Home Finance

Home Finance Calculator

Property Value

SAR 300,000 SAR 5,000,000

Tenor

1 Year(s) 30 Year(s)

Down Payment

10 % 90 %

Monthly Installment

SAR

* Interest rates are subject to daily change without notice and may affect the amount for which you qualify. The Bank reserves the right to cancel this pre-qualification at any time without any liability on the Bank or any of its directors and employees. The final approval will be subject to the Bank's credit policy and the satisfaction of all the securities and requirements requested by the Bank.

Murabaha Home Financing

A house that your family can call home

Own your home on installments with Murabaha Home Financing product. Features of this financing include:

An approved product by the Shariah committee in the form of Murabaha.
Financing with a fixed competitive annual percentage rate.
Available for Salary Transfer, Non-Salary Transfer and Self-employed customers.
Loan to value up to 90% for first home buyer*, and up to 70% for second home buyer
Maximum financing amount upto 5,000,000 Saudi Riyals
Financing period up to 30 years.

* Depending on segment type : Maximum 70% LTV for second property.

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Eligibility

Murabaha Home Financing

Applicant must be a Saudi National
The applicant must be 21 years old at the start of the funding, and not older than 65 years at the end of the payment
Property must be a within the boarders of the Kingdom of Saudi Arabia
Applicant’s length of service should not be less than 3 months
Minimum monthly salary of SAR 8,000 for salary transfer customers and SAR 10,000 for non- salary transfer customers

Example:For a home financing of SAR 1,000,000 over 20 years, the APR will be 7.22% and the monthly installment would be SAR 7,750. In case of early settlement, 3 following months profit will be charged. Management fee of 1% from financed amount or capped at SAR 5,000 whichever is lower (including evaluation fee).
Terms and conditions apply

Murabaha Home Financing

Applicant must be a Saudi National
The applicant must be 21 years old at the start of the funding, and not older than 65 years at the end of the payment
Property must be a within the boarders of the Kingdom of Saudi Arabia
Applicant’s length of service should not be less than 3 months
Minimum monthly salary of SAR 8,000 for salary transfer customers and SAR 10,000 for non- salary transfer customers

Required Documents

Murabaha Home Financing

For a better experience, please prepare the following documents:

The proof pf ownership.
A copy of building permit, and the building completion certificate.
A filled and signed seller’s proposal by the property owner.
A copy of the seller’s valid ID
Property location sketch.
Filling the home financing application form.
A detailed salary slip that includes the allowances “if any”.
A copy of the valid ID.
A statement of account for the last 3 months that shows receiving the salary.

Murabaha Home Financing

For a better experience, please prepare the following documents:

The proof pf ownership.
A copy of building permit, and the building completion certificate.
A filled and signed seller’s proposal by the property owner.
A copy of the seller’s valid ID
Property location sketch.
Filling the home financing application form.
A detailed salary slip that includes the allowances “if any”.
A copy of the valid ID.
A statement of account for the last 3 months that shows receiving the salary.

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Home Finance Fees and Charges

Suits your needs and is processed with ease and comfort

Home Finance Calculator

A house that your family can call home

Eligibility

Required Documents

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