Compare 25+ banks and finance companies — 5% down with Sakani
Mortgage up to SAR 10M, down payment from 5% (with Sakani/REDF), effective rate from 3.5% after subsidy, tenor up to 30 years. Available to Saudis and residents.
3.5%
Rate with Sakani
5%
Down payment (Sakani)
10M
SAR max
30
Years tenor
SAMA-licensed lenders
Every lender in the table is licensed by the Saudi Central Bank
Sakani / REDF approved
REDF-approved providers cut down payment and effective rate
One application, many offers
Compare offers from multiple lenders with one application
Starts at SAR 3,000/month with Bank Albilad, 4,000 with Saudi Home Loans, 5,000 with SNB, Alinma and Manafa. Other providers like Bidaya Home Finance start at SAR 10,000. Each lender sets its minimum based on nationality (Saudi/resident) and existing monthly obligations.
SAMA's regulatory minimum is 10% of property value for first-time buyers. Sakani (REDF) beneficiaries pay only 5%. Off-plan / under-construction properties may require 15-20% depending on the lender.
For first-time buyers, the best lender accepts Sakani/REDF subsidy and offers the lowest rate. Bank Albilad, Alinma, Al Rajhi, and SNB are all REDF-approved. They differ in approval time (7-10 days) and flexibility on off-plan properties. Use the table above to compare rate and minimum salary for each.
Sakani (REDF) is government subsidy that lowers the borrower's effective rate — typically down to 3.5% vs. 5-8% conventional. Down payment also drops from 10% to 5%. Eligibility: Saudi citizen, first-time buyer, salary within qualifying brackets.
Yes, several lenders offer mortgages to residents: Bidaya Home Finance has a dedicated resident program, SNB and Alinma accept residents under specific terms (higher salary, longer employment, larger down payment). Residents do not qualify for Sakani / REDF subsidy.
Maximum tenor in Saudi Arabia is 30 years (360 months) with most lenders. Effective tenor depends on the borrower's age at maturity — typically capped so the borrower is no older than 70 (more conservative lenders cap at 65).
Yes, several lenders fund off-plan properties under specific terms: Saudi Home Loans has an off-plan program, Bidaya offers self-build financing. Down payment is typically higher (15-20%) and the rate may be variable until handover, then fixed.
Average time from application to initial approval is 7-10 business days at most Saudi banks. Final approval takes another 2-4 weeks after property valuation and document review. Through Diro you submit one application that reaches multiple lenders and you compare offers in a single day.
Common fees: origination fee 1% of finance amount (capped at SAR 5,000 per SAMA), property valuation SAR 1,500-3,000, annual property insurance 0.05-0.15% of property value, deed registration. First-time buyers get a Real Estate Transaction Tax (RETT) exemption up to SAR 1M property value.
Yes, prepayment is allowed by SAMA regulation. Prepayment fees are capped at 3 months of profit due (or 1% of outstanding balance, whichever is lower). Some lenders waive the fee after a certain year in the contract. Always review terms before signing.
Live data from 14 SAMA-licensed mortgage providers — pulled from Diro's eligibility engine. Figures include REDF subsidy where applicable.
| Lender | Rate | Min salary | Max amount | Max tenor | Approval |
|---|---|---|---|---|---|
| Bank Albilad | On profile | 3k SAR | 5.0M SAR | 30 years | 10 day(s) |
| Alinma Bank | 3.97% – 7.50% | 5k SAR | 7.0M SAR | 30 years | 10 day(s) |
| Bank Aljazira | 4.26% – 8.50% | 6k SAR | 5.0M SAR | 30 years | 10 day(s) |
| Saudi National Bank (SNB) | 5.18% – 6.86% | 5k SAR | 5.0M SAR | 30 years | 10 day(s) |
| Saudi Home Loans | 5.50% – 8.50% | 4k SAR | 5.0M SAR | 30 years | — |
| Saudi Home Loans | 5.50% – 8.50% | 4k SAR | 5.0M SAR | 30 years | — |
| Saudi Home Loans | 5.50% – 8.50% | 4k SAR | 5.0M SAR | 30 years | — |
| Saudi Home Loans |
| 5.50% – 8.50% |
| 4k SAR |
| 5.0M SAR |
| 30 years |
| — |
| Saudi Home Loans | 5.50% – 8.50% | 4k SAR | 5.0M SAR | 30 years | — |
| Saudi Home Loans | 5.50% – 8.50% | 4k SAR | 5.0M SAR | 30 years | — |
| Manafa | 5.50% – 8.50% | 5k SAR | 10M SAR | — | 2 day(s) |
| Bidaya Home Finance | 5.50% – 8.50% | 10k SAR | 5.0M SAR | 30 years | — |
| Bidaya Home Finance | 5.50% – 8.50% | 10k SAR | 5.0M SAR | 30 years | — |
| Bidaya Home Finance | 5.50% – 8.50% | 10k SAR | 5.0M SAR | 30 years | — |
Figures are indicative based on lenders' latest published terms. Final rate and down payment depend on salary, credit profile, property type (off-plan/ready), and Sakani/REDF eligibility.
