The National Commercial Bank - House Loan

Minimum Salary needed SR 3,000
Maximum amount available SR 5 Mn ; Down payment is 30% of the property total value
Length of Loan 30 Years
Profit Rate 2.48% p.a.
Upfront Fees ( if any ) Admin fees is 1% of the loan amount or SAR 5000 whichever less
Eligibility To be between 20 - 60 years old; To be a Saudi National; To have been continuously employed for a minimum of 1 month; 0-10% down payment for villas, apartments or land; To transfer your salary to NCB; The property must not exceed 45 years old upon completion of the financing tenure; The property (Villas & Apartments) must be vacant (ready for occupancy);
Main Features 2 in 1 is a product that allows a bigger residential finance for individuals with existing personal finance, which will reduce the amount of financing as the maximum limit of the deduction for both producers should not exceed 60%​; All NCB Residential Finance solutions are Shariah compliant; Flexible finance options (Murabaha with fixed interest rate or Ijara with variable interest rate); 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​

The National Commercial Bank

As Saudi Arabia’s first Saudi bank, National Commercial Bank (NCB) has grown to be one of the best banks in the Middle East. The bank has been recognized by leading financial magazines including Euromoney and the Islamic Business & Finance magazine as one of the best in the MENA region. The bank has also been recognized for its devotion to providing the best banking experience to its customers, both retail and corporate, as well as its rapid growth rate. On an international scale, the bank has a majority stake in numerous leading international banks including Turkey’s own Türkiye Finans Katılım Bankası, which was named the best Islamic Financial Institution in Turkey in 2010.


Jeddah, the second largest city in Saudi Arabia, is an important commercial hub. The principal gateway to two of Islam’s holiest cities, Mecca and Medina, Jeddah’s economic focus has been on developing capital investment for major scientific as well as engineering advancements. To its credit, Jeddah was voted as the fourth best city in terms of innovation in the African-Middle Eastern region in 2009. Majority of the citizens are Sunni Muslims with the city having over 1300 mosques. Every year since the 7th Century, the city has hosted millions of pilgrim on their way to Hajj, the annual Islamic pilgrimage to Mecca.

House Loan

The house loan product offered by National Commercial Bank provides one with the opportunity to take huge loan mounts for residential investments at a very competitive interest rate. This Sharia compliant financial product allows one to take a maximum loan amount of SR 5 Million. Moreover, interest rates for this product start at 1.70%. A down payment of 30% of the property’s total value is required when one applies for the loan. Moreover, this loan option features a minimum administration fee of 1% of the total loan amount or SR 5000, whichever is less. One also gets flexible financing options with this loan option such as Murabaha which features a fixed interest rate or Ijara which has a variable interest rate.