Sign In
  • Contact Us

With NCB’s Residential Finance own your future home today​

Take the first step towards owning your home with ncb residential finance products. 

Whether you're buying your first home or considering investing in a property, NCB has the right Residential Finance solution for you.


LEASE-TO-OWN​

Apartment​ Villa  Family buildingsLand

Lease-to-Own Program” has been designed by Aqar AlAhli to ensure calculation of the amounts paid to lease-to-own a villa, an apartment, family building, or a land. Lease-to-own program is a Shariah-compliant product. The bank leases a property of your choice, then the payments shall be paid in installments over an agreed period. By the end of the installment period, the property will be transferred to in the customer’s name (you). 


Features​

  • Flexible installment period up to 30 years;
  • Shariah-compliant Islamic finance product;
  • Possibility of early payment;
  • Possibility of obtaining other finance products at the same time;
  • Relieve heirs from the remaining installments in case of death or total disability (God forbid!), transferring the property ownership to heirs directly;
  • Islamic takaful insurance for the property;
  • Deduction up to 60% from the monthly salary;
  • Possibility to obtain larger finance amount when applying for solidarity finance with the family members (first degree).


​MURABAHA PROGRAM​

Apartment​ Villa  Family buildingsLand

“Murabaha Program” with Aqar AlAhli is a Shariah-compliant finance structure for owning a villa, an apartment, residential/ family building, or a land. NCB (the mediator) buys a property of your choice in freehold; hence, NCB and the buyer (you) agree on a selling price (including an annual profit rate agreed upon for the mediator) to be paid in installments or as a lump sum.


Features:

  • Fixed annual profit rate throughout the installment period;
  • Flexible installment period up to 20 years;
  • Full ownership rights (excluding sale of property);
  • Shariah-compliant Islamic Finance;
  • Possibility of obtaining finance products at the same time;
  • Relieve heirs from the remaining installments in case of death or total disability (God forbid!), transferring the property ownership to heirs directly;
  • Islamic takaful insurance for the property.​






​* Terms and conditions shall apply

Annual percentage rate of 3.73% on the finance amount (SAR 500,000) over a period of five years, including administrative and evaluation fees (1% of the finance amount or 5000 Riyals, whichever is less)​​


The following conditions apply to the property of your choice:​​

Condition Details
Property type
The property is vacant and ready for housing
Property age
​The property age must not exceed 45 years when the last payment becomes due


Property location
Central Province: Riyadh -    Buraida - Unaizah - Al Kharj - Rayyis - Albadaie
Western Province: Jeddah - Makkah - Madinah - Taif - Rabigh - Yanbu
Eastern Province: Dammam - Dhahran - Khobar - Byblos - Qatif - Ahsa
Northern Province: Hail - Tabuk
Southern Province: 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 Amount​​Ranges between 100,000 and 2 million Saudi RiyalsRanges between 100,000 and 3 million Saudi Riyalsmaximum of 7 million Saudi Riyals
​Advance payment30% of Property value
30% of Property value30% of Property value
Installment period​Up to 30 yearsUp to 30 yearsUp to 30 years​


* Terms and conditions shall apply

Annual percentage rate of 3.73% on the finance amount (SAR 500,000) over a period of five years, including administrative and evaluation fees (1% of the finance amount or 5000 Riyals, whichever is less)​


Verify your eligibility  

If you work for a government body (military or one of the five leading companies*), the following conditions shall apply to you to be eligible for residential finance from Aqar AlAhli ​​

​Conditions ​Feature
Salary transfer​ ​Salary transfer through NCB
​​Age 20-60 years (Terms and conditions shall apply)
Service period

Civil and military government sectors: on-the-job for a minimum of one month

Private sector: on-the-job for a minimum of 4 months

​Monthly income

Civil and military government sectors: A minimum of 3,000 Saudi Riyals

Private sector: A minimum of 5,000 Saudi Riyals


* The five leading companies are the following (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 ​Features​​
​Salary transfer Salary must be transferred via NCB
​​Age
20-60 years (terms and conditions shall apply)​
Service period
​A minimum of 6 months​ 
​Monthly income A minimum of 7,000 Saudi Riyals 


If you are a Wessam customer, the following conditions shall apply to you to be eligible for residential finance from Aqar AlAhli:

​​Conditions Features​​​​
​Salary transfer Salary transfer is not required; however, the customer must have a Wessam current account at NCB
​​Age 20-65 years (terms and conditions shall apply)​
Service period Not required


Solidarity Claims:

  • Solidarity claims are accepted in case of income subscription for first degree relatives (Husband, wife, mother, father, son, daughter, sister, brother).
  • Minimum of subscriber’s income for solidarity claims is 10,000 Saudi Riyals.​

* Terms and conditions shall apply

Annual percentage rate of 3.73% on the finance amount (SAR 500,000) over a period of five years, including administrative and evaluation fees (1% of the finance amount or 5000 Riyals, whichever is less)​


Refer to the list of required documents below:

  • Valid national ID card (ID)
  • Recent salary certificate including details of service period, and the job title
  • Property documents: A copy of the ID document of the property’s owner, property ownership document and building blueprint, construction, building permit, dimensions report from Zaraa (if the property is an apartment or a duplex)

If you are a Wessam customer, you must submit one of the documents below​:

Items of income
Required documents
​Net Salary ​Salary statement or bank report for the last three months
​Net Income from Business Audited income report or income evaluation by small business department or private banking services at NCB
​Rental Income​
  • Contract of ownership
  • Lease agreement
  • Lease deposits for bank accounts (if available)
​Bank Statement based on Credits
or Average Balance
Bank reports covering a full year

* Terms and conditions shall apply

Annual percentage rate of 3.73% on the finance amount (SAR 500,000) over a period of five years, including administrative and evaluation fees (1% of the finance amount or 5000 Riyals, whichever is less)​


NCB All Rights Reserved 2017NCB-Twitter-AccountNCB-YouTube-AccountNCB-LinkedIn-AccountNCB-Instagram-Account