The maximum housing financing loans is one of the most questioned by citizens in the state, because banks issue a set of different loans through which housing can be obtained with an appropriate amount of financing, but it must be noted that in order to obtain this financing, then it is not A few important conditions must be met.
The maximum housing financing loans
The maximum housing financing loans varies according to the type of bank from which the loan is obtained, and these housing loans reach a maximum of 5 million Saudi riyals, and the amount of financing is determined according to the housing unit and according to the salary of the beneficiary and when the conditions required are met Conditions that are required according to the type of bank, the funding application can be rejected.
There are many different banks from which residential loans can be obtained from Al -Rajhi or the Saudi Investment Bank and a group of other banks.
Conditions for obtaining housing financing loans in Saudi Arabia
There is a different set of conditions that must be met to obtain residential financing in the Kingdom, and among the most prominent of these conditions:
- The applicant for the loan must be a Saudi national and a resident inside the Kingdom permanently.
- The applicant is not less than 20 years old and no more than 75 years old.
- The applicant must spend a first batch from 10% to 30%, depending on the private sector, according to the type of property.
- The applicant must be an employee in one of the official sectors without interruption for a period of 3 months continuous.
- Obtaining a monthly income of at least 3 thousand Saudi riyals.
