Refinance Your Property and Access Additional Funds with Ease
A financing product that allows you to refinance your existing real estate loan with alinma, providing access to additional funds. Available to all non-subsidized customers, the Real Estate Refinance Product offers flexible repayment options designed to suit your financial needs.
Features that meet your needs:
• Fully Sharia-compliant financing based on Murabaha (goods).• Access the difference in amount after settling your existing real estate debt.
• Initial financing estimates to support better financial planning.
• Financing up to SAR 10 million and available until the age of 75.
• Financing may be accessible for non-accredited entities.
• Flexible repayment terms of up to 25 years.
• Acceptance of ready properties up to 30 years old.
• Option to apply the flexible installment feature.
• Nationwide property acceptance.
• No down payment required.
• Exemption from real estate transaction tax.
• Salary transfer not required for financing.
• Structured monthly repayment schedule for better financial planning.
• Early payment option to ease financial commitments.
• Debt waiver in case of death or total disability (terms and conditions apply).
• Administrative and property evaluation fees of 1%, capped at SAR 5,000.
• APR starting from 7.50%.
Easier Requirements for a Better Service:
• Open a current account with alinma.• Obtain credit approval.
• Provide a valid national ID.
• Submit a salary certificate.
• Complete the real estate finance application form.
• Submit a property quotation from an approved project.
• Attach an Istisna’a contract signed by the accredited real estate developer.
Or through the following channels:
•alinma website.
• alinma Phone: 8001208008
•Visit the nearest branch.