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Government Subsides product

Ready units subsidized by REDF

A product to finance ready-made (villa, apartment, building) or one of Ministry of Housing projects subsidized up to 500,000 SR shariah compliant and provided to REDF and Ministry of Housing beneficiaries.

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Self-construction product subsidized by REDF

Self-construction finance for land owner who aim to build their homes according to their need by home finance through supported profit installments for an amount of SAR500,000 compatibles with Shariah provided for REDF and Ministry of Housing.

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Under construction residential units (Off plan) product subsidized by REDF

It is financing the purchase of a property under construction or what is called (off plan), whether it is (villa, apartment, townhouse) through one of the Ministry of Housing projects, subsidized profits for an amount of up to 500,000 Saudi riyals compatible with the provisions of Islamic Sharia and provided to REDF and the Ministry of Housing beneficiaries.

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Land and Financing Product Subsidized by Real Estate Development Fund (REDF)

It is a self-construction finance based on the concept of Tawarruq for those who have land granted through the Ministry of Housing within plans and projects, and granting the Ministry of Housing to build his house according to his desire, which is through Home Finance to build housing unit on the granted land in payments subsidized profits for up to 500,000 SAR in compliance with the provisions of Sharia, the beneficiaries are provided by the Real Estate Development Fund (REDF) and the Ministry of Housing which the land was mortgaged as a guarantee until the full amount is paid.

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Subsidized Mortgage

It is a product based on the concept of Tawarruq which subsidized profits for up to 500,000 SAR in compliance with the provisions of Sharia, the beneficiaries are provided by the Real Estate Development Fund (REDF) and the Ministry of Housing. So, that the customer gets the amount of the mortgage then the land or real estate was mortgaged as a guarantee until the full amount is paid.

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Mortgage Calculator

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