Program Particulars

Villas & Apartments:

  • 5,000,000 SAR Financial Limit
  • 5,000 SAR Minimum Monthly Income
  • 10% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Lands:

  • 2,000,000 SAR Financial Limit
  • 5,000 SAR Minimum Monthly Income
  • 30% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Multi-Family Buildings:

  • 10,000,000 SAR Financial Limit
  • 5,000 SAR Minimum Monthly Income
  • 30% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Refinance Program:

  • 5,000,000 SAR Financial Limit
  • 5,000 SAR Minimum Monthly Income
  • 30% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Commercial Program:

  • 10,000,000 SAR Financial Limit
  • 50% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Expatriates Program:

  • 2,500,000 SAR Financial Limit
  • 10,000 SAR Minimum Monthly Income
  • 20% Minimum Down Payment
  • 20-60 Years Age Criteria
  • Resident in Saudi Arabia for at least 5 years.
  • Must obtain approval for home ownership by the KSA Minister of Interior (MOI).

 

Disclosure Tables:

Disclosure of Interest Rates on Financing and Savings Products instructed by SAMA:
Example: Residential Mortgage (Ijarah) (1):

Property Market Value Loan to Value Ratio (2) Fixed or Variable Rate (3) APR Maturity Payment Type Monthly Repayment Amount Early Payment Charge
500,000 90% Variable Rate 6.56 25 years Principal and profit 2,973 Profit of future 3 installments

(1) Depending on the risk profile of the consumer, pricing can change for some customer as compared to the above example.
(2) First time homebuyer.
(3) Rate fixed for 1 year and then variable rate based on 12 months SAIBOR + 3.80%

Villas & Apartments:

  • 5,000,000 SAR Financial Limit
  • 5,000 SAR Minimum Monthly Income
  • 10% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Lands:

  • 2,000,000 SAR Financial Limit
  • 5,000 SAR Minimum Monthly Income
  • 30% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Multi-Family Buildings:

  • 10,000,000 SAR Financial Limit
  • 5,000 SAR Minimum Monthly Income
  • 30% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Refinance Program:

  • 5,000,000 SAR Financial Limit
  • 5,000 SAR Minimum Monthly Income
  • 30% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Commercial Program:

  • 10,000,000 SAR Financial Limit
  • 50% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Expatriates Program:

  • 2,500,000 SAR Financial Limit
  • 10,000 SAR Minimum Monthly Income
  • 20% Minimum Down Payment
  • 20-60 Years Age Criteria
  • Resident in Saudi Arabia for at least 5 years.
  • Must obtain approval for home ownership by the KSA Minister of Interior (MOI).

 

Disclosure Tables:

Disclosure of Interest Rates on Financing and Savings Products instructed by SAMA:
Example: Residential Mortgage (Ijarah) (1):

Property Market Value Loan to Value Ratio (2) Fixed or Variable Rate (3) APR Maturity Payment Type Monthly Repayment Amount Early Payment Charge
500,000 90% Variable Rate 6.56 25 years Principal and profit 2,973 Profit of future 3 installments

(1) Depending on the risk profile of the consumer, pricing can change for some customer as compared to the above example.
(2) First time homebuyer.
(3) Rate fixed for 1 year and then variable rate based on 12 months SAIBOR + 3.80%

Villas & Apartments:

  • 5,000,000 SAR Financial Limit
  • 5,000 SAR Minimum Monthly Income
  • 10% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Lands:

  • 2,000,000 SAR Financial Limit
  • 5,000 SAR Minimum Monthly Income
  • 30% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Multi-Family Buildings:

  • 10,000,000 SAR Financial Limit
  • 5,000 SAR Minimum Monthly Income
  • 30% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Refinance Program:

  • 5,000,000 SAR Financial Limit
  • 5,000 SAR Minimum Monthly Income
  • 30% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Commercial Program:

  • 10,000,000 SAR Financial Limit
  • 50% Minimum Down Payment
  • 20-65 Years Age Criteria

 

Expatriates Program:

  • 2,500,000 SAR Financial Limit
  • 10,000 SAR Minimum Monthly Income
  • 20% Minimum Down Payment
  • 20-60 Years Age Criteria
  • Resident in Saudi Arabia for at least 5 years.
  • Must obtain approval for home ownership by the KSA Minister of Interior (MOI).

 

Disclosure Tables:

Disclosure of Interest Rates on Financing and Savings Products instructed by SAMA:
Example: Residential Mortgage (Ijarah) (1):

Property Market Value Loan to Value Ratio (2) Fixed or Variable Rate (3) APR Maturity Payment Type Monthly Repayment Amount Early Payment Charge
500,000 90% Variable Rate 6.56 25 years Principal and profit 2,973 Profit of future 3 installments

(1) Depending on the risk profile of the consumer, pricing can change for some customer as compared to the above example.
(2) First time homebuyer.
(3) Rate fixed for 1 year and then variable rate based on 12 months SAIBOR + 3.80%

Co-application

The program allows you to join with any primary relative member in order to increase the finance amount.

FAQ

Sponsored By

Ijarah Fatwah

Ijarah Program is an authorized program by DAT Shariah board Members