Minimum Finance Amount 350,000 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. REDF Elegibility Includes access to Madoom and Moyassar benefits, fully compliant with SAMA guidelines. Completed Properties Finance available for completed properties (Villas, apartments, Duplex) and land. Free Life & Home Takaful Insurance Enjoy complimentary coverage for your property against disasters like fire or floods, along with life Takaful protection up to $2,500,000 without medical tests. No Sponsor/Guarantor Required Apply for financing without the need for a guarantor or sponsor. Rewards Bonus Earn 50,000 Rewards points when you apply and get approved. Home Finance Calculator Example Breakdown 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 Monthly Installment 0.00 Estimated monthly instalment for this property 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. 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 Service Standards Nationality For Saudi nationals only. Age Applicants must be at least 21 years old, with a maximum age of 75 at maturity. Employment Employees must be employed in the government, semi-government, military, or private sectors, subject to the bank’s approved list of companies. Joint Finance Both the borrower and co-borrower must transfer their salaries to an account with The Saudi Investment Bank. Service Period Government Sector: No minimum period of service required.Semi–Government & Private Sector: 3 months. Account Requirement AAn active Salary Account with The Saudi Investment Bank is required. Minimum Property Size The minimum property size must be 80 square meters. Property Type Villas, apartments, and lands are eligible under REDF subsidy. Fees Administration Fee: 1% of the financed amount applies, up to a maximum of $5000. View full Terms & Conditions and Risks of Home Finance Finance Form Complete and sign the official financing request form provided by the bank. Employer Introduction Letter Provide an official letter from your employer confirming your salary, allowances, and date of joining. Salary Assignment Letter Provide a salary assignment letter addressed to the bank, including the salary account number and the salary transfer date. Valid ID Copy Provide a copy of a valid National ID after the original is verified. Other Documents Depending on the selected property, additional documents may be required. Please contact us for more information. View full Terms & Conditions and Risks of Home Finance Approval in principle within 24 hours (subject to complete documentation). Completion of final approval and all related procedures within 12 working days provided all required documents are submitted on time. View full Terms & Conditions and Risks of Home Finance Frequently Asked Questions Is Murabaha Home Finance Shariah-compliant? Yes. Murabaha Home Finance is structured in accordance with Shariah principles and approved by the bank’s Shariah committee. How much financing can I get with Murabaha Home Finance? You can apply for financing starting from $350,000, up to a maximum of $7,000,000, subject to 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. Is a down payment required for Murabaha Home Finance? No. Murabaha Home Finance does not require a down payment, in line with the product features. What profit rate applies to Murabaha Home Finance? The profit rate for Murabaha Home Finance is based on the selected financing amount, tenure, and product parameters. Is Takaful coverage included with Murabaha Home Finance? Yes. Takaful coverage is included as part of Murabaha Home Finance. Can I manage my financing through my account? Yes. Murabaha Home Finance allows you to manage your financing through your account. Are there any additional benefits included with Murabaha Home Finance? Yes. Murabaha Home Finance includes additional benefits such as rewards bonuses. 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. /customer-care Branches & ATMs Easily locate branches and ATMs wherever you are. E-Banking Services Bank smarter and faster with our secure digital platforms. /personal/e-banking-services