SNB Home Finance is one of Saudi Arabia's largest mortgage books — conventional or Murabaha, Sakani-compatible. Underwriters need 6 months of seasoned statements before rate.
Convert your SNB statementSNB Home Finance is the post-merger mortgage program from the formerly-NCB book. It is offered as either a conventional interest-bearing facility or a Sharia-compliant Murabaha — your choice. Both are Sakani-compatible, which means SNB applications can flow through the Ministry of Housing's Sakani portal and benefit from the Real Estate Development Fund (REDF) support for eligible Saudi nationals.
Either route, the underwriting bar is the same: 6 months of bank statements, documented down-payment source, 60-day seasoning of the down-payment balance, and verified income stability. The 6-month requirement is stricter than the 3 months SNB asks for a personal loan because mortgage exposure runs 20+ years — the underwriter wants a longer income picture.
SNB's bilingual statement layout (Date / Value Date / Description AR+EN / Debit / Credit / Balance) is what the mortgage desk sees. The Value Date column matters here — for any large inbound deposit, the value date tells the underwriter when funds were actually available, which feeds the seasoning calculation. A deposit dated 14/01 with a value date of 16/01 is seasoned from the 16th.
REDF support credits, when present, appear as a separate inbound entry — typically tagged with the REDF reference or labelled "دعم صندوق التنمية العقارية". The underwriter counts this towards equity, not towards your monthly income. Statements crossing the NCB→SNB merger window may carry both header brandings; both formats are valid mortgage documents.
The mortgage Excel is doing two jobs: prove income stability, and prove the down-payment is your money and has been your money for at least 60 days.
SNB statements are dual-language PDF documents. The column layout is: Date (DD/MM/YYYY), Value Date, Transaction Description (bilingual), Debit, Credit, Balance. Running balance appears on the right margin. Post-merger statements from legacy NCB accounts may show legacy NCB header branding alongside the SNB logo.
| Label | Meaning |
|---|---|
| حوالة سريعة | Sarie instant domestic transfer |
| POS-MADA- | Point-of-sale Mada debit transaction |
| راتب | WPS salary credit |
| سداد قرض | Conventional loan repayment |
| حوالة دولية | Outbound international SWIFT wire |
Sakani (Saudi Real Estate Refinance Company) mortgages require 3 months of SAMA-bank statements showing WPS salary credits; foreign income requires SWIFT-verified equivalents.
Pull 6 months of SNB statements from AlAhli Mobile
Request a 6-month combined PDF from the Statements section of the AlAhli app. For applications above SAR 2M total finance, the underwriter may ask for 12 months — pull a year while you are at it.
Convert to a single merged Excel
Drop the SNB PDF(s) into Kashfbank. Multi-month uploads merge into one chronological sheet. The merged view is what makes the seasoning check fast — you can scroll the balance column from month 1 to month 6 and see exactly when the down-payment funds first appeared.
Verify down-payment seasoning
Find the down-payment balance you plan to use. Trace backwards in the balance column. If those funds were present on day 1 of the 6-month window — perfect. If they appeared in month 3 or 4, you need a documented source (gift letter, asset sale agreement, or earlier-account transfer proof).
Compute average balance and DBR
Average the end-of-month balance across all 6 months — this is the figure SNB uses for the mortgage rate band. Sum existing installment debits to compute current debt-burden ratio. The export shows both as filterable totals.
Submit Excel + original PDF + supporting docs
SNB and Sakani both require the original bank PDF; the Excel is for your underwriting prep and for your accountant. Bundle the gift letters, salary certificate, and REDF eligibility (if Saudi national) with the package.
Common challenges
Conventional or Murabaha — which SNB Home Finance is faster to underwrite?
The underwriting workflow is similar for both. Murabaha files require additional Sharia-board sign-off on the property purchase structure, which can add a few days. Conventional finance closes faster on average. Your existing SNB relationship and product holdings often matter more than the structure choice for processing time.
I am an expat. Can I get an SNB Home Finance facility?
Yes, SNB offers Home Finance to expat residents, but the loan-to-value cap is lower (typically 60-70% versus 80-90% for Saudi nationals) and you cannot access REDF support. The 6-month statement requirement is identical. Your salary needs to be paid into the SNB account being submitted.
My down-payment came from a family gift. How do I document it on the SNB statement?
Pair the inbound transfer date and amount (visible in the Excel export) with a notarised gift letter from the donor stating the funds are non-repayable. SNB's mortgage desk reviews both together. The gift must still season 60 days in your account before the application date.
Does SNB accept a statement that spans the NCB→SNB merger period?
Yes. Statements crossing the 2021 merger window may show NCB-era branding for early months and SNB branding for later months — both are valid as long as the account number and IBAN are continuous. The mortgage desk treats them as one continuous record.
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Regulator: Saudi Central Bank (SAMA)
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