Al Rajhi Bank Home Finance Calculator
Estimate your monthly Al Rajhi Bank home finance payment at current rates. Free, no signup.
fin·calc is an independent, unaffiliated calculator — not endorsed by, sponsored by, or affiliated with Al Rajhi Bank. "Al Rajhi Bank" is used only to describe typical rates and terms; confirm actual terms directly with the bank.
Al Rajhi Bank's Home Finance and Buyout Home Finance
Al Rajhi Bank runs its Real Estate Finance under Murabaha, split into a standard purchase product and a separate refinance/buyout product, according to alrajhibank.com.sa (accessed 24 September 2026).
| Product | Purpose | Max amount | Tenure |
|---|---|---|---|
| Home Finance | Buy a Ministry of Housing project unit or a ready market property | Up to SAR 5 million | Up to 30 years |
| Buyout Home Finance | Transfer an existing mortgage from another bank, REDF or non-REDF | Up to SAR 5 million | 5, 10, 15, 20 or 25 years |
Both products finance to age 70 and require at least 3 months in the applicant's current job. The minimum monthly salary is SAR 7,000 for customers who transfer their salary to Al Rajhi, or SAR 10,000 for those who don't. Home Finance is open to salaried and non-salaried applicants, Saudi nationals and resident expats, and both approved and unapproved employers; Buyout Home Finance requires Saudi nationality. Both offer a grace period of up to 3 months, and Buyout additionally allows deferring the first two instalments. Neither product page states a specific processing fee or a dated profit-rate figure — Al Rajhi describes only a "competitive and fixed profit margin throughout the financing period," set per applicant. (Al Rajhi Bank Home Finance and Buyout Home Finance pages, accessed 24 September 2026)
Sakani and REDF-subsidised financing
Al Rajhi Bank also runs a dedicated product for beneficiaries of the Real Estate Development Fund (REDF) or the Ministry of Housing — the government bodies behind Saudi Arabia's Sakani homeownership programme. On this product, the bank pays an "immediate and un-refundable subsidy as down payment" toward an under-construction or ready residential unit, and the customer's monthly instalment is then set equal to one of two things: their ongoing REDF monthly support payment, or, under the down-payment-support option, a flat SAR 400 a month. The product is open to both salaried and non-salaried applicants, Saudi nationals and residents, and approved or unapproved employers, with financing running up to 30 years and including a death/disability waiver. Al Rajhi's page also notes that qualifying customers can borrow up to roughly 53 times their salary toward buying land, with the exact amount set by the bank's own calculator for single or joint applicants. (Al Rajhi Bank REDF/Ministry of Housing support page, accessed 24 September 2026)
Worked example
Al Rajhi Bank does not publish a dated APR or a step-by-step repayment example on its Home Finance or Buyout pages, so the figures below are this page's own illustrative calculation using the calculator above — not a number quoted by the bank:
Illustrative: SAR 1,000,000 over 25 years at a 6.25% illustrative profit rate (the calculator's default inputs, which you can change above):
- Monthly payment: SAR 6,597
- Total profit: SAR 979,008
- Total payable: SAR 1,979,008
For a REDF-subsidised purchase, the calculator above doesn't apply the same way: your instalment would instead be set to your REDF monthly support amount or to SAR 400 under the down-payment-support option, not calculated from a rate and term. Ask Al Rajhi for your actual profit rate and amortisation schedule before comparing lenders.
Frequently Asked Questions
How much can Al Rajhi Bank finance for a home, and over what term?
Al Rajhi Bank's Home Finance (Murabaha) and Buyout Home Finance products each finance up to SAR 5 million, over a term of up to 30 years (Buyout offers fixed 5, 10, 15, 20 or 25-year terms). Financing runs to age 70 (alrajhibank.com.sa, accessed 24 September 2026).
What salary and age do I need for Al Rajhi home finance?
Al Rajhi requires a minimum monthly salary of SAR 7,000 for salary-transfer customers or SAR 10,000 for non-salary-transfer customers, at least 3 months in the job, and an applicant age between 18 and 70. Home Finance is open to Saudis and resident expats; Buyout Home Finance requires Saudi nationality (alrajhibank.com.sa, accessed 24 September 2026).
Does Al Rajhi Bank support Sakani or REDF-subsidised home purchases?
Yes. Al Rajhi's REDF/Ministry of Housing product gives beneficiaries an unrefundable government subsidy as a down payment, with the instalment set equal to either the customer's REDF monthly support or a flat SAR 400 under the down-payment-support option, over terms of up to 30 years (alrajhibank.com.sa, accessed 24 September 2026).
Does Al Rajhi Bank publish a fixed home finance profit rate?
No dated APR or profit-rate figure is published on Al Rajhi Bank's Home Finance, Buyout or REDF product pages as of 24 September 2026 — the bank describes only a "competitive and fixed profit margin" set per applicant. Use the calculator's rate field as an illustrative input and confirm your actual profit rate with the bank.
Sources
- Al Rajhi Bank — Home Finance (accessed 24 September 2026)
- Al Rajhi Bank — Buyout Home Finance (accessed 24 September 2026)
- Al Rajhi Bank — REDF/Ministry of Housing support (Sakani) (accessed 24 September 2026)