FAQS

No objection, but the bank must pay the full amount to REDF and the mortgage is released, as there cannot be two mortgages on the same house

Yes, they can apply if they meet the conditions of Implementing Regulations of Statute of Housing Subsidy.

What are the channels of communication with Sakani?

The service is a reliable and approved real estate market platform for offering and purchasing new and used residential products (villas, apartments, floors and lands) from different regions of the Kingdom.

The service is free and there is no charge for it.

5% is the value of the real estate transaction tax.

No, the country does not bear the land purchase tax.

When the conditions set out in the Implementing Regulations of Statute of Housing Subsidy are met. You can review these conditions by visiting the Regulations and Regulations window on the link: https://sakani.sa/housing-subsidy-policy.

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.