Save to Own a Home
Get your dream home effortlessly with our Save to Own a Home account from Banque Saudi Fransi.
An account that helps you save up for a down payment toward your dream home by allowing you to contribute a monthly fixed amount for a specified period of time, with annual returns.
Features and advantages:
- Minimum initial deposit of SAR 10,000 “there is no maximum limit"
- Minimum monthly contribution of SAR 1,000
- The product is offered to individual customers only
- Available in Saudi Riyal only
- Tenor ranges from 1 to 10 years
- The monthly installment will be Gregorian calendars
- Returns are paid at the end of the contract with the basic of investment amount
- Access to your account statement through E-channel without performing any financial transaction
Example: 1 year fixed term Save to own a home
| Saving account Type | Minimum Initial deposit Amount | Minimum Monthly Contribution | Maturity in years | Annual Equivalent Rate | Number of Withdrawals Permitted in the 1st Year |
|---|---|---|---|---|---|
| Save to own a home | 10,000 | 1,000 | 1 | 0.90% | 0 |
Example: 5 year fixed term Save to own a home
| Saving account Type | Minimum Initial deposit Amount | Minimum Monthly Contribution | Maturity in years | Annual Equivalent Rate | Number of Withdrawals Permitted in the 1st Year | Number of Withdrawals Permitted in the remaining years |
|---|---|---|---|---|---|---|
| Save to own a home | 10,000 | 1,000 | 1 | 2.65% | 0 | 0 |
Example: 10 year fixed term Save to own a home
| Saving account Type | Minimum Initial deposit Amount | Minimum Monthly Contribution | Maturity in years | Annual Equivalent Rate | Number of Withdrawals Permitted in the 1st Year | Number of Withdrawals Permitted in the remaining years |
|---|---|---|---|---|---|---|
| Save to own a home | 10,000 | 1,000 | 10 | 3.50% | 0 | 0 |
The Annual Equivalent Rates mentioned above are an example and changeable
Cash withdrawals are not allowed during the contract’s validity period because the purpose of the account is to save and invest the amount saved according to the specified period
Terms and conditions applied
Requirements:
- Saudi National ID
- Passport
- National ID
Saudi Citizens
GCC Citizens
- Iqama ID
- Copy of passport
