Home Equity

Home Equity

Home Equity

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

Features & Benefits

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

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

Payment Period: 60 – 360 months

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

Shari’ah compliant (based on Commodity Murabaha)

WooW points

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

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


Product Risks

To view the Home Finance product risks, click here


  • For Saudi nationals only
  • Age: Minimum is 23 years, Maximum (at maturity) is 70 years
  • Salary Account with The Saudi Investment Bank

Service period

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

* Terms and conditions apply.

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)

For more information please call our toll free number at 800 124 8000.


  • Administration Fee: 1% of finance amount or SAR 5,000 (whichever is less)


Is the SAIB Home Equity product Sharia'a compliant?

Yes. This product is Sharia’a compliant and has been designed on the basis of Islamic principles.

Who is eligible for Home Equity finance?

To apply for this product, you must meet the following eligibility criteria:

  • For Saudi nationals only
  • Age: Minimum is 23 years, Maximum (at maturity) is 70 years (with the consideration of military individuals’ retirement ages)
  • Salary Account with The Saudi Investment Bank
  • Minimum Service Period:
  • Government Sector: 3 Months
  • Private Sector: 12 Months

What happens if I want to sell the property before the financing is paid completely?

You would need to make an immediate repayment of the principal outstanding amount, and we may offer you a discount on the outstanding profit.

How much financing am I eligible for?

You can avail financing up to a maximum limit of SAR 7,000,000.

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