A product that enables the customer who owns a property (Villa or Apartment) to obtain financial liquidity against the property and pledge the property as collateral to The Saudi Investment Bank with easy repayment options.

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WooW points.

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Finance Amount:   350,000 –   7,000,000.

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Shari’ah compliant (Based on Commodity Murabaha).

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Payment Period: 60 – 360 months.

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No down payment required. The property value will be considered as a down payment.

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Free Takaful Life Insurance coverage against death or permanent disability – God Forbid.

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Free Takaful Home Insurance coverage against disasters, such as fires, floods, storms, earthquakes, and others that arise to such damage.

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End-to-End digital application (through mobile application).

Product Risk

To view the Home Finance product risks, click here.

Help & Support

For more information and details, please contact us at: 800-124-8000.

Documents required
  1. Valid ID Copy
  2. Fill required forms by the Bank
  3. Salary assignment letter to The Saudi Investment Bank
  4. Introduction letter from employer which includes salary, allowance details, and date of joining 
  5. Other documentation will be required in regards to the property (Varies based on the property type)
Eligibility
  • For Saudi nationals only
  • Age: Minimum is 23 years, Maximum (at maturity) is 70 years
  • Salary Account with The Saudi Investment Bank

* Terms and conditions apply.

Service period
  • Government Sector: 3 Months and private Sector: 12 Months