REDF Civilian Down Payment

REDF Civilian Down Payment


Shariah compliant financing

Shariah compliant financing, based on Murabaha

Down payment Coverage

Down payment coverage by REDF for civilian personnel and education employee.

Down payment requirement

Down payment requirement of 10% for first house or 30% for any additional property (customer to bear only excess of REDF’s support amount)

REDF Coverage

REDF will cover profit portion of the finance up to a maximum finance amount of SAR 500,000 through Madoom Program

Takaful Life Insurance

Free Takaful life coverage against death or permanent disability, God forbid, without any medical test for finance up to SAR 2,500,000

Property Insurance

Free Takaful property coverage against fire and natural disasters such as floods, storms, earthquakes and resulting damages

Debt Burden

Maximum debt burden ratio (DBR) is 65% out of the gross income

Civilian Down Payment Program is a SAIB’s home financing product in collaboration with REDF, which offers a down payment subsidy for civilian personnel. Customers may utilize this down payment amount for ready house only. The benefits of Madoom Program (monthly profit subsidy) and Moyassar Program (reduced down payment) will be applicable for eligible customers as well.

Payment period


Finance amount


The features you need to know:


  • For Civilians and education sectors
  • Minimum age of civilian customer is 50 Years and for education employees the Minimum age of customer is 40 Years.
  • Applicant must be listed on the REDF’s and Ministry of Housing’s finance lists
  • Service period:
    For Government Sector: 1 month with current employer.
    For Private Sector: 3 months with current employer.
  • Applicant must open a salary account with SAIB


  • Submit finance application form
  • Copy of National ID
  • Introduction letter from customer’s employer
  • Salary transfer letter
  • Account statement of the last 3 months showing last 3 salaries, verified from the previous bank


For more information and details, please contact our Flexx Call contact center at:



Standard SAIB loan administration fees. (1% of the finance amount up to a maximum SAR 5000) will apply.

This product comes with a complimentary salary account with no minimum balance requirements. The account also offers free cheque-book, mada Debit Card from The Saudi Investment Bank and access to SAIB Flexx Click Internet Banking, Flexx Call contact center and SMS Banking facilities..


  • Approval in principle within 24 hours (subject to complete documentation)
  • Completion of final approval and all related procedures within 12 working days provided all required documents are submitted on time.

An example of information that will be obtained when applying for a product

Property evaluation (SAR) 500,000
LTV % 90
Type of term cost Fixed
APR % 6.07
Finance Tenor (Years) 15
Payment method Monthly deduction from customer's salary
Monthly Installment Amount (SAR) 3,413.91
Early settlement amount 1-2 Years: Total profit amount of the 1st two years After 2 years: profits of the three subsequent installments

*The Annual Percentage Rate (APR) may differ based on the amount and maturity period.

The calculator provides estimates only.
Your Age
20 Years
Property Price
Gross Income
Repayment term
First House
Down Payment
Monthly obligations
For exact figures please contact Flexx Call contact center at 800-124-8000
or visit your nearest SAIB Branch.
All personal financings are subject to credit approval.

Product Risks

To view the Home Finance product risks, click here


Am I required to open an account and transfer my salary to avail of this product?

Yes, salary transfer to SAIB is mandatory in order to obtain any of SAIB’s home finance products.

Is this product for civilian personnel only?

Yes. But there is similar product for the military which you can view from here

Is this product for a specific civilian sector?

This product is for all civilian sectors.

Is this finance available for expats, too?

No, this product is only for eligible civilian personnel listed on REDF’s and Ministry of Housing’s finance lists.

If I am not listed on the REDF’s and Ministry of Housing’s finance lists, can I obtain this product?

No, only those who are listed in REDF’s and Ministry of Housing’s finance lists can get this product. If you are not eligible to get this product, you may apply for SAIB’s Murabaha Home Finance instead. To learn about Murabaha Home Finance, please click here.

Is this product Shariah-compliant?

Yes, this product is Sharia-compliant and based on Murabaha principle.

How much is the maximum amount I can receive as down payment subsidy?

The maximum subsidy amount is SAR 140,000, depending on REDF’s criteria.

How much is the administration fee amount?

1% of the finance amount, up to SAR 5,000 (whichever is lower).

What is the minimum length of service?

The minimum service period:
Government Sector: 1 month with current employer
Private Sector: 3 months with current employer

What is the down payment requirement?

If the down payment amount exceeds SAR 140,000, the remaining amount is to be paid by the customer to fulfill down payment requirement of the Bank.

How can I apply for this finance?

Please click here or contact our Flexx Call contact center at 800 124 8000 .