Off Plan Financing

Off Plan Financing by Bank Albilad

​Last update on 19-08-2020

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 
  • 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 30 years
  • Financing amount up to SAR 5,000,000
  • 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
  • A statement of salary transfer from employer

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

Project NameUnit TypeProject file
RiyadhEskan 1Apartments
Click here
RiyadhMarseyah Apartment - Town House
Click here
RiyadhEshrag LivingVillas
Click here
RiyadhNabd Qayrawan Apartment - Town House
Click here
RiyadhBawabt Alsharq Villas - Town House Click here
Shams Aldeyar Villas - Town House Click here
Nisaj Town Villas - Town House Click here
Al Bayraq
Click here
MakkahAlrasifah Apartments Click here
AlmadinahDorat Almadinah Apartments Click here
AlmadinahDorat Almadinah 2 Apartments Click here
JazanAlsafwah Garden Apartments Click here
TabukBasatin Tabuk Villas Click here
JeddahFinan Apartments Click here
JeddahTelal Alghoroub Apartments Click here
JeddahAljawhrah Residence Apartments Click here
JeddahA'ali Jeddah Apartments Click here
JeddahRoba Jeddah Apartments Click here
JeddahBouvardia City Apartments Click here
TayefAlworod City Villas Click here
AlahsaDeyar Alahsa Villas - Town House Click here
AlahsaAlbayraq Villa Villas Click here
RiyadhDeyar Alsaad Villas Click here
Khamis Mushait 
Wahat Alkhamis Villas - Town House
Click here
​Khamis Mushait
​Telal Alkhamis
Click here
Wahat mada Apartments Click here
Click here
Yanbu Aldeyar pearl Town House Click here

Terms & Conditions apply



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:

Off-plan Financing ​
Real Estate valueSAR 500,000
Finance amount90% of real estate value
Type of profit margin (Fixed or Variable)Fixed Rate 
Management feesManagement fees is 1% of the Financing Amount with Cap. of SAR 5,000
Finance duration30 years
Type of installmentsFunding principal and profit 
Monthly installmentSAR 2,993.75
Early settlement
The value of the remaining asset with an additional 3 months earnings
*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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