Home Equity Readymade Property:

Home Equity Readymade Property is designed for customers who desire to get large amounts of cash against mortgaging their property in favor of Riyad Bank, then repossess it through flexible monthly installments.

Home Equity Incomplete Property:

Home Equity Incomplete Property from Riyad Bank provides you with financing solutions specially designed to meet your needs and offers cash in hand that will enable you to continue construction works. This gives you the ability to pay installments towards the construction progress of your property, interior and exterior.

Home Finance features and benefits:

• Financing amount up to S..R 5 million 
• Possibility of having more than one finance 
• Possibility of early settlement
• Cooperative insurance against all risks
• Exemption in case of death or permanent disability and transfer of ownership of the property to the heirs in accordance with the insurance coverage
• The possibility to calculate the financing amount to 77 years for the Governmental and Private sector, and 75 years to the Military sector

For Home Finance APR disclosure, click here

• For Saudis only
• Minimum monthly salary of S..R 5,000
• For government, semi-government and private sectors, as well as other bank employees
• 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:

• Copy of valid Saudi national ID
• Completed application form for Home Finance
• Completed applicant undertaking form
• Completed applicant health declaration
• Salary certificate with salary details
• Bank statement
• Deposit of valuation fees

Visit your nearest Riyad Bank branch with the following documents:

• Copy of valid Saudi national ID
• Completed application form for Home Finance
• Completed applicant undertaking form
• Completed applicant health declaration
• Salary certificate with salary details
• Bank statement
• Deposit of valuation fees

For more information please call our toll free number 800-124-2020

The calculations allow you to only simulate approximate loan amounts and estimated monthly repayments. For exact figures please contact us on: 800-124-2020, or visit any of our branches here.