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Residential Finance for Builing and Renovating​​​

Build or renovate with 'Cash Funding Program' by using your existing property as a guarantee.​​​​​​​​​​​

'Cash Funding Pogram'

​'Cash Funding Program' is designed to meet your construction or renovation needs. The 'Cash Funding Program' is a Shariah compliant program whereby NCB provides cash funding in exchange for your land or property deed, which is used as a guarntee NCB purchases the property from the client then rents it back to them according to the financing contact. Features of the 'Cash Funding Program' are:​ ​ ​

  • Flexible installment periodof up to 15 years for villas and 10 years for land.
  • Shariah compliant Islamic finance.
  • Quick approvals
  • Possibility of early payment.
  • Islamic Property Insurance. 
  • Possibility of subscribing to other Finance products.
  • In case of death or totally disability (God forbid) heirs are exempt from any
    remaning installments and ownership of the property is transferred to them.
Apply Now​​​​​​​
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Property Criteria​

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The following conditions apply to the property of your choice:

Condition Villa ​ Land
​Type of the Property ​Property is finished and ready for occupancy ​Land free of construction and occupants
​Value of the Property ​A maximu​m of SAR 7 million​ ​A maximum of SAR 7, million
​Age of the Property ​Property age cannot exceed 30 years at the maturity of the last payment ​Not Applicable​
​Location of the Property​ ​​​Central Region: Riyadh - Buraidah - Onaizah - Kharj - Al Rass - Al Badaye 
Western Region: Jeddah - Makkah - Madinah - Taif - Rabigh - Yanbu
Eastern Region: Dammam - Dhahran - Khobar - Jubail - Qatif - Al Ahsa
Northern ​​Region: Hail - Tabuk
Southern Regi​on: Jizan - Abha - Khamis Mushait​​


Terms & Conditions

​​​​​​​​Condition​ Government Employees at
non-accredited Companies ​​​​
Civil Government or Military Employees / The Five Accredited Companies ​ ​ Company Owners and Wessam AlAhli Customers​
​Finance​
Amou​nt​
​A maximum 2 million Riyals for villas.
A maximum of 1.5 million Riyals for land. 
A maximum of 3 million Riyals for villas.​
A maximum of 1.5 million Riyals for land.
A maximum of 3 million Riyal for villas.
A maximum of 1.5 million Riyal for land.
​Down Payment ​Ranging from 5-15% based on the real estate
type and the duration of repayment.
​Ranging from 0-10% based on the real estate type and
the duration of repayment.
​Ranging from 20-35% based on the real estate type and the duration of repayment.​
​Finance Duration ​Villas: Up to 15 years
Land: Up to 10 years
Villas: Up to 15 years
Land: Up to 10 years
​Villas: Up to 15 years
Land: Up to 10 years​​​​
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Check your Eligibility​


If you are employed in the Government, Military or one of our*Accredited Private Companies then the following conditions apply to qualify

for Aqar AlAhli Residential Finance:​

​Conditions ​Criterion​​
​Salary transfer ​Salary must be transferred to the National Commercial Bank​
​​Age ​20-60 years old - terms and conditions apply
​Length of service ​Civil Government & Military Sector: working for a minimum of one month.

Private Sector: working for a minimum of 4 months.
​Monthly income ​Civil Government & Military Sector: A minimum of SAR 3,000
Private Sector:
A minimum of SAR 5,000

* The five major companies are as follows (Aramco, SABIC, Saudi Telecom, Saudi Electricity Company, Saudi Arabian Airlines)​

If you are employed in the Private Sector then the following conditions apply to qualify for Aqar AlAhli Residential Finance:​​

​Conditions ​Criterion​​
​Salary transfer ​Salary must be transferred to the National Commercial Bank​
​​Age 20-60 years old - terms and conditions apply
​Length of service ​A minimum of 6 months​
​Monthly income A minimum of SAR 7000 ​​​​​​


If you are a Private Business Owner or a member of NCB’s Private Banking Program then the following conditions apply to ​qualify for Aqar AlAhli Residential Finance: ​

​​Conditions ​Criterion​​
​Salary transfer ​Salary transfer is not required, however you must have a current account with the National Commercial Bank
​​Age 20-65 years old - terms and conditions apply
​Length of service ​Not required, however you are required to have a NCB account balance of a million riyals ​
​Monthly income A minimum of SAR 50,000


Joint Applicants:. ​

  • Joint-income applications are acceptable as they are close family relatives (husband, wife, mother, father, son, daughter, sister, brother).
  • The minimum income for a joint-income application is SR 10,000
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Documents Needed​

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Please find a detailed list of the Required Documents below:​​

  • A valid national identity card (ID card).
  • A recent letter certifying employment, including details of salary, length of service and job title.
  • Property documents: Copy of the property owner’s ID, Property ownership document and building sketch, building permit,Zaraa dimensions report (in case the property is an apartment or a duplex).

If you are a Private Business owner or a NCB Private Banking customer, you must provide at least one of the documents below:​

​Income Component Documents Required
​Net Salary ​A Salary Certificate OR Bank statement covering the past 3 months
​Net Income from Business ​An audited Income Statement OR An Income Assessment by our NCB Small Business or Private Banking divisions
​Rental Income​ ​•  Title Deed
•  Rental Agreement
•  Rental deposits in bank accounts (if available)
​Bank Statement based on Credits
or Average Balance
​One years worth of Bank Statements​​​

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