Arab National Bank - Real Estate Finance Program :
ANB provides, in cooperation with the Ministry of Housing and the Real Estate Development Fund, real estate finance to citizens pre-approved for any of the Real Estate Finance Program products sponsored by the Ministry of Housing and the Real Estate Development Fund, to purchase the property of choice in facilitated process.
Once the citizen is pre-approved by the Ministry of Housing and the Real Estate Development Fund, and if both the citizen and property fulfill the standards of Arab National Bank, the citizen can avail of the product from the bank, under which the Real Estate Development Fund will subsidize the finance profit margin on his/her behalf fully or partially for a finance amount up to SR. 500,000 which will be determined based on the number of his/her family members and income level.
Flat Rate
6.44% : 6.65%
Down Payment
Monthly Payment
Minimum Salary
SAR 5000
Fees & Cost
Fees & Costs:
Management Fees: 1.15% of the finance amount or SAR. 5,750 whichever is lower
Eligibility:
Applicant’s Salary SAR 5,000 or more.
Documents required:
Filling the finance application.
Benefits:
Fixed installments
with repayment term up to 25 years.
Financing up to 5 million SR
with easy requirements and effortless process.
Fixed profit margin
throughout the repayment term for any loan.
An array of loan options
Home loan, apartment, land, building, off-plan, mortgage, and self-construction