'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 guarantee. NCB purchases the property from the client then rents it back to them according to the financing contract. Features of the 'Cash Funding Program' are:

Flexible installment period of 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.

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Property Criteria

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 maximum 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 Region: 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	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

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

Documents Needed

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

Home

Residential Finance for Builing and Renovating

Property Criteria

Terms & Conditions

Check your Eligibility

Joint Applicants:.

Documents Needed

Residential Finance for Builing and Renovating​​​

Property Criteria​

Terms & Conditions

Check your Eligibility​

Joint Applicants:. ​

Documents Needed​

Residential Finance for Builing and Renovating

Property Criteria

Check your Eligibility

Joint Applicants:.

Documents Needed