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Off Plan Financing

Off Plan Financing by Bank Albilad
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Installment of the down payment with 0 % profit margin  
Get your dream home with Bank Albilad!

In cooperation with the Real Estate Development Fund and the Ministry of Housing, Bank Albilad offers you off plan financing. So, the wait is over! We give you the opportunity own your home from the approved development projects through the accredited developers with an easy and flexible financing options!
This program is under the supervision of “Wafi” committee.
 

What are the differentiating features of the Off-Plan Financing?

  • ​​​​​​​​​​Sharia-compliant financing service 
  • Installment of the down payment with 0 % profit margin   
  • Customer only pays part of the instalments “profit only” during the construction period and up to 24 months
  • Fixed profit margin during the whole contracting period
  • Up to 65% for the dept burden ration “DBR”​
  • Financing period of up to 25 years 
  • Financing amount up to SAR 5,000,000
  • Available with no salary transfer for banks employees and approved sectors employees
  • Available to retired customers also
  • Ability to apply for joint financing with one of your first-degree relatives
  • Competitive prices on real estate units in the off-plan projects
  • Guarantees on your property​

Terms and Conditions

  • Open current account with Bank Albilad
  • Customer must be 21 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 from the approved projects by MOH "Wafi committee"
  • 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

    Real estate documents

    • Providing price quotation for the unit desired from one of the approved projects by Bank Albilad
    • Filling “financing” form​
     

    The approved projects for Off-plan

    City Project Name Unit Type Project file
    Riyadh Riyadh Housing 1 Apartments Click Here
    ​Riyadh Sedra1 ​Town House - Villas Click Here
    Riyadh Murcia Apartment - Town House Click Here
    Riyadh ISHRAQ LIVING Villas Click Here
    Riyadh PULSE QIRAN Apartment - Town House Click Here
    Riyadh EAST GATE Villas - Town House Click Here
    Riyadh SHSMS ALDIYAR Villas - Town House Click Here
    Riyadh ​Saraya Al Narjis ​Apartment - Town House Click Here
    ​Riyadh ​Deyar Alsaad Villas Click Here
    Riyadh alrabiyah Villas Click Here
    Riyadh almuhanadiyadh Villas Click Here
    ​​Riyadh ​AL DHAHIA ​Villas - Town House Click Here
    Riyadh ​MASKAN HEIGHTS Villas Click Here
    ​Dammam no’ma’a Apartments Click Here
    Dammam Nisaj Town Villas - Town House Click Here
    Dammam Al Bayraq Villas Click Here
    Dammam ​Wahat mada Apartments Click Here
    Dammam Alfaredah Apartments Click Here
    Dammam ​nesaj town 2 Villas Click Here
    ​Dammam ​WAHET AL DAMMAM ​Villas - Town House Click Here
    Dammam ​SADEEN ​ Town House Click Here
    Dammam MADD ​ Town House Click Here
    Makkah Jawhrat Alrsaifeh Apartments Click Here
    Almadinah Apartments Click Here
    Almadinah DORAT ALMADINAH Apartments Click Here
    Almadinah DORAT ALMADINAH2 Apartments Click Here
    ​Almadinah ​ESKAN AL-MADUNAH Apartments Click Here
    Jazan Alsafwah Garden Apartments Click Here
    Jazan ​dhahiyat king abdullah Villas Click Here
    Tabuk Basatin Tabuk Villas Click Here
    Tabuk ​VALLET Tabuk Villas Click Here
    Jeddah ​OBHUR PARK Apartments Click Here
    Jeddah ​Jeddah Gardens Apartments Click Here
    Jeddah ​Tahliyah Gate Towers Apartments Click Here
    Jeddah Finan Apartments Click Here
    Jeddah Telal Alghoroub Apartments Click Here
    Jeddah Aljawhrah Residence Apartments Click Here
    Jeddah A'ali Jeddah Apartments Click Here
    Jeddah Roba Jeddah Apartments Click Here
    Jeddah Bouvardia City Apartments Click Here
    Jeddah Jeddah Jeddah Click Here
    ​Jeddah SAMA JEDDAH Apartments Click Here
    Jeddah ​DAR SUMO ​​Villas - Town House Click Here
    Tayef Alworod City Villas Click Here
    Alahsa ​Jadan life Villas Click Here
    Alahsa Deyar Alahsa Villas - Town House Click Here
    Alahsa Albayraq Villa Villas Click Here
    Khamis Mushait WAHET AL-KHAMIS Villas - Town House Click Here
    ​Khamis Mushait TELAL ALKHAMIS- One Trench ​Apartments Click Here
    ​Khamis Mushait ​The New Wahat Al-Khamis ​Villas - Town House Click Here
    Yanbu Aldeyar pearl Town House Click Here

    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?