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.

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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