NHC launches low-interest real estate financing without salary cap

Logo of National Housing Co. (NHC)

National Housing Co. (NHC) announced applying the lowest interest margin on real estate mortgages offered by the Real Estate Development Fund (REDF) for all the residential projects it develops in suburbs and urban communities. The interest rate stands at up to 2.59%, with no salary cap for the initial 10,000 off-plan sale contracts with four local banks.  

The profit rate stands at up to 2.59%, with no salary cap for the initial 10,000 off-plan sale contracts across four local banks.   

The company announced the start of financing contracts with four local banks, which include Al Rajhi Bank, Saudi National Bank (SNB), Bank Albilad and Saudi Awwal Bank, state-owned Saudi Press Agency reported. 

NHC is encouraging those interested in suburban and urban community purchases to complete the necessary procedures to benefit from this offer, which is aimed at 10,000 citizens based on reservation priority.  

The company said that bookings started today in coordination with REDF. Project details are available at sales offices in the suburbs and urban communities, or on the Sakani digital platform.