Alinma Bank House Loan - Real Estate Financing 

Minimum Salary needed Not mentioned
Maximum amount available S.R. 5 Million
Length of Loan 30 years
Profit Rate Not mentioned
Upfront Fees ( if any ) No
Eligibility The property should not be older than 15 years; The property needs to be located within an urban area; Employer must be from the Alinma list of approved employers
Main Features Exemption of beneficiaries in case of death; Liberty to choose a property under construction or uncompleted from Authorized real estate office; Liberty to choose appropriate dwelling (villa, apartment,building, rest house, land); Possibility of joint liability between any 2 persons – Family relation is not a mandatory condition (for the first time in the Kingdom); Guarantor is not required; Possibility of early possession (best cost in Early repayment); First Time in Saudi Arabia: Available for both Saudies and legal residents; 30 - year term: Profit margin recalculated every 2 years; 30 - year term: Profit margin recalculated every 5 years; 15 - year term: Fixed profit margin