Samba Home Finance - Residential Apartment Building

Minimum Salary needed SR 5,000
Maximum amount available SR 5 million
Length of Loan 25 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 - Residential Apartment Building should be free from any litigation, not be older than 20 years & should be unoccupied
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

On the list of the most successful and respected financial groups in Arabia lies Samba Financial Group at the top. The Group has a solid reputation for world-class financial solutions matching the best in the world.
From the first word go, Samba has maintained a strong lead in the industry through pioneering   custom-made innovations in the industry. This has in turn played a significant role in the modern transformation of banking in Saudi Arabia.
In truth, the Group’s world-class services and products, market-leading products and superior technology have made Samba one of the most successful financial services brand names and the most internationally recognized bank in Saudi Arabia and even the Middle East.


The city of Jeddah rests in the western coastline of Arabia’s Red Sea, beautiful and sprawling .It is the chief most city in the western region of the Kingdom of Saudi Arabia. Jeddah is also the largest city in Makkah Province, the most important sea port on the Red Sea, and the second largest city in the kingdom of Saudi Arabia.
At the moment Jeddah has a population of 5.1 million dwellers. The city is a premium commercial destination in Saudi Arabia in a similar context with Riyadh and Dammam, all of it, in terms of function, economy and regional significance.
Jeddah’s economic focus is fixed on fostering capital investment in scientific and engineering excellence across Saudi Arabia.

Residential Apartment Building

Whatever kind of home you choose to build, we honor your choice and prove our commitment through our flexible and friendly lending options.

Salient features and benefits:

  •     It is Shariah-compliant;
  •     Financing of up to SAR 5 million;
  •     Finance of up to 70% of the property value ;
  •     Repayment duration of up to 25 years.
  •     Guarantor is not needed;
  •     Privilege of joint ownership;
  •     A fixed profit rate; and
  •     Free Takaful property insurance.

Applicant eligibility:

  •     A Saudi subject aged  22 years and above;
  •     Employed by  a Samba-approved government, semi-government or private employer for at least 12 months;
  •     Minimum monthly salary of SAR 5,000;
  •     Must complete application form;
  •     A copy of national ID card;
  •     Certificate of employment ;and
  •     Salary transfer letter from employer.