sketch of property location
  • Filling “property information” form
  • Filling “financing” form​

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?