Lower down payment requirement (only 10%) of the financed property value for first property (or 30% for any additional property).
REDF supported subsidized financing (profit amount) of up to 500,000 of the financing amount with 100% coverage for citizens with salaries up to 14,000.
Allows customers to get financing against their owned residential land to fund the construction of their home. Customers can also avail the benefits offered by REDF under Madoom Program with this product.
Ministry of Housing (MOH) Ready House Finance is a product from The Saudi Investment Bank (SAIB) in collaboration with REDF which allows customers to purchase ready houses in projects developed by MOH.
Allows customers to buy the property they want to own from the Ministry of Housing’s (MOH) approved development projects through accredited real estate developers.