Sakani e-finance service and application method
In order to provide all means of facilitation and satisfaction to the users of Sakani, the program offers the e-finance service from applying for e-finance for real estate products without the need to visit the financing entities.
<The program covers 3 types of products, under-construction unit, ready-to-market unit, and self-build.
Unit under construction
You can buy “off-construction” residential units, in line with your desire to get your residential unit built with specifications that give you a lifestyle you aspire to, and quality that fulfills your aspirations with financing solutions and VAT for the “first home”.
Financing to buy a property
Financing the purchase of an under-construction or off-plan property (villa, apartment, townhouse) through one of the projects of the Ministry of Municipal and Rural Affairs and Housing and provided through approved contractors and through one of the financing entities participating in the program
The most important advantages of buying a unit under construction:
<Reduced installment during the construction period with some lenders.Financial support provided to the beneficiary based on his net income by providing a non-refundable financial support in a fixed amount of 100 or 150 thousand riyals according to the updated support matrix.
Market Ready Unit
This product offers ready-to-market units, with financing solutions and VAT for "first home" to make it easier for you and more accessible for home seekers.
Financing for the purchase of a property.
Financing the purchase of a market-ready property (villa, apartment, condominium) or one of the Ministry of Housing's ready-made projects through one of the financing entities participating in the program
The most important features of the buying a housing unit from the market:
Financial support provided to the beneficiary based on his net income by providing a non-refundable financial support in a fixed amount of 100 or 150 thousand riyals according to the updated support matrix.
The possibility of benefiting from the down payment reduction service.
Self-building
With unique services that accelerate your self-build process, this product offers you an exceptional journey from land and subsidized mortgages to contractors and construction supervision.
Self-building financing for those who have land and want to build their own home as they wish, through mortgage financing in installments through the financing entities participating in the program.
The most important features of self-build financing:
Receiving the financing amount in installments according to the stages of completion.
Construction period according to the financing entity's policy up to a maximum of 36 months.
Reduced installment during the construction period in some financing entities.
Financial support provided to the beneficiary based on his net income, and the support is disbursed to the beneficiary on a monthly basis according to the updated support matrix, which contributes to enabling the beneficiary to own the appropriate housing.
How to apply for any of the three products:
Register for the Real Estate Advisor service
Review recommendations from lenders
Review recommendations from lenders
Review recommendations from lenders
Contacting the lender
<Start the financing processSign the contract
Evaluate the trial
Steps to benefit from e-finance:
Log in to the platform or application
Selecting a real estate product
Selecting the financing entity
Entering financing data
Approve the initial offer
Send the application to the lender
Benefits
Easy to apply
Initial calculation
Available within 24 hours
Know the status of your funding application
Features
Fast application process
You can apply to more than one lender
There is no obligation on the applicant to apply for online financing.
Terms and Conditions
The online application is for approved lenders.
Ensure that you meet the requirements of the financing entity before submitting the application.
The initial offer of funding is indicative and non-binding.
Financing procedures are completed through the financing entity's channels.
