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The Advance Subsidy program

The Advance Subsidy program
 
Own your property with the Advance Subsidy program
You can now own your property with the Advance Subsidy program whether you want to buy a ready house, buy an apartment, or want to buy a housing unit under construction.
 The Advance Subsidy program is a program intended for beneficiaries of the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Development Fund. Where the Real Estate Development Fund supports the customer's down payment with a maximum of 150,000 Saudi riyals, which is not refundable by the customer.
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What products are included in the program?

  • ​​Off Plan Financing 
  • A ready-made property purchase product​

What are the main advantages of the Advance Subsidy program ?

 
  • Shariah approved products.
  • ​​​Non-refundable support from the Real Estate Development Fund in the amount of 100,000 or 150,000 riyals based on customer salary
  • Reducing the financing amount if the down payment is less than the advance subsidy​
 

Terms and Conditions

  • Not less than 20 years of age
  • To have a chequing account. Don't have an account? Open your account online now, click here
  • The net monthly income shall not be less than 3,000 Saudi riyals
  • Not to exceed 70 years of age when paying the last monthly installments
  • That the property be within the approved plans and within the boundaries of the urban area
  • To be a beneficiary of the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Development Fund​

FAQs

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