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​