Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
SABB - Home Finance SABB - Home Finance Minimum Salary: SAR 5,000 Salary Transfer: Yes Early Settlement Fees: Yes Maximum Term: 25 Years Flat Rate: 3.59 Reducing Rate: -
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Own your property and fly in the sky of your dreams

If you dream of buying a ready house, or you want to build your own home, or you want to buy a housing unit under construction or get other real estate options.

We at SAB offer you the best Home Finance programs that help you achieve owning your dream house, in cooperation with the Real Estate Development Fund and the Ministry of Housing.

At SABB, we understand that buying a house is one of the most important decisions in a customer’s life. We also know that while most people dream of owning a perfect home, achieving that goal can be quite a challenge, especially when it comes to arranging the financing required to making such an expensive purchase. 

Look no further, you can now fulfill this dream with SABB’s Home Finance solutions.

SABB provides you with multiple options to help you own your dream home with easy financing solutions featuring competitive profit rates and high quality customer service.

SABB offers a range of Shariah compliant Home Finance products using:

Ijarah concept:

Where SABB purchases the property and leases the same to the customer over a finance period up to 25 years with a promise to transfer the ownership to the customer at the end of lease period. The customer pays a part of the lease rentals in advance while the balance is payable to SABB in monthly installments over the finance period.

    Murabaha concept:

Where SABB purchases the property and sales it to the customer over a finance period. The customer pays a part of the purchase price in advance while the balance is payable to SABB in monthly installments over the finance period.

SABB finances the following properties under Ijarah concept:

  • Completed Villa, Duplex, Apartment.
  • Land for building a home in future
  • Build on a customer’s existing land based on Ijarah Mausoofa Fi-Dhimah concept    

SABB finances the following properties under Murabaha concept:

  • Completed Villa, Duplex, Apartment.

Lease Annual Percentage Rate:

SABB reviews the lease annual percentage rate every two years.  The Lease annual percentage rate will be comprised of:

  • SABB benchmark rate which will be reviewed every two (2) years as per the prevailing market rate (SWAP).
  • Agreed Margin over and above SABB benchmark rate.  The Margin will remain the same and will not be changed during the finance period.

Down Payment Required:
  • Land Finance:  30%
  • Home Finance: 10% for the resident only
  • Home Construction: The customer is not required to pay a down payment in cash, however, the land value will be considered as down payment.

  Property Market Value Loan to value Ratio Fixed or Variable Rate  APR  Maturity in Years  Payment Type   Monthly Repayment Amount*  Early Payment Charges 
  500,000  90% Fixed  6.78%  25 Years Principal and Interest / Profit  3,030.00 Profit of future 3 installments


 Property Market Value Loan to value Ratio
Fixed or Variable Rate APR Maturity in Years Payment Type Monthly Repayment Amount* Early Payment Charges
 500,000 90%Fixed for first 2 years Repriced every 2 years SWAP rate plus 3%5.30% 25 Years Principal and Interest / Profit 2,649.04 Profit of future 3 installments
  • The applicant should be a Saudi national
  • Applicant’s age at the time of finance should not be less than 21 years and not exceed 65 years upon expiry of finance period
  • Length of service for the applicant with current employer should be for at least 3 months
  • Minimum basic salary should not be less than SAR 5,000. For joint applicants, each applicant should have minimum basic salary of SAR 3,000
  • Salary should be assigned/transferred to your account with SABB
  • The property should be situated within the Kingdom of Saudi Arabia
Documents Required
  • Copy of the Applicant’s valid I.D. duly signed
  • Property/Land location's form
  • Sale contract
  • Copy of the Title Deed
  • Copy of Building construction License OR Electricity Meter License
  • Land Split Letter from Notary Public (as appropriate – if the land has been subdivided).
  • Copies of Property Owner’s and Witnesses I.Ds
  • Salary Introduction Letter less than one month old
  • Salary Assignment Letter (signed by authorized signatory)
  • Drawings, Specifications & Designs approved from the city municipality in A4 size. (only for Home Construction Finance application)
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
Samba - Ready / Under Construction Villas
Minimum Salary
SAR 5,000
Reducing Rate