Bayt Al-Khair is a simple, convenient and transparent solution to meet your home finance needs. Be the proud owner of a ready villa, a ready apartment, a residential apartment building, home under construction, a plot of land or a self-constructed home, the choice is yours!
Bayt Al-Khair from Samba offers* home finance solutions with a fixed profit rate and little or no down payment. Your monthly installment will not change during the duration of your home finance.
Saudi National Bank will first purchase and own the property that you choose. This will then be sold to you through Murabaha, after entering into a finance agreement with Samba. Under this agreement, you will pay the price (cost of the property plus a profit) to Samba in regular monthly installments. The title of the property will be held through a legal trustee (Al-Adl) and will be transferred to you as soon as all your monthly installments are paid.
To apply for or learn more about Bayt Al-Khair from Samba:
* Terms & Conditions Apply.
* Applicable Flat Rate starts from 3% and Applicable Annual Mark-up Rate starts from 5.64%