construction completion program

construction completion program

A program dedicated to serving owners of land or unfinished buildings to help them build housing.

: Program features
  • Up to 100% support for the payment of profits of an amount Financing a maximum of 500 thousand riyals.
  • The financing amount is disbursed in a maximum of 4 payments according to the construction stages.
  • Construction period not exceeding 24 months.
  • All fees are subject to tax Added value
: Eligible for this program
  • The applicant must be a Saudi national.
  • Does not own real estate and finance to own the first home.
  • Receive the approval of the Real Estate Development Fund/Ministry of Housing.
  • Good credit history.
  • Minimum age of 18 years and no more than 70 years when financing is due.
  • Performing the current work for a period of no less than 6 months for employees of the private sector, 3 months for employees of the semi-governmental sector, and without a minimum service period for employees of the government sector and the military
: In addition to the following
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    • Owns a residential building suitable for construction.
    • Owns an unfinished residential building.
    • Registered in a notary with a separate deed.
    • Within the urban area of ​​the city.
    • Documents required from the client
    • A copy of a valid ID card.
    • Salary identification certificate no later than the date of issuance One month, certified by Chamber of Commerce (in case of non-salary transfer).
    • Salary transfer letter (in case of salary transfer).
    • Bank statement for the last 3 months of salary deposit (for employee) , or a bank statement for the last 6 months (for self-employed people).
    • Confirmation letter (in case the salary difference in the identification certificate from the statement of account).
    • Financial statements for the last two years) For self-employed people).
    • Social insurance certificate (required in the case of some entities not listed in the bank).
    • A copy of the commercial register (for self-employed people).