thousand beneficiaries of the program “mortgage loan” in 2018 50

Media In / Riyadh 8 January 2018

The spokesman of the Saudi Real Estate Development Fund Hamoud al-Osaimi said that the number of citizens benefiting from the program “mortgage” during the past year (2018) amounted to 50 thousand beneficiaries in various regions and cities of Saudi Arabia through five tracks are (buy a ready housing unit, Under construction, self-construction, mortgage-proven real estate, and support for existing mortgage-based beneficiaries. “

He added that among the programs are the financing solutions that have increased the interest of the beneficiaries “flexible installment” and the program “guarantees”, the service of “real estate adviser” and “the financing of retirees” and “reduce the advance to the first 5% instead of 10% Accelerate, “” Know Your Role, “and” Housing for Soldiers in Service “initiative.
He pointed out that the Fund has created a number of solutions for a segment of citizens who have not previously been able to obtain financing from banks and financial institutions, whether they are employed in small or medium-sized companies that are not registered with the banking sector, are entrepreneurs or are not fixed, Age and approaching retirement age.