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Real Estate Financing for Residents

Residential Real Estate Financing Programs for Residents

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​​Bank Albilad offers real estate financing for expatriates  as one of the real estate financing solutions, with multiple benefits that enable non-Saudis residing in the Kingdom of Saudi Arabia to own a home with flexible repayment periods and a competitive profit ​​​margin, through financing products that meet their needs with ease and convenience.​


​Benefits of Real Estate Financing for Expatriates 

  •  Real estate financing is available for holders of valid residency permits and premium residency .

  • Real estate financing amount up to SAR 5 million.

  • Minimum financing amount is 100,000.

  • Financing tenure extends until the customer reaches 60 years of age at the time of the last installment.

  • ​Compliant with the Shariah Committee regulations of Bank Albilad.

  • Fixed profit margin throughout the financing period.

  • No down payment is required for the self-construction and property mortgage products.

  • Financing tenure up to 25 years for holders of valid residency permits and premium residency 

  • Fast completion of all procedures .​

Terms and Conditions of Real Estate Financing for Non-Saudis*


  •  Opening a current account with Bank Albilad is required.
  •  Approval from the Ministry of Interior is required for expatriate customers, except for holders of Premium Residency .
  •  The minimum salary requirement is SAR 20,000.
  • Residential property financing is available across all regions of the Kingdom, subject to applicable regulations and government requirements.

  • A 30% down payment is required for ready units purchased from the market or off plan- under constrictions  ​, except for self-construction and property mortgage, where no down payment is required.

*Terms and conditions of the product and credit policy apply.

List of Required Documents for Expatriates  Financing

  • Salary certificate.
  • Identification document (valid residency permit / Premium Residency).
  • Disclosure form.
  • Completed financing application form.
  • Property deed.
  • Building permit.
  • Survey report, if the property is an apartment.
  • Completed customer declaration and disclosure of personal obligations.
  • Completed “Expatriate Real Estate Financing Application” form.
  • Alary transfer letter to Bank Albilad (if salary transfer is applicable).​
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FAQs​

Is it possible to obtain financing if the customer holds a limited-duration Iqama?

Yes.

Is the financing limited to a specific nationality?

No, the financing is not limited to any specific nationality.

Does the financing include commercial properties?

The financing is limited to residential or residential-commercial properties only.

What products are covered under real estate financing for expatriates?

  •  Purchase of a ready property from the market.
  • ​ Self-construction.
  • Purchase of a residential off plan- under constrictions ​

  •   Finance Against Mortgage Financing​


 How the profit margin is calculated?

Here is an example of how the profit margin is calculated:​

Example 1:

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 ProfitInstallment type
700,000 
Finance amount
5,040.00 
Monthly installment

The annual percentage rate varies based on the amount and maturity period and Subjected to the customer's credit history 

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Example 2:

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

The annual percentage rate varies based on the amount and maturity period and Subjected to the customer's credit history 


Example 3

2,000,000 
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

The annual percentage rate varies based on the amount and maturity period and Subjected to the customer's credit history 



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