Your installment equals your REDF support
For self-construction & off-plan products
Down Payment Subsidy Feature is one of MOH and REDF Program & one of the solutions to help Al Rajhi Bank customers to facilitate owning Residential Unit under Construction & Ready units immediate and un-refundable subsidy as down payment subsidy.
Client Politics
The client must be a beneficiary of the Real Estate Development Fund or the Ministry of Housing.
Shariah financing
Shariah compliant financing
REDF support
The installment is equal to REDF support if customer benefit from the monthly support.
Payment support
The installment is equal to 400 riyals if customer benefit from the down payment support package.
Up to 30 years
Loan Tenor can extend up to 30 years.
For all employers
Available for approved and un-approved employers.
“ waiver/exemption of outstanding finance amount in the event of death or disability”
Terms and Required documents
Terms and Conditions
In case customer benefit from the feature on the self-construction product, "the required conditions and documents for the self-construction product apply".
In case customer benefit from the feature on the off-plan product, "the required conditions and documents for the off-plan product apply".
How much money can you borrow?
The first step for you is to explore the amount you can borrow. Typically, you can borrow up to 53 times your salary to buy a land. The tables will give you closer idea.
Single applicant
| Your Monthly Salary | You Can Borrow 20 years | You Can Borrow 30 years | You Pay Monthly |
| SAR 5,000 | SAR 353,357 | SAR 477,454 | SAR 2,500 |
| SAR 8,000 | SAR 621,908 | SAR 840,318 | SAR 4,400 |
| SAR 10,000 |
SAR 848,057 |
SAR 1,145,889 |
SAR 6,000 |
| SAR 12,000 | SAR 1,060,071 | SAR 1,432,361 | SAR 7,500 |
| SAR 15,000 | SAR 1,272,085 | SAR 1,718,833 | SAR 9,000 |
Joint applicants
| Your Monthly Salary | Salary of Joint–Applicant | You Can Borrow 20 years | You Can Borrow 30 years | You Pay Monthly |
| SAR 5,000 | SAR 3,000 | SAR 621,908 | SAR 840,318 | SAR 4,400 |
| SAR 7,500 | SAR 5,000 | SAR 954,064 | SAR 1,289,125 | SAR 6,750 |
| SAR 10,000 | SAR 8,000 | SAR 1,272,085 | SAR 1,718,833 | SAR 9,000 |
| SAR 12,000 | SAR 10,000 | SAR 1,590,106 | SAR 2,148,541 | SAR 11,250 |
| SAR 15,000 | SAR 12,000 | SAR 1,908,127 | SAR 2,578,249 | SAR 13,500 |
Home Finance Calculator
Please note that this calculator only helps you calculate the approximate financing amount and does not represent the exact amount of financing and payments. For actual approval details, please contact us at 8001241222
Your Monthly Payment SAR
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Your Finance Amount SAR
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Total Amount Payable SAR
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APR
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