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Self-construction package is one of the optional solutions introduced by Real Estate Development Fund (REDF). The package aims to facilitate the beneficiary’s journey in building his residential land, by providing immediate, non-refundable support in a fixed amount of SAR 100,000 or SAR 150,000 based on beneficiary’s net income.

Program features:

  • Competitive Profit Margin.
  • Non-refundable subsidy up to SAR 150,000 depending on beneficiary’s net income.
  • Applies for Self-Construction product. 

* APR starts from 6.26%.

* Administration and evaluation fees are 1% of the total amount of funding or up to SR 5,000 and subject to 15% Value Added Tax (VAT)..

For Examples of declaration tables click here

Terms and Conditions:

  • Meet the requirements of self-construction product, in addition to:
  • Obtaining REDF approval for the self-construction package.
  • The minimum age is 18 years and not to exceed 70 years at finance maturity.
  • The minimum net salary is SAR 5,000.
  • The beneficiary is eligible for one subsidy program only.
  • Beneficiary eligibility criteria should comply with SAMA regulations.

Risks related to the mortgage product