Best Self Build Finance in Saudi Arabia
13-07-2025
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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.
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What are the differentiating features of the self-build financing?
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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
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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
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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.
How the profit margin is calculated?Here is an example of how the profit margin is calculated: | Self-build Financing | | | Real Estate value | SAR 500,000 | | Finance amount | 90% of real estate value | | Type of profit margin (Fixed or Variable) | Fixed Rate | | APR | 6.70 % | Management fees
| Management fees is 1% of the Financing Amount with Cap. of SAR 5,000 | | Finance duration | 25 years | Type of installments
| Funding principal and profit
| Finance Amount
| 450,000.00 SAR
| | Monthly installment | 3,093.75 SAR
| | Early settlement | The value of the remaining asset with an additional 3 months earnings
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Risk Disclaimer
You must review and know the materials used in the 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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