Saudi: Bank Albilad provides final payment real estate financing

Saudi: Bank Albilad provides final payment real estate financing

For the first time in the Kingdom’s housing sector, Bank Albilad announces the launch of the final payment real estate financing product as an e xclusive program. This is in addition to the real estate financing programs that the Bank offers as innovative solutions to beneficiaries to provide necessary funding to help households buy houses.

The Bank has emphasized the continuation of its efforts to offer innovative solutions and qualitative real estate financing programs aimed at providing housing options which perfectly suit the Saudi family’s needs. Meanwhile, the Bank carries on activating housing financing programs supervised by the Ministry of Municipal and Rural Affairs and Housing through the initiatives and programs of the Real Estate Development Fund and the National Housing Company.

The real estate financing program provides a final payment of up to 50% of the value of the property. This reduces the monthly installment payable by the customer and allows for a larger financing amount. The Bank offers multiple financing solutions such as financing ready-made units purchase, the off-plan sale product, the Advance Subsidy program and other real estate financing programs at competitive prices.

As the first Saudi bank, Bank Albilad provided a non-refundable advance subsidy product with a value of