Minimum Finance Amount 250,000 Maximum Finance Amount 7,000,000 Minimum Repayment Period 5 years Maximum Repayment Period 25 years Features & Benefits Shariah-Compliant Shariah-compliant based on Murabaha. REDF Elegibility Includes access to Madoom and Moyassar benefits, fully compliant with SAMA guidelines. Same Day Disbursement Get your financing approved on the same day, subject to eligibility and completion of documentation. 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. REDF Requirements Applicants must be listed in the financing records of REDF and the Ministry of Housing. Employment Applicants must be employed by a company included in the bank’s approved list, or be retirees from the government, military, or private sector. Service Period Government Sector: No minimum period of service required.Semi–Government & Private Sector: 3 months. Account Requirement An active Salary Account with The Saudi Investment Bank is required. Payment Period Minimum 5 years and maximum 25 years. Fees Administration Fee: 1% of the financed amount applies, up to a maximum of $5000. View full Terms & Conditions and Personal Finance Product Risks 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. 3-Month Bank Statement Submit an account statement for the last 3 months showing salary deposits, verified by the previous bank (private and military sectors only). Employee ID Card Copy Provide a copy of your Employee ID Card indicating your rank or position. (For armed forces applicants, if applicable. The original may be required for verification). Salary Certificate or Last Salary Slip Government Sector: No minimum period of service required.Semi-Government & Private Sectors: 3 months. Construction Contract Provide a signed agreement between you and the property developer outlining project terms. Developer Quotation Provide an official quotation from the developer addressed directly to The Saudi Investment Bank. View full Terms & Conditions and Personal Finance Product Risks 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 Personal Finance Product Risks Frequently Asked Questions Is Buyout Shariah-compliant? Yes. Buyout is structured in accordance with Shariah principles and approved by the bank’s Shariah committee. How much financing can I get with Buyout? You can apply for Buyout financing starting from $250,000, 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 25 years, based on the selected financing amount and terms. Is a down payment required for Buyout? No. Buyout does not require a down payment. What does Buyout allow me to do? Buyout allows you to transfer your existing home finance from another bank to this bank under a Shariah-compliant structure. Is Takaful coverage included with Buyout? Yes. Takaful coverage is included as part of the Buyout product. What are the required documents to open a Salary Account with SIB? You must provide a filled-out account application, a valid ID copy, and a salary assignment letter from your employer to open the Salary Account. Expatriates also need a sponsor introduction letter. Are there any additional benefits included with Buyout? Yes. Buyout 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. 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