Off-plan
Riyad Bank App
Off-plan Programs
Own a property through off-plan projects in collaboration with the Housing Ministry and benefit from the housing subsidization to purchase the house of your dreams at the best price.
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Shari’a compliant
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Competitive profit margin rates
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Flexible payment plans
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Sending the authorized evaluator within the same day
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Ability to fund before Salary depositing
More Information
Riyad Bank off-plan program, in collaboration with the Housing Ministry, is specially designed to provide you with the opportunity to own your dream house through approved real estate development projects and Off-Plan Sales Committee (WAFI).
Home Finance features and benefits:
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The payment period is up to 20 years
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Possibility of having more than one finance
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Cooperative insurance against all risks
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Exemption in case of death or permanent disability and transfer of ownership of the property to the heirs in accordance with the insurance coverage
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The repayment period is up to 20 years
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Financing housing support recipients
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Cooperative insurance against all hazards
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Exemption in the event of death or total disability (God forbid) and waiver of the property in favor of the heirs directly according to the insurance coverage criteria
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For Saudis only
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Minimum monthly salary of SAR 5,000
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For government, semi-government and private sectors, as well as other bank employees
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Salary transfer is a must (excluding other bank employees)
All you need to do is visit your nearest Riyad Bank branch with the following documents:
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Copy of valid Saudi national ID
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Completed application form for Home Finance
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Completed applicant undertaking form
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Completed applicant health declaration
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Detailed salary certificate with a clear joining date
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Bank statement
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Deposit of valuation fees
Frequently Asked Questions
Are home Finance products Shariah-compliant?
What are the features and benefits of Riyad Bank Home Finance?
Is it possible for bank employees to get financed without transferring their salaries?
What is the maximum age required for the property?
What are the properties financed by the bank?
Our Strategic Developers
Apply Online - Off-plan Programs
Own a property through off-plan projects in collaboration with the Housing Ministry and benefit from the housing subsidization to purchase the house of your dreams at the best price.
