Apply for Off Plan Home Finance | Personal Banking | Mortgages

Financing amount up to

5,000,000

Financing up to 90%* of the property value

Finance term up to 30 years

*Terms and conditions apply.

Calculate how much your dream home will cost

1. Salary Assigned ?

Yes No

Property Value

250,000 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 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

Benefits of getting off plan finance with Emirates NBD

Finance amount up to

5,000,000

Finance to value up to 90%*

Finance period up to 30 years

Finance in fixed pricing and a fixed competitive annual percentage rate

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

*Terms and conditions apply.

Eligibility

Applicant must be a Saudi National
The applicant must be 21 years old
Property must be a within the approved developers by Emirates NBD
Applicant’s length of service should not be less than 3 months in his current job and a total of 2 years work experience
Minimum monthly salary of 8,000 for salary transfers customers and 10,000 for non-salary transfer customers and 50,000 for self-employed

Example: For a home financing of 1,000,000 over 20 years, the APR will be 4.70% and the monthly installment would be 6,200. In case of early settlement, 3 following months profit will be charged. Management fee of 1% from financed amount or capped at 5,750 whichever is lower (including vat).
Terms and conditions apply

Required Documents

For a better experience, please prepare the following documents:

A Sale contract between the applicant and the developer
A signed price quotation from the approved developer
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

Frequently Asked Questions

Are Home Finance products Shariah compliant?

Yes, all products are approved by the bank’s Shariah Committee.

What are the properties financed by the bank?

Villas
Apartments
Lands
Residential buildings (Up to 4 units)
Off plan units

Is REDF approval mandatory on the property that I want to buy?

Is REDF approval mandatory for the financing to be subsidized (supported)?

Yes, there are specific conditions that must be met by the Real Estate Development Fund “REDF” to be eligible for the supporting programs offered by them.

Can I make an early settlement of the finance amount with the Bank?

Yes, provided that you meet the Bank’s terms and conditions.

What is the administration fee amount?

1% of the finance amount up to 5,750 whichever is lower (including VAT and evaluation fees).

What is the minimum down payment required when purchasing a property?

10% of the first property
30% of the second property

Who owns the title deed of the property?

The property will be registered under the customer’s name while the title deed is pledged to the bank.

What is the maximum acceptable age for the property?

35 years for villas
25 years for apartments & residential buildings