Housing Support Matrix

Matar Al-Shammari

Briefly, the Housing Support matrix system is updated:

Housing Support

1-500K has not been canceled, it is a mortgage and you can get financing according to the bank's conditions and the interest is borne by the customer.

2- Any real estate loan with the new contract, the customer bears the commercial bank's interest, meaning you pay the amount of financing + interest.

2.

3- The subsidy is based on your monthly income registered in the definition and according to your salary in the housing subsidy matrix table.

3.

4. The subsidy period is 20 years

4.

5- The beneficiary chooses between a monthly subsidy or a non-refundable package subsidy.

5.

6- Monthly subsidy if your salary is 10 thousand you get a subsidy of 599 riyals per month total = 143760 riyals over twenty years and if your salary is more than 10 thousand you get a subsidy of 416 riyals per month, the total subsidy is 100 thousand riyals.

7- Non-refundable package subsidy, if your salary is from 3000 to 10 thousand you get 150 thousand riyals, and if your salary is more than 10 thousand you get 100 thousand riyals.

8- Package subsidies do not take it in cash, you choose one package from 5 packages and the monthly subsidy stops.

Real estate and finance specialist

Real estate and finance specialist

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