Minimum Finance Amount 250,000 Maximum Finance Amount 7,000,000 Minimum Repayment Period 5 years Maximum Repayment Period 30 years Features & Benefits Shariah-Compliant Shariah compliant based on Murabaha. No Down Payment Required No down payment. The property value will be considered as your down payment. REDF Elegibility Includes access to Madoom and Moyassar benefits, fully compliant with SAMA guidelines. Free Life & Home Takaful Insurance Enjoy complimentary coverage for your property against disasters like fire or floods, along with life Takaful protection without medical tests. Rewards Bonus Earn 100,000 Rewards points when you apply and get approved. Home Finance Calculator Example Breakdown The APR calculation includes VAT applied to the annual fee Enter the details below to view your monthly installments, finance amount, annual profit rate, and flat rate. Is this your first house? Yes No Property Price Monthly Salary Finance Tenor (years) Years Years Months Years Months Monthly Expenses Please note that these are simulated amounts representing approximate numbers only, without taking into account your monthly obligations and credit bureau results. Maximum age at maturity is 70 years. If the finance period exceeds your retirement age, eligibility will be based on your projected pension salary. For exact figures please call 800-124-8000 or visit your nearest SIB Branch. All personal financings are subject to credit approval. Monthly Installment 0.00 Estimated monthly installment for this property based on Actual Finance Amount Actual Finance Amount 0.00 Maximum Finance Eligibility 0.00 Annual Profit Rate 0% Flat Rate 0% Apply Now Reset Calculation Please note that these are simulated amounts representing approximate numbers only, without taking into account your monthly obligations and credit bureau results. Maximum age at maturity is 70 years. If the finance period exceeds your retirement age, eligibility will be based on your projected pension salary. For exact figures please call 800-124-8000 or visit your nearest SIB Branch. All personal financings are subject to credit approval. Repayment Schedule Month Monthly Installment Principal Amount Profit Amount Remaining Balance Property Evaluation 500,000LTV90%Term Cost TypeFixedAnnual Percentage Rate (APR)7.40%Finance Tenor15 yearsPayment MethodMonthly Deduction from Customer's SalaryMonthly Installment Amount 4,037.18Early Settlement Amount1-2 Years: Total profit amount of the 1st two years. After 2 years: Profits of the 3 subsequent installments. *The Annual Percentage Rate (APR) may differ based on the amount and maturity period. Eligibility Criteria & Fees Required Documents Nationality Applicants must be Saudi citizens. Age Applicants must be at least 23 years old, with a maximum age of 75 at finance maturity. Account Requirement An active Salary Account with The Saudi Investment Bank is required. Service Period Government Sector: 3 months.Private Sector: 12 months. Fees Administration Fee: 1% of the financed amount capped at $5,000 (whichever is lower). View full Terms & Conditions and Risks of Home Finance Finance Form Complete and sign the official financing request form provided by the bank. Valid ID copy Provide a clear copy of your national ID or Iqama. Employer Introduction Letter Provide an official letter from your employer confirming your salary, allowances, and date of joining. Other Documents Other documentation will be required in regards to the property (varies based on the property type). View full Terms & Conditions and Risks of Home Finance Frequently Asked Questions Is Home Equity financing Shariah-compliant? Yes. Home Equity financing is structured in accordance with Shariah principles and approved by the bank’s Shariah committee. How much financing can I get? You can get financing of up to 70% of the value of the property pledged as Home Equity in favor of the bank, and up to 90% for beneficiaries of the REDF. How can I use the financing amount? The financing amount can be used for a wide range of personal needs, including home-related expenses and other approved purposes, in line with the product terms. What is the maximum financing tenure? The financing tenure starts from 5 years and can extend up to 30 years, based on the selected financing amount and terms. How long does it take to receive the financing? The processing time depends on completing the required documents and property evaluation. Once all requirements are met, the financing is processed accordingly. Can I repay my financing early? Yes. Early settlement is allowed in line with the product terms and applicable guidelines. Any related conditions will be explained at the time of settlement. Will I continue to own my property during the financing period? Yes. The property will remain in your name and held as security by the bank throughout the financing period until all installments are fully repaid, in accordance with the agreed terms. Is a down payment required for Home Equity financing? No. Home Equity financing does not require a down payment, as the financing is based on the value of your existing property. We’re Always Within Reach Stay connected to your banking, through our customer care team, digital channels, and branches everywhere. Customer Care Submit inquiries, raise complaints, and access support anytime. /en/customer-care Branches & ATMs Easily locate branches and ATMs wherever you are. /en/sib-self-service-solutions E-Banking Services Bank smarter and faster with our secure digital platforms. /en/e-banking-services