Apply for Murabaha Home Financing | Personal Banking | Mortgages

Finance up to 5,000,000 Saudi Riyals

Loan term up to 30 years

Available for government, Semi-Government, and Private Sectors

1. Salary Assigned ?

Yes No

Property Value

300,000 SAR 5,000,000 SAR

Tenor

5 Year(s) 30 Year(s)

Down Payment

10 % 90 %

* Interest rates vary by tenor & subject to bank policy
In case of early settlement, 3 following months profit will be charged.
Management fee of 1% from financed amount or capper at SAR 5,000 whichever is lower (including evaluation fee).

Last modification: 10^th April 2025

With Home Financing, monthly installment is

SAR

APR may differ depending on the amount and maturity period and subject to credit scoring of each customer.

*Subject to terms and conditions.

Features and Benefits

Owning your dream home is now easier

An approved product by the Shariah committee in the form of Murabaha

Available in fixed pricing and financing with a fixed competitive annual percentage rate

Available for government, semi-government, and private sectors

Loan to value starts from 85% up to 90%**

Maximum financing amount up to 5,000,000 Saudi Riyals

Financing period up to 30 years

Waiver of outstanding amount in case of death or permanent disability, God forbid

Fast and easy processing

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

Eligibility

Applicant must be a Saudi National
The applicant must be 21 years old
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 9,000 for salary transfer customers and SAR 12,000 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

Required Documents

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

A house that your family can call home

Features and Benefits

Owning your dream home is now easier

Eligibility

Required Documents

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