This is a real estate financing program for customers who have been issued approvals from the Real Estate Development Fund on the available and eligible state loan of 500,000 Riyals maximum and meet the credit criteria of Saudi National Bank. This type of funding will be granted to Saudi citizen beneficiaries only.
Saudi National Bank will purchase the property on behalf of the customer in full amount from the seller, on basis that the Real Estate Development Fund will pay an amount of 500 thousand Riyals maximum on behalf of the beneficiary towards the bank as an advance payment of the purchase amount.
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