​​In celebration of National Day, Real Estate Financing is offering a 100% refund of management fees to all current and new customers interested in real estate financing products.

​Terms and Conditions

• Minimum age of 18 years old.
• The net monthly income shall not be less than 3,000 Saudi riyals
• Not to exceed 75 years old when paying the last monthly installments
• The property to be within the approved plans and within the boundaries of the urban area
• The offer is valid from September 21, 2025, to September 27, 2025
• The customer is responsible for paying the VAT on the management fees.
• To be eligible for the management fee refund offer, the client must not benefit from any other offer provided by the bank related to reducing the profit margin on real estate financing products.
• The management fee is refunded after execution during the offer period.​

Real Estate Development Fund and the Ministry of Housing programs

• Monthly Subsidy
  

A Real Estate Development Fund's program that supports individuals seeking to own a home by covering part of the financing profit. The support amount is transferred monthly to the client, and the Ministry bears the profit amount.

• Down Payment Subsidy

One of the Real Estate Development Fund's programs that provides customers with a non-refundable down payment support of 150,000 if the customer's income is less than​10,000, and​100,000 if the income exceeds 

10,000.

• Facilitated Mortgage

A program dedicated to subsidized customers, where the required down payment amount is reduced from 10% to 5%.​

• Additional Subsidy Initiative for Ministry of Defense Personnel

  A financing initiative from the Real Estate Development Fund that contributes ​​160,000 toward the down payment for Ministry of Defense personnel through an interest-free loan from REDF. Customers can receive this subsidy in addition to choosing between monthly subsidy or down payment subsidy. ​​

FAQs:

​Are there any management fees?

No, the offer includes a 100% refund of administrative fees. 

Is the client exempt from paying VAT on administrative fees?

No, the client is not exempt and is 

responsible for paying the Value Added Tax (VAT) on the administrative fees.

What is the mechanism of the real estate financing program?

• The bank purchases the property selected by the client.
• The bank then sells the property to the client at its original price plus a profit margin.
• The client repays the value of the property to the bank in monthly installments, according to the terms of the contract signed between both parties.

How is the profit margin calculated?

Through the declining balance mechanism, the annual profit is distributed based on the financing amount into monthly installments, calculated on the remaining principal balance. ​