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​The shortcut to your dream house

Take the first step towards owning your home with NCB Residential Finance products. ​

Whether you're buying your first home or considering investing in a property, NCB has the right Residential Finance solution for you. 

  • Admin fees is 1% of the loan amount or SAR 5000 whichever less​.
  • The finance amount is 85% of the property’s value in the first residential finance, either from NCB or any other finance banks or institutions.
  • The finance amount is 70% of the property’s value if there is a previous residential finance, either from NCB or any other finance banks or institutions.
  • All NCB Residential Finance solutions are Shariah compliant.
  • Flexible finance options (Murabaha with fixed interest rate or Ijara with variable interest rate).
  • Finance amount up to SR 7 Million.
  • The option to have a residential finance with a personal finance through our 2 in 1 program, allowing flexible payments and a higher Residential Finance amount​.​​

A guideline for After Sales Services​

​If you are a Wessam customer we offer you the following Residential Finance Program for the Affluent.

* Terms and conditions apply

** Annual Percentage Rate 3.62% calculated on the amount of funding 665,000 Riyals for a period of 5 years, including management and assessment fees (1% of funding or 5000 Real value, whichever is less).​


Learn more about NCB Home Financing at www.aqar.alahli.com

        Apply Now​​

Or visit the nearest branch of the National Commercial Bank 

Or call the toll-free number 8002441005​​​​​​

​​HOME FINANCE REQUIREMENTS

To apply for NCB Home Finance, you will need:

  • To be between 20 - 60 years old
  • To be a Saudi National
  • A minimum monthly income of SR 3,000
  • To have been continuously employed for a minimum of 1 month
  • 30% down payment for villas, apartments or land
  • To transfer your salary to NCB

Property Requirements

  • The property must not exceed 45 years old upon completion of the financing tenure​.
  • The property (Villas & Apartments) must be vacant (ready for occupancy).
  • Property must be located in one of the following cities:
JeddahAl KhubarMakkahYanbu
NajranKhamis MushytMadinahQatif
RabigAbhaAl TaifTabuk

    All property is subject to approval by NCB appraisers​


    Own your home in three easy steps:

    1. Preparation

    • Gather all required documents

    • Check Customer Credit Rating with SIMAH

    • Valuation of Property

    • Pay both the Transaction and Down Payment fees​

    2.Purchasing the property

    • Sign the client's request for either Murabaha or Ijara financing

    • Pay property price

    • Transfer Title of Ownership to NCB​

    3. Transfer of property

    • Sign contract for either Murabaha or Ijara financing

    • Property is handed over to you​

    * Terms and conditions apply

    ** Annual Percentage Rate 3.62% calculated on the amount of funding 665,000 Riyals for a period of 5 years, including management and assessment fees (1% of funding or 5000 Real value, whichever is less).​​

    2 in 1 Feature​

    Is the amount of personal finance together with residential finance given to help you get cash for liquidity and a larger amount of the residential finance, as the maximum deduction percentage for both products not to exceed 60% of your monthly income.

    Example 1 (Without subscription in “2 in 1 Feature”):

    If the customer’s current salary is SAR. 10,000; and wants to get a residential finance and personal finance for liquidity.

    The customer will obtain personal finance amounting SAR. 188,800 and residential finance amounting SAR 463,961.

    Example 2 (With Subscription in “2 in 1 Feature”):

    If the customer’s current salary is SAR. 10,000; and wants to get a residential finance and personal finance for liquidity.

    Through participating in the 2 in 1 program, the customer will obtain personal finance amounting SAR. 188,800 and residential finance amounting SAR 1,035,550.

    Examples of various salary segments reflecting how to benefit from 2 in 1 Feature in case the customer desire to obtain joined personal finance and residential finance:

    ​Customer’s Salary

    ​Personal Finance Amount (SAR)

    ​Residential Finance Amount (SAR)​​

    ​RF Tenure/year

    ​PF Installment for 5 years in SAR

    ​RF Installment for 5 years in  SAR

    ​RF Installment for the rest of the years in SAR

    ​5,000

    ​94,350

    ​474,700

    ​30

    ​1,650

    ​1,350

    ​2,500

    ​7,000

    ​132,000

    ​664,600

    ​30

    ​2,310

    ​1,890

    ​3,500

    ​8,000

    ​151,000

    ​771,300

    ​30

    ​2,640

    ​2,160

    ​4,000

    ​10,000

    ​188,800

    ​1,035,550

    ​30

    ​3,300

    ​2,700

    ​5,500

    ​12,000

    ​226,600

    ​1,242,600

    ​30

    ​3,960

    ​3,240

    ​6,600

    ​14,000

    ​264,400

    ​1,449,700

    ​30

    ​4,620

    ​3,780

    ​6,421

    ​15,000

    ​283,300

    ​1,682,300

    ​30

    ​4,950

    ​4,050

    ​9,000

    ​20,000

    ​377,700

    ​2,243,100

    ​30

    ​6,600

    ​5,400

    ​12,000


    How to calculate installment of 2 in 1 Feature:

    First period installments consist of two separate sections (one for personal finance and the other for residential finance):

    • Installment amount of Personal Finance represents 33% of the monthly income and lasts until the end of personal finance duration.

    • Installment amount of Residential Finance represents 27% of the monthly income and lasts until the payment of residential finance duration.​

    Second period installments (the remaining period of residential finance):

    Installment amount represents 55% of the monthly income and lasts until the end of the repayment period.​

    *The deduction percentage may range between 50% and 65% from the monthly income, according to the Terms and Conditions.

    Illustration Diagram of Feature 2 in 1 installment for a client with monthly income of 10,000 riyals​

    Note:

    • The amount of personal finance can be paid over 5 years or less based on the customer’s choice and terms and conditions.

    • The amount of residential finance can be paid over 30 years or less based on the customer’s choice and terms and conditions.

    • In case of an existing personal finance, you can get a larger residential finance through subscribing in “2 in 1” Feature​.

    • The examples mentioned are non-binding and are used for illustrative purpose only where the amount of funding and installments vary according to the customer segment, his employer and financial solvency.​

    * Terms and conditions apply

    ** Annual Percentage Rate 3.62% calculated on the amount of funding 665,000 Riyals for a period of 5 years, including management and assessment fees (1% of funding or 5000 Real value, whichever is less).​​

            Apply Now​​

    Or visit the nearest branch of the National Commercial Bank 

    Or call the toll-free number 8002441005​​​​​​

    Additional Finance - Real Estate Development Fund

    The concept of additional finance product

    Is an additional residential finance combining the Murabaha program by the NCB with the Real Estate Development Fund.

    When will the customer need additional finance?

    When the customer intends to buy villa or apartment at a price that exceeds the value of the REDF finance amount, the customer may finance the difference through the bank. The property then is to be registered in the customer's name and a lien is placed in benefit of the Real Estate Development Fund and the National Commercial Bank.​

    Accepted Sectors:

    • Government sectors with transferred salaries.
    • Private sectors with an agreement.
    • Affluent customers.

    Advantages of Additional Finance

    Same approved advantages of residential finance at the National Commercial Bank, namely:

    • Islamic finance compatible with the provisions of Islamic Sharia.
    • Exemption for heirs to pay the remaining payments in the event of death or total disability, God forbid, and transfer of ownership of the property to the heirs.
    • Islamic Takaful insurance which covers property damages.
    • Taking initial approval from any NCB branch in 5 minutes.
    • The possibility of taking any other product with other finance products.
    • Easy payments extending up to 20 years.
    • The possibility of early settlement.
    • Financing of up to 3 million Riyal for payroll customers with and up to 7 million Riyal for affluent customers.

    Application Process

    • The customer obtains the Real Estate Development Fund approval printed from the website and submits it to the bank.
    • The customer obtains NCB's  initial approval from any branch.
    • The customer searches for a property and completes REDF's required documents.
    • NCB receives customer's document and and appraises the property.
    • NCB sends all documents to REDF.
    • The customer is contacted to sign  on the formsand  contracts.
    • Title deed is transferred in the name of the customer and the property is liened toREDF and the National Commercial Bank.​

    Notes​

    The private sector without an agreement is excluded from the program.

    * Terms and conditions apply

    ** Annual Percentage Rate 3.62% calculated on the amount of funding 665,000 Riyals for a period of 5 years, including management and assessment fees (1% of funding or 5000 Real value, whichever is less).​​

            Apply Now​​

    Or v​isit the nearest branch of the National Commercial Bank.

    Or call the toll-free number: 8002441005

    Frequently Asked Questions:

    Hide allShow all
    • When does REDF Finance repaymentstart ?

      ​REDF repayments start after 24 months of obtaining the finance, there are no payments due the first two years, however  repayment to NCB’s Additional finance begin from the first month.

    • Is early settlement to NCB or REDF allowed ?

      ​Yes, in the case of early settlement of the Additional finance from NCB, the property lien will be removed from NCB’s portion but REDF’s portion will remain., In the case of early settlement of the REDF finance, the property lien will be removed from REDF’s  portion but NCB’s portion will remain until the finance is fully repaid.

    • Can I buy any property was previously has a lien to REDF through additional finance ?

      ​No, the property will be rejected from REDF during assessment​.

    OWN YOUR FUTURE HOUSE AN​D DILALAH FACILITATION TOGETHER!​​​​

    Dilalah Definition:

    Definition of the term "Dilalah" is the amount of facilitation charged by the real estate broker for either "Dilalah" or in other words, linking between the seller and the buyer or in return of an effort done to complete the sale process and to be paid by the buyer.

    Dilalah Product at NCB:​

    The Bank calculates the amount of “Dilalah” that should be paid by the customer to the mediator and add it to the amount of financing. Then two checks are issued, one for the amount of finance and the other for the value of Dilalah.​

    Mechanism & Controls of “Dilalah”:​

    • The amount of Dilalah shall not exceed 2.5% of the property value.
    • The total amount of Dilalah together with the amount of financing shall not exceed the deductible percentage of the customer's income.
    • Ensure that the broker signature and seal are indicated on the Quotation in the Dilalah box.
    • Bring Broker documents (commercial registry plus ID of the owner or his designee provided that his name is registered in the record).​

    * Terms and conditions apply

    ** Annual Percentage Rate 3.62% calculated on the amount of funding 665,000 Riyals for a period of 5 years, including management and assessment fees (1% of funding or 5000 Real value, whichever is less).​

            Apply Now​​


    Or visit the nearest branch of the National Commercial Bank.

    Or call the toll-free number 8002441005​​​​​​

    ​Cash Finance against Property Guarantee

    A financing product that is compatible with the provisions of Islamic Sharia, and is implemented through a contract between the bank and the customer. The Bank is assisting the customer to get cash from the bank through the purchase of the property from the customer and then the bank leased property again to the customer in exchange for the payment of monthly installments based on the length of financing contract.

    Features of cash finance against property guarantee:

    • Islamic finance compatible with the provisions of Islamic Sharia
    • Preliminary approval that lets you know the amount of finance available to you from any branch of the National Commercial Bank in 5 minutes
    • The possibility of early repayment after the passage of two years of the contract as per SAMA's instructions
    • The possibility of taking any other product with the finance product
    • Heirs exemption from the payment of the remaining installments in the event of death or total disability, God forbid, and the transfer of ownership of the property to the heirs * According to the terms and conditions
    • Provide customers with greater liquidity of personal finance amounts, for longer, easier repayment
    • Pay affordable installments programs extending up to 15 years for villas and 10 years for land

    Target customers:

    • Salary Transfer Customers: the government sector
    • Wessam & Private Banking Customers​

    Properties that can be mortgaged:

    • Villa
    • Land​

    Conditions:

    • The property must be a villa or land only
    • The maximum value of the property is SAR 7,000,000
    • The maximum duration of 15 years for the financing of Villas and 10 years of land
    • The age of the applicant at least 20 years
    • The property does not exceed the age of 30 years at the end of the repayment period​

    Minimum Salary:

    • SAR 3000 for employees of the public, civil and military sectors
    • SAR 5000 for employees of the private sector
    • SAR 7000 for employees of the private sector without salary transfer agreement 

    Terms and Conditions of getting cash against property


    Details​Conditions​

    ( Villa - Land ) only

    Type of property to be bought​

    7,000,000 SAR

    Maximum value of the Property

    15 years for Villas

    10 years for Lands


    ​​​Maximum Length of The Funding 


    Wessam/ Affluent non payroll CustomerWithout Agreement CustomerSalary Transfer CustomerType of Property



    Loan to Property Value Ratio

    ​​​





    70%





    Villa​

    Land​​

     Land: free from construction and occupancy, the property value of not more than 7 million Saudi riyals

    Villa: vacant property ready for habitation (residential property only) and the property is not more than 30 years of age at the end of the repayment period

    7,000,000Property Value SAR



    ​​​​​​Property Specifications

    3,000,000Villa

    Maximum Financing Amount​​​​​

    1,500,000Land


    Examples of Calculation method for Cash Finance against property for Villas & Lands​​


    * Terms and conditions apply

    ** Annual Percentage Rate 3.62% calculated on the amount of funding 665,000 Riyals for a period of 5 years, including management and assessment fees (1% of funding or 5000 Real value, whichever is less).​​

            Apply Now​​​

    Or visit the nearest branch of the National Commercial Bank 

    Or call the toll-free number 8002441005​​​​​​​​


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