Required DocumentsCustomer 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
Terms & conditions apply Required Documents for Residents
- Client's income sources are attached and studied based on: Commercial registry, Real Estate documents and Investment contracts.
- Approval of the Ministry of Interior for residency holders, except for clients with unlimited duration premium residency.
- Valid ID
- 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 for Residents
- Copy of the title deed
- Copy of building permits
- Copy of owner ID
- Sketch of property location
- Filling “property information" form
- Filling “financing" form
*Terms & conditions apply
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FAQs
Is there any management fee? The management fee is 1% of the financing amount with cap of SAR 5,000. Can a finance be obtained if the customer is a fixed duration residency holder?Yes
Is there a specific nationality to which grants are limited?There is no specific nationality to which grants are limited
Does the financing include commercial properties?
The financing is limited to residential or mixed-use (residential-commercial) properties, depending on the product type
How the profit margin is calculated?Here is an example of how the profit margin is calculated: Home Financing
| | Real Estate value | SAR 500,000 | | Finance amount | 90% of real estate value | | Type of profit margin (Fixed or Variable) | Fixed Rate
| | APR | 7.23% | | Management fees | Management fees is 1% of the Financing Amount with Cap. of SAR 5,000 | | Finance duration | 30 years | | Type of installments | Funding principal and profit
| | Monthly installment | SAR 2,993.75 | | Early settlement | The value of the remaining asset with an additional 3 months earnings
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Example for Residents
Example 1: Finance amount 1 million 
1,000,000
| Asset Price | 300,000
| Downpayment (30% of the asset price) | | Fixed | Profit rate type | | 6.25% | APR | | 25 Years | Tenor | | Principle and Profit | Installment type | 700,000
| Finance amount | 5,040.00
| Monthly installment
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Example 2: Finance amount 800,000
800,000
| Asset Price | 240,000
| Downpayment (30% of the asset price) | | Fixed | Profit rate type | | 6.25% | APR | | 25 Years | Tenor | | Principle and Profit | Installment type | 560,000
| Finance amount | 4,032.00
| Monthly installment
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Example 3: Finance amount 2 million2,000,000 | Asset Price | 600,000
| Downpayment (30% of the asset price) | Fixed | Profit rate type | 6.25% | APR | 25 Years | Tenor | Principle and Profit | Installment type | 1,400,000
| Finance amount | 10,080.00
| Monthly installment
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How to get the product or service for Residents ? • Customer visits one of Al Bilad Bank's sales channels (branches, direct sales, tele sales)• The customer applies to purchase the property• The order is applied through the system• The application will be analyzed based on the said terms and conditions.• If the application is approved, the necessary documents will be signed by the client.
Risk Disclaimer
- You must review and know the materials used inthe construction of the house and take guarantees, if any.
- It is important for the customer to make sure to pay the dues on time, as the customer's credit record is adversely affected in the event of default or late payment
*Terms and conditions apply The annual percentage rate varies based on the amount and maturity period and Subjected to the customer's credit history
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