Expat Home Finance
Features:
Financing period up to 20 years.
Financing amount up to 5 million riyals.
Shariah compliant financing.
Possibility of financing up to the age of 70 years.
Co-Borrowers feature for customers holding regular Iqama residency.
Financing the customer with or without salary transfer.
Quick and instant approvals.
Competitive and fixed profit margin throughout the financing period.
Possibility of financing all expat customers holding premium or regular residency (provided that the approval of the Ministry of Interior is provided for customers holding regular residency).
Terms and Required documents
Terms and Required documents
- Length of service period should not be less than 6 months.
- The salary should not be less than 10 thousand.
- A statement of salary from the employer.
- A bank statement showing the salaries deposited for the last two months.
- Property Title Deed.
- Property Price.
- Iqama.
- National ID (property owner).
- Passport.
- Ministry of Interior approval.
How much money can you borrow?
The first step for you is to explore the amount you can borrow. Typically, you can borrow up to 53 times your salary to buy a land. The tables will give you closer idea.
Single applicant
| Your Monthly Salary | You Can Borrow 20 years | You Can Borrow 30 years | You Pay Monthly |
| SAR 5,000 | SAR 353,357 | SAR 477,454 | SAR 2,500 |
| SAR 8,000 | SAR 621,908 | SAR 840,318 | SAR 4,400 |
| SAR 10,000 |
SAR 848,057 |
SAR 1,145,889 |
SAR 6,000 |
| SAR 12,000 | SAR 1,060,071 | SAR 1,432,361 | SAR 7,500 |
| SAR 15,000 | SAR 1,272,085 | SAR 1,718,833 | SAR 9,000 |
Joint applicants
| Your Monthly Salary | Salary of Joint–Applicant | You Can Borrow 20 years | You Can Borrow 30 years | You Pay Monthly |
| SAR 5,000 | SAR 3,000 | SAR 621,908 | SAR 840,318 | SAR 4,400 |
| SAR 7,500 | SAR 5,000 | SAR 954,064 | SAR 1,289,125 | SAR 6,750 |
| SAR 10,000 | SAR 8,000 | SAR 1,272,085 | SAR 1,718,833 | SAR 9,000 |
| SAR 12,000 | SAR 10,000 | SAR 1,590,106 | SAR 2,148,541 | SAR 11,250 |
| SAR 15,000 | SAR 12,000 | SAR 1,908,127 | SAR 2,578,249 | SAR 13,500 |
Home Finance Calculator
Please note that this calculator only helps you calculate the approximate financing amount and does not represent the exact amount of financing and payments. For actual approval details, please contact us at 8001241222
Your Monthly Payment SAR
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Your Finance Amount SAR
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Total Amount Payable SAR
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