Features:
• The repayment period is up to 20 years
• Financing the beneficiaries of housing support
• Cooperative insurance against all risks
• Exemption in the event of death or total disability, God forbid, and assignment of the property directly to the heirs according to the insurance coverage criteria
Riyad Bank - Subsidized Home Finance Program for Property Owners :
This program is designed for clients who are on the support lists in the Ministry of Housing and the Real Estate Development Fund, and who wish to complete construction work, and benefit from this support to pay construction costs through easy installments.
Flat Rate
Down Payment
Monthly Payment
Minimum Salary
3000 SAR
Fees & Cost
Eligibility:
• Available for Saudi citizens only.
• The customer must be on the lists of the Ministry of Housing or the Real Estate Development Fund.
• Minimum net salary of 3000 SAR *according to terms and conditions
• Available to workers in the governmental, semi-governmental and private sectors approved within the financing programs.
• Agreeing with the bank's credit policies and terms.
• The property is complete.
• The possibility of calculating the support as an additional allowance to increase the amount of financing.
• Flexible Installment Possibility.
Documents required:
• A definition of the salary that mentions the date of starting work on the job.
• bank statement.
• Family Card.
• A copy of the real estate deed.
• A copy of the building permit.
Benefits:
• Shari’a compliant
• Competitive profit margin rates
• Flexible payment plan
• Sending the authorized evaluator within the same day
• Ability to fund before Salary depositing