It is an initiative that aims to facilitate getting a residential property for the Ministry of Defense military officers, by providing additional financial support as an extra finance of SAR 160,000 when applying for new home finance from The Saudi Investment Bank.
Features
- A fixed finance SAR 160,000
- Compatible with ready houses and off-plan products
Payment Period
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Finance Amount
SAR 160,000
Terms and Conditions
- Only for the Ministry of Defense eligible military officers.
- Applicants must be listed on the REDF’s and Ministry of Housing’s finance lists.
- Applicants must apply for a new home finance.
- Applicants will get a fixed financial SAR 160,000, which will be considered as down payment for its new home finance.
- Compatible with ready houses and off-plan products.
The Annual Percentage Rate (APR)
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*The Annual Percentage Rate (APR) may differ based on the amount and maturity period.
