Subsidized Home Finance and Al-Moyassar Home Mortgage Programs

Subsidized Home Finance and Al-Moyassar Home Mortgage Programs

These are financing programs designed in collaboration between the Ministry of Housing and the Real Estate Development Fund to support the Saudi citizens who are registered in the housing subsidization list and have met the financing terms and conditions.

  • Shariah-compliant
  • Finance period up to 20 years
  • Flexible payment plans

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

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Overview

Riyad Bank offers financing solutions that meet the needs of Saudi citizens who have been granted an approval for housing assistance through the subsidized housing finance program and the Murabaha Al-Moyassar home mortgage program whereby the Real Estate Development Fund supports the cost of finance.

Subsidized Housing Finance:

Riyad Bank finances eligible Saudi citizens, while the Real Estate Development Fund provides financial support to cover the profit margin, either fully or partially, for the first SAR 500,000 of the financing amount. The subsidy percentage varies according to monthly income and number of family members.

Al-Moyassar Home Mortgage:

Riyad Bank finances eligible Saudi citizens, while the Real Estate Development Fund guarantees the advance payment up to 5% of the property value. Hence decreasing the advance payment percentage from 15% to 10%.

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