Features & Benefits

  • Subsidize up to 100% in paying profit of mortgage finance SAR 500,000 maximum.
  • The disbursement of finance funding will be in four payments maximum, based on the construction phases.
  • The Construction period limited to 24 months maximum.

All the fees are subjected to 15% Value Added Tax (VAT)

For Examples of declaration tables click here


  • Saudi national Applicant
  • Applicant does not own an existing house, and the mortgage finance demand for first residential house.
  • Have approval of MOH/REDF.
  • Good credit history
  • Minimum applicant age is 18, and does not exceed 70 years at maturity.
  • Work service for at least 6 months for private sector employees, 3 months for semi-governmental sector employees, and without a minimum service for government and military.
  • in addition to the following:
    • Applicant owns a residential land.
    • Applicant owns an incomplete residence building
    • Both above should be within the residential of city border.
    • Applicant land or incomplete building is registered and has an independent title deed. 

Required Documents from client

  • Copy of valid national ID card.
  • Salary Certificate (the validity is one month), certified by Chamber of Commerce (if salary is not transferred).
  •  Salary transfer letter (for salary transferred).
  • A bank account statement for the last 3 months of the salaries deposit (for the employee), or bank account statement for the last 6 months (for self-employment).
  • A confirmation letter from employer to validate salary amount in case of difference between Salary Certificate and Bank Account Statement.
  • Financial Statements for last two years (for self-employment).
  • Social insurance certificate (in the case of employer not enrolled in the bank).
  • Copy of the Commercial Register (for self-employment).