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Find answers to frequently asked questions about our products, services, and policies.

Waiver of entitlement is only between spouses.

If the owned house is suitable, i.e. armed and habitable, he cannot benefit from housing support

No, he can't.

There is no specific age, and the age of the housing unit is determined by agreement between the beneficiary and the financing entity.

No objection, if the financing authority approves this.

Issuance of subsidized real estate finance contracts for up to 25 years on an optional basis to beneficiaries on the understanding that the benefit is due for a maximum period of 20 years. If the beneficiary wishes to increase the period, the beneficiary shall bear the profits of the additional period (up to a maximum of 20 years to 25 years).

The amount of support is calculated at a certain percentage of the number of profits for a maximum amount of SAR 500,000 for the amount of funding.

Calculate the support of monthly earners (basic salary + housing allowance only) and deduct insurance or retirement from it. If the result is SAR 14,000 or less, the support rate will be 100% without consideration for the number of family members.

After the payment of the monthly instalment to the financier, divide the support amount in equal monthly payments for a maximum period of 20 years and transfer it from the real estate fund account to the beneficiary's account.

 

It is a cost-supported financing program by the Real Estate Development Fund and the Ministry of Municipal, Village, and Housing Affairs in collaboration with banks and participating finance companies, which enables beneficiaries to accelerate their ownership of adequate housing through access to subsidized financing.

Yes, if the financier agrees but the proportion of support you receive is calculated on the maximum profit of  SAR 500 thousand.

 

 

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