Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Al Awwal Bank - Home Loan Transfer Al Awwal Bank - Home Loan Transfer Minimum Salary: SAR 10,000 Salary Transfer: Yes Early Settlement Fees: Yes Maximum Term: 0 Years Flat Rate: 3.53% Reducing Rate: -
Apply Online Now
Fill in your details below and a product advisor will call you back with more details.
Some required information is not valid
Transferring your home finance to Alawwal Bank is quick and simple to do, and we’ll make sure you receive great rates, exceptional service and a range of other benefits. Calculate your monthly repayments if you transfer your home loan to us today.

Eligibility:
  • Minimum Salary: SR 10,000
  • Minimum Employment Period: 3 months
  • Age: 21 and above
Features
  • Competitive profit rate
  • Finance up to SR 5,000,000
  • Get your finance in only 5 days
  • Exemption from remaining repayments in case of death or complete disability
  • Free insurance against fires and natural disasters
  • Available for Saudi nationals and expatriates
  • Build on your land during the financing period
Documents Required
  • Your completed Home Finance application form
  • Price quotation document
  • Copy of the title deed (both sides)
  • Letter of acknowledgement that you inspected the home
  • Location map of the home
  • Copy of the Building Permission*
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
Riyad Bank - Home Equity Incomplete Property
Minimum Salary
SAR 5,000
Reducing Rate
3.33%
National Commercial Bank - Residential Finance
Minimum Salary
SAR 3,000
Reducing Rate
6.71%
Alawwal Bank - Home Finance
Minimum Salary
SAR 10,000
Reducing Rate
3.33%
Samba - Ready / Under Construction Villas
Minimum Salary
SAR 5,000
Reducing Rate
9.59%