Features:
The home finance program is a profit-backed housing finance program by the Real Estate Development Fund for an amount up to 500,000 Saudi riyals, and it is compatible with the provisions of Islamic Sharia. This program is provided to the beneficiaries of the Real Estate Development Fund and the Ministry of Housing.
Banque Saudi Fransi - Home finance Program :
Flat Rate
Down Payment
Monthly Payment
Minimum Salary
Fees & Cost
Requirements
The mechanism of home finance program
The program subsidy is given to the beneficiary after obtaining real estate financing from participating banks and financing companies.
The Fund provides a monthly subsidy amount that covers financing profits at a rate ranging between 35% as a minimum and 100% as a maximum, according to the support matrix, and the amount is transferred to the beneficiary's account directly after paying the monthly installment due from the financing authority.
Eligibility
Documents required
ID card
Monthly Payment
The Fund provides a monthly subsidy amount that covers financing profits at a rate ranging between 35% as a minimum and 100% as a maximum, according to the support matrix, and the amount is transferred to the beneficiary's account directly after paying the monthly installment due from the financing authority.
Benefits:
Choices of home finance program available at BSF:
Purchasing ready-unit
Financing self-construction house
Purchasing residential unit under construction
Land and loan financing
A mortgage