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​​RESIDENTIAL​ 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.
  • 10% to 30% down payment for Depending on the customer's sector, credit status and type of property​.
  • 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).​​​


    NCB All Rights Reserved 2019