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Down Payment Subsidy Package

Riyad Bank offers solution for customers who are eligible for housing support from the Ministry of Municipal, Rural Affairs and Housing and the Real Estate Development Fund as one of the optional solutions provided by the Sakani program for subsidized customers, as the package aims to facilitate home ownership for the beneficiary based on his net income with amount up to 150,000 SAR non-refundable for the following home finance products:

  • Purchasing ready unit from the market.
  • Off-plan home financing
*Terms and conditions apply
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More Information

  • Shari’a compliant
  • Ability to apply step-down feature upon retirement as to be reduce the installment according to retirement income.

Ability to apply for 2 in 1 feature that allowing the customer to have additional liquidity.

Group (A):
  • Customer must be 18 years old and above.
  • The customer must be eligible for subsidy from Real Estate Development Fund
  • Must be Registered in Sakani advisory portal and select and type of subsidy.
  • The customer shall be eligible to grant home finance according to Riyad Bank policy.
  • Financing the down payment support shall be one time for the REDF only.
  • The beneficiary unable to get advantage of other feature such as considering the subsidy as part of monthly income, Moyasser, monthly subsidy once apply for down payment support package.  
  • The net salary deposited shall be considered that, including the basic salary plus fixed allowances, subtracted GOSI payment.
  • In case of net salary is less than 10,000 SAR, the down payment support is 150,000 SAR.
  • In case of net salary is more than 10,000 SAR, the down payment support is 100,000 SAR.
  • *All Terms and Conditions apply

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Apply Online - Purchasing Readymade Property

Home Finance products from Riyad Bank offer you Shariah-compliant financing solutions based on the principles of Murabaha and Ijara. Customers can purchase the property of their choice with flexible payment plans and competitive profit margins.
Please complete the form below

Type Four Apply Now

Thank you for applying. Your Reference Number is

A representative from Riyad Bank will contact you to complete your request.
Keeping in mind that a current account is required to obtain any product or service from Riyad bank, if you do not have one yet, you can open an account from here

Our apologies. With the provided information, you are not eligible for a home loan
Employment Eligibility Personal Information

Monthly installment


Profit Added


Total Eligible Amount


Total Repay


Down Payment


VAT (5%)


Finance Period (in Years)


Admin Fees


Loan To Value Ratio


Annual Percentage Rate


* All amounts are in SAR
* Please note that these are simulated amounts and they represent an approximation and not the exact numbers.
* For early settlement, financing contracts terms & conditions will be applied
What's after applying online?

Visit your nearest Riyad Bank branch with the following documents:

  • Copy of valid Saudi national ID
  • Completed application form for Home Finance
  • Completed applicant undertaking form
  • Completed applicant health declaration
  • Salary certificate with salary details
  • Bank statement
  • Deposit of valuation fees

For more information please call our toll free number 800-124-2020

The calculations allow you to only simulate approximate loan amounts and estimated monthly repayments. For exact figures please contact us on: 800-124-2020, or visit any of our branches here.

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