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Self-Build Financing

Best Self Build Finance in Saudi Arabia
 
Building your dream home is now easier with Bank Albilad!
Now construct your dream home by availing quick and easy to apply self-building financing by Bank Albilad.

In cooperation with the Real Estate Development Fund and the Ministry of Housing, Bank Albilad offers you self-build construction loan. So, the wait is over! We give you the opportunity to build your desired property by 4 financing payments throughout the construction phases.
Apply Now!

What are the differentiating features of the self-build financing?

  • Sharia-compliant financing service 
  • 0% down payment 
  • The first payment can be up to 90% of the real estate value
  • Financing period of up to 25 years
  • Financing amount up to SAR 3,000,000
  • Available with no salary transfer for banks employees and approved sectors employees
  • Available to retired customers also ​

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  
  • Available only to REDF and MOH customers​
 

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 
  • 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?