Saudi Mortgage Affordability Calculator
Calculate your mortgage affordability based on salary and obligations. Applies SAMA rules and Saudi bank rates from Al Rajhi, SNB, Riyad Bank
Financing Details
Frequently Asked Questions
The Saudi Central Bank (SAMA) regulations state that total monthly deductions from salary (including mortgage payment and all other obligations) must not exceed 65% of the monthly salary.
For the first home, the minimum down payment is 10% of the property value. For a second or investment property, you must pay at least 30%. This is according to current SAMA regulations.
Murabaha: The bank purchases the property and sells it to you at a known profit in installments; ownership transfers immediately. Ijara (lease-to-own): The bank buys the property and leases it to you; ownership transfers after the last payment. Both are Sharia-compliant.
Annual profit rates for home financing in Saudi banks range from approximately 3.5% to 6.5%. The rate varies by bank, amount, term, and customer credit profile. It is recommended to compare offers from several banks.
Yes, the Real Estate Development Fund (Sakani) offers support up to 500,000 SAR for eligible Saudi citizens. The support includes full or partial coverage of home financing profits depending on monthly income.