Enjoy NCB’s Real Estate Finance by meeting the following conditions:  

• Applicant must be a Saudi national
• Minimum acceptable monthly salary of S.R 5000
• Should be in current employment for at least 1 year continuous employment.
• Applicant’s age should be no less than 25 and no more than 60 at the time of the last installment payment
• Applicant must be working either in the government sector or the private sector pre-approved by NCB.
• First installment payment is at a 10% rate
• New Apartment and Villas (12 months old or less) would require 5% down payment.
• Villas & Apartments that are over 12 month old require 10% down payment (Noting that the maximum age for a villa is 15 years and for apartments is 7 years)

Property Requirements:

• The villa should not be older than 15 years and the apartments not older than 7 years.
• The property should be vacant and ready for residence and should be located in one of the following cities: Jeddah, Riyadh, Dammam, Dhahran or Alkhobar *Our services will be extended to more cities in the near future*
• The property is subject to approval by NCB appraisers

Required Documents:

• Copy of ID card
• Stamped and signed letter from the company, indicating the position, salary and the start date of your service
• Sale offer
• Copy of ownership document
• Location blueprint