• Reducing 50% of minimum down payment that defined by regulator as 10% of property value require for mortgage finance.
• Financing up to 95% of total property value.
• Applicable to Off-plan and Ready Units programs.

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

For Examples of declaration tables click here

• Reducing the down payment percentage from 10% to 5% for the first residential house.
• The maximum reduced amount is SAR 40,000, in condition that the property value does not exceed SAR 800,000.

Meet the Ready Unit program requirements click here or Off-plan program click here in addition to the following:

• Obtained REDF approval on Ready Unit or Off-plan program.
• Obtained REDF approval on the down payment Reduction program.

• Ready unit (Vila “separate / duplex”, apartment)
• The property conditions that listed on the Ready unit program click here, or Off-plan, click here.