BIDAYA Home Finance, a Riyadh-based non-bank provider of real estate financing products, has launched its latest digital home financing product targeting residents in the Kingdom. The company’s line of fully digital home and real estate finance services now includes BIDAYA Home Finance for Residents. The expatriates’ home financing solution is designed specifically to meet the demands of Saudi Arabia’s growing expatriate community. It enables all eligible residents in the Kingdom to own a home in three simple steps.
More and more talent from around the world is lured to the Kingdom as the country intensifies its efforts to achieve the lofty Vision 2030 goals. Minister of Investment Khalid Al-Falih said that expatriates are a crucial component of Saudi Arabia’s development story and that as the country’s economy becomes more sophisticated and varied, both the quantity and quality of expatriates would likely improve. But because of the rich culture and abundant job prospects in Saudi Arabia, many of the Kingdom’s visitors already see the nation as their second home.
Under the direct supervision of the Saudi Central Bank, BIDAYA provides distinctive solutions, such as Ready Unit and Off-plan Unit Financing, Residential Land Financing, and Buy and Lease Back, which answer particular preferences and wants. The business has introduced its first corporate services, including financing for the purchase of residential and commercial land, financing for the development or completion of real estate projects, and financing for buy-and-leaseback transactions.
The entire product line is built on BIDAYA’s robust and cutting-edge digital platform, which speeds up the application and approval processes and has already made financing easier for thousands of Saudi consumers of BIDAYA’s home financing products. In recognition of the company’s dedication to digital transformation, the Global Business Review Magazine named BIDAYA Home Finance “Saudi Arabia’s Best Islamic Digital Financing Company” for 2022.
