Features:
• An approved product by the Shariah committee in the form of Murabaha
• Available in fixed pricing and financing with a fixed competitive annual percentage rate
• Available for government, semi-government, and private sectors
• Loan to value starts from 85% up to 90%*
• Maximum financing amount up to 5,000,000 Saudi Riyals
• Financing period up to 30 years
• Waiver of outstanding amount in case of death or permanent disability, God forbid
• Fast and easy processing
Emirates NBD Saudi - Murabaha Home Financing :
A house that your family can call home.
Own your home on installments with Murabaha Home Financing product.
Minimum Salary
SAR 9,000 for salary transfer customers and SAR 12,000 for non- salary transfer customers
Eligibility:
• Applicant must be a Saudi National
• The applicant must be 21 years old
• Property must be a within the boarders of the Kingdom of Saudi Arabia
• Applicant’s length of service should not be less than 3 months
• Minimum monthly salary of SAR 9,000 for salary transfer customers and SAR 12,000 for non- salary transfer customers.
Documents required:
• The proof pf ownership.
• A copy of building permit, and the building completion certificate.
• A filled and signed seller’s proposal by the property owner.
• A copy of the seller’s valid ID
• Property location sketch.
• Filling the home financing application form.
• A detailed salary slip that includes the allowances “if any”.
• A copy of the valid ID.
• A statement of account for the last 3 months that shows receiving the salary.