Compare Home Finance in Saudi Arabia

Live offers

20 live offers compared from 11 providers, from 5.62 نسبة الفائدة السنوية. Updated daily.

What is home finance in Saudi Arabia?

Home finance is the funding used to buy or build a property, the Kingdoms equivalent of a mortgage. Because conventional interest is not permitted, Saudi home finance is structured through Sharia-compliant contracts, most commonly murabaha (cost-plus sale) and ijara (lease-to-own). Rising home ownership is a central Vision 2030 goal, and a large share of the market runs through subsidised programmes for Saudi citizens.

How the Saudi market works

The Saudi Central Bank (SAMA) regulates banks and finance companies that provide home finance. Many citizens access support through the Real Estate Development Fund (REDF) and subsidised profit schemes, while the Saudi Real Estate Refinance Company (SRC) helps lenders fund longer-term products. Providers price using a profit rate rather than interest, and finance can be fixed or variable over terms that commonly run to 20 or 25 years. Under murabaha the bank buys the property and resells it to you at a marked-up price paid in instalments, while under ijara the bank retains ownership and leases the property to you until the final payment transfers title. Which structure a lender uses affects the paperwork and how ownership passes, so it is worth understanding before you sign.

Benefits

Sharia-compliant structure — Murabaha and ijara contracts allow property purchase without riba.

Government support — Eligible citizens can benefit from REDF subsidies and profit-support schemes.

Long terms — Extended repayment periods keep monthly instalments manageable.

Fixed-rate options — Many products lock the profit rate, giving predictable payments.

How to choose

Compare the annual percentage rate of charge (APR) across providers, not just the headline profit rate, and check whether it is fixed or variable. Look at the maximum finance-to-value, the required down payment, the term, and any early-settlement terms. Confirm your eligibility for subsidy programmes, and factor in property-related and administrative fees. Salary transfer to the financing bank is often required and can affect pricing.

Leading home finance providers in Saudi Arabia

Bank AlBilad and Alinma are known for fully Sharia-compliant home finance, while Saudi National Bank, Riyad Bank, SAB, Banque Saudi Fransi (BSF) and Arab National Bank (ANB) all offer competitive products, many integrated with subsidy schemes. Giraffy tracks live offers across these lenders so you can compare profit rates and terms side by side.

What it costs

Home finance is priced as a profit rate; the wide range shown in the brief reflects different fee lines rather than the rate itself. Your total cost depends on the profit rate, the term, and fees such as processing, valuation and takaful (property insurance). A longer term lowers the monthly instalment but raises the total profit paid. Always compare on APR and total repayable.

Protections and regulation

SAMA sets responsible-lending, affordability and disclosure rules for home finance, including transparency on the APR and clear terms for early settlement. Providers assess affordability using your income and commitments, and your credit record is checked with the Saudi Credit Bureau (SIMAH). These rules protect borrowers from over-indebtedness and ensure contracts are clear before you commit. Because home finance is one of the largest commitments most households make, this transparency on the profit rate, term and total repayable is central to comparing lenders fairly.

Common questions

Is Saudi home finance halal? Yes. It uses Sharia-compliant murabaha or ijara structures instead of interest-based lending.

Can I get government help? Eligible Saudi citizens can access REDF subsidies and profit-support schemes; check eligibility with the provider.

Fixed or variable rate? Fixed gives certainty; variable may start lower but can move. Compare both on total repayable.

How big a down payment do I need? It depends on the lender and the finance-to-value they offer; a larger down payment reduces the amount financed and the total profit you pay over the term.

Home Finance in Saudi Arabia — FAQ