Samba Home Finance - Home Self-Construction

Minimum Salary needed SR 5,000
Maximum amount available SR 1.5 million
Length of Loan 15 years
Profit Rate Not mentioned
Upfront Fees ( if any ) Not mentioned
Eligibility You should be a Saudi national who is at least 22 years of age; You should be working for a Samba-approved government, semi-government or private employer for at least one year; Conditions - Owned land should not be mortgaged to any party, should be in a residential area and equipped with electricity and water facilitiesand should not exceed 1,500 square meters in area.
Main Features Approved by the Shariah Supervisory Board; Finance up to 70% of the property value (Apartment); No guarantor required; An option of joint ownership with a first-degree relative to get a higher finance amount; You can repay earlier than the tenure you have availed; Fixed profit rate. With Bayt Al-Khair your profit rate will never change during the entire tenure of the finance and therefore your monthly installment will never change; In case of death or permanent total Medical disability, God forbid, all outstanding amounts will be considered paid subject to terms and conditions of insurance policy; Free Takaful property insurance

Samba Financial Group

Top on the list of the most accomplished and celebrated financial institutions in Arabia rests Samba Financial Group .The Group has built a reputation for world-class financial solutions meeting the best standards in the world.
From its onset, Samba has retained a strong lead in the industry through pioneering   tailor-made innovations in the industry. This has in turn played a significant role in the modern revolutionizing of banking in Saudi Arabia.
In truth, the Group’s world-class services and products, market-leading products and superior technology have contributed to make Samba one of the most accomplished brand names and the most internationally respected bank in Saudi Arabia.


The city of Jeddah is located in the western coastline of Arabia’s Red Sea. It is the principal city in the western region of Saudi Arabia. Jeddah is also the largest city in the province of Makkah, the principal sea port on the Red Sea, and the second largest city in the kingdom of Saudi Arabia.
Jeddah has a population in the excess of 5.1 million people. The city is a choice commercial destination in Saudi Arabia within a similar context with Riyadh and Dammam, all of that, in terms of economic and regional vitality.
Jeddah’s economic focus is set fostering and enhancing capital investment in the scientific and engineering sector all over Saudi Arabia.

Home Finance: Home Self-Construction

Samba Financial Group strongly believes in the dreams you cherish concerning home ownership. It is thus our honored privilege to partner with you to make all that a reality.

Key features and benefits:

  •     Shariah-compliant;
  •     Financing amounts: SAR 1.5 million;
  •     Finance of up to 70% of the property value ;
  •     Repayment duration: 15 years.
  •     Guarantor :not necessary;
  •     Possibility of joint ownership;
  •     Fixed profit rate; and
  •     Takaful property insurance cover.

Applicant eligibility:


  •     Saudi subjects;
  •     Minimum  age: 22 years;
  •     Employees of  a Samba-approved government, semi-government or private employer for at least 12 months;
  •     Monthly salary: SAR 5,000;
  •     Completed application form;
  •     Copy of national ID card;
  •     Employment certificate;
  •     Salary transfer letter;
  •     It should not exceed 1,500 square meters in area; and
  •     Copy of the estate title.