House Extension scheme

  • Through the House Extension Scheme, HFC assist people to extend their houses in case of overcrowding problem.
  • Only one HES loan per household is allowed.
  • Applicant should be gainfully employed and earning less than SR30,000 per month (proof is required).
  • Applicant should provide a guarantor and if applicant cannot provide sufficient proof of income then they will have to provide a co-applicant.
  • The maximum loan amount is SR100,000 at an interest of 10% variable and the maximum term on the loan is 5 years.
  • The loan is disbursed by installment against pro-forma invoice and upon building inspectors certification.
  • Applicant must have planning approval for the extension.
  • Applicant should provide latest payslip, bank statement with at least 6 months transaction, ID card and proof of income if self-employed.