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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​​​​​​

    Madoum Finance Program

    Madoum is a Sharia-compliant finance program designed for NCB customers whose applications have been approved by the Real Estate Development Fund. The National Commercial Bank will finance the Fund beneficiaries, and then the Real Estate Development Fund will pay the full or partial profits of the finance on behalf of the beneficiary.

    The Madoum amount is calculated based on the number of family members, level of income, and age of the beneficiary.

    The Madoum amount will be 100% for the low and medium-income beneficiaries subject to the Fund regulations.

    Privileges of Madoum Finance

    • Approved by the Shariah Board.
    • Maximum amount of Madoum Finance is SAR 500,000 as per the Fund's policy.
    • Maximum amount of Madoum Finance is SAR 400,000 as per the NCB's policy.​

    Examples of calculation of the Madoum Finance​

    Finance amount 425,000​A customer without Madoum RFA customer with Madoum RF
    Amount of the Madoum RF0350,000
    Total amount of Madoum RF0204,360
    Total profit342,656342,656
    Original Finance Installment954954
    Profit Installment2,6152,615
    Madoum Profit0951
    Total amount of the installment3,5703,570
    Total deduction from the customer3,5702,619​

    * Terms and conditions apply

    * The above example is calculated based on a finance amount of SAR 425,000 with an annual profit rate of 7.79%, including administrative charges and evaluation fees (1% of the finance amount or SAR 5000 whichever is less).​

    Madoum Finance Program Procedures

    • The customer obtains the approval of the Real Estate Development Fund when s/he receives a text message from the Fund:
    • The customer submits an application to any NCB branch for Madoum RF in partnership with the Real Estate Development Fund;
    • The property selected by the customer will be evaluated;
    • The Bank and the Fund will simultaneously and automatically approve the customer's application and notify the customer directly of the Madoum amount,
    • The property will be purchased from the owner and a finance account will be opened;
    • The monthly installments will be deducted from the customer's account at their maturity date;
    • The Fund transfers the monthly Madoum amount to the customer's account.​

    Madoum RF Program Conditions

    To obtain a prior approval from the Real Estate Development Fund.


    Madoum Finance Calculator

    To know the monthly Madoum amount that will be paid by the Real Estate Development Fund, please visit the "Madoum Calculator" from here. ​

            Apply Now​​

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

    Or call the toll-free number: 8002441005

    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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