Installments for the last 20% of your apartment's value without interest in the Ain Asas project

In addition to the total price of the unit, the decision to purchase a new apartment involves the method of payment installment distribution and how suitable it is to the buyer’s financial commitments throughout the repayment period. From this perspective, the Osus Eye project offers clients an additional option besides the direct payment plan from the developer, allowing the last portion of the unit’s value to be converted into a separate interest-free bank installment according to the terms of the offer and the credit approval of the financing entity.

This article explains the mechanism of this offer, distinguishes it from the usual direct payment plan in the project, clarifies the categories that may benefit from it more than others, and the points that must be checked before making a decision.

What is the difference between this offer and the direct payment plan from Osus Eye developer?

Osus Eye Project offers a direct payment plan from the developer with no interest, starting with a 20% down payment, followed by a second payment of 30%, then a series of smaller consecutive payments until a 5% payment upon delivery. The offer discussed in this article is different; it is an additional option that allows eligible clients to convert only the last 20% of the unit’s value into installments through a bank, instead of paying it as a lump sum within the developer’s schedule. In other words, this offer adds flexibility to the final part of the original payment plan.

How does the installment of the last 20% of the unit’s value work?

The client pays the project installments according to the approved schedule from the developer as usual. Upon reaching the last part of the unit’s value, which is 20%, instead of paying it all at once, it can be paid in installments through the bank according to the duration and mechanism specified in the bank’s offer.

For example: If the unit price is one million Saudi riyals, the last 20% equals 200,000 riyals. The eligible client can pay this amount in installments according to the financing entity’s terms. This example is for illustration purposes only; the actual value varies depending on the selected unit’s price, the installment period, and the financing entity’s terms at the time.

Read also: Sajaya Osus: Luxury Villas in Al Janadriyah District

Why might this offer be suitable for you?

This option helps distribute financial commitments more flexibly, especially as the unit handover date approaches, which is usually accompanied by additional costs such as furnishing, preparation, and moving. The most prominent benefits it can provide include:

• Reducing the financial pressure associated with the relatively large final payment.

• Preserving part of your personal liquidity instead of freezing it in a single payment.

• Distributing the financial commitment over a longer period that matches your monthly income.

• Better planning for furnishing and preparation expenses upon handover.

• Completing the purchase of the unit without having to pay the entire remaining amount in one lump sum near handover.

Who is this offer specifically suitable for?

• Those looking for an apartment to live in and prefer a more flexible payment plan near the handover date.

• Investors who prefer to keep part of their liquidity to invest in other opportunities instead of freezing it all in real estate.

• Clients who plan for furnishing and preparing the unit upon handover and want to separate this budget from the final payment.

• Those who want to complete the purchase without bearing the burden of a large final payment all at once.

Read also: Osus Makan Project: Luxury Residential Apartments

What information should be verified before benefiting from the offer?

Before deciding to benefit from this offer, it is important to verify the following points with your real estate advisor and the financing entity directly:

• The name of the bank or approved financing entity for the offer.

• The actual available installment period.

• Eligibility conditions and credit approval requirements.

• The specific units included in the offer within the project.

• The offer’s expiration date.

• The presence of any administrative fees or additional costs associated with the financing, if any.

• The full project payment schedule before reaching the final 20% stage, to ensure it matches your available liquidity at each stage.

How do you start the process to benefit from the offer?

The first step is to request the list of currently available units and prices in the Osus Eye project, then determine the value of the last 20% for the unit that suits you specifically, and check the financing terms and their applicability to your credit status. After that, you can book an appointment to visit the project and select the appropriate unit before completing the reservation and financing procedures officially with the financing entity.

Payment flexibility can be just as important as the price when choosing the right unit, especially in the final stage close to handover, where financial commitments usually accumulate between the unit installment and the costs of furnishing and moving. At Imtilak Global, we review the financing offer details with each client step by step with the financing entity to ensure its suitability for their situation and financial plan before making any decision. If you are interested in knowing the currently available units in the Osus Eye project and the details of this specific offer, our team is ready to provide you with everything you need through a free real estate consultation.

Read also: Osus Prime Project: Luxury Apartments in Al Qairawan District

Frequently Asked Questions about the installment offer for the last 20% in Osus Eye

Does this offer cancel the original payment plan for the project?

No, the original payment plan (20% first, 30% second, and consecutive payments until delivery) remains as it is. This offer only adds the option to pay the last part (20%) in installments through a bank instead of paying it as a lump sum.

Is credit approval from the bank required for this offer?

Yes, benefiting from the offer is subject to the financing entity’s approval of the client’s credit eligibility according to its own standards, and this is a separate step from the reservation procedures with the developer.