Subsidized Home Equity Program

Subsidized Home Equity Program

If you have been granted an approval for housing subsidization while you already own a property that you desire to complete or renovate, you can get cash in hand against mortgaging this property.

  • Shari’a compliant
  • Competitive profit margin rates
  • Flexible payment plan

Please complete the form below and we’ll call you as soon as possible (during work days):

ID Number required Please enter a valid National Id/Iqama This product is available for Saudi Nationals Only
First name required
Middle name required
Last name required
Age must greater than 18
Gender *
Gender required
Nationality required
Mobile number required Invalid mobile number e.g.: 966569876765
Email address required Enter valid email address
Preferred phone required Invalid mobile number e.g.: 966569876765
Preferred time to call
Preferred Language *
Preferred language required
Verification required Invalid verification code
 
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Please complete the form below and we’ll call you as soon as possible:

ID Number required Please enter a valid National Id/Iqama This product is available for Saudi Nationals Only
First name required
Middle name required
Last name required
Gender *
Gender required
Nationality required
Date of Birth
Age must greater than 18
Mobile number required Invalid mobile number e.g.: 966569876765
Preferred email is required Enter valid email address
Prefferred Language *
Preferred Language required
Inquiry Message required
Verification required Invalid verification code
 
close

Our team will be glad to serve you from 8am till 10pm, Sunday through Thursday.

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Overview

This program is specially designed for customers who have been registered in the housing subsidization list of the Ministry of Housing and The Real Estate Development Fund, to fund the construction progress of the property through easy and flexible installment plans.

  • Financing amount up to SAR 5 million
  • Possibility of joint finance between the primary applicant + 3 first degree relatives
  • Possibility of owning more than one finance
  • Ability to add/cancel joint applicants
  • Possibility of early settlement / transfer ownership (Ihlal)/selling to a third party
  • Cooperative insurance against all risks
  • Exemption in case of death or permanent disability and transfer of ownership of the property to the heirs in accordance with the insurance coverage
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