The Real Estate Development Fund plans to launch its accelerated loan product at the beginning of the holy month of Ramadan this year. Sources indicate that the Fund has reduced the murabaha rate on the accelerated loan to just 1%, bringing the cost of the loan to 75,000 riyals over a fifteen-year term.After the loan is fully repaid to the bank, payments are made to the Real Estate Fund in affordable installments over a five-year period, and all transactions are approved by the Sharia boards of the bank that will offer the service in the coming days.

The same source noted that the Real Estate Fund is working continuously to ensure the sustainability of its resources and to serve the largest number of citizens as quickly as possible until the waiting list is cleared, emphasizing that the Fund has negotiated with all local banks to maximize benefits for citizens and achieve a cost that is considered very low compared to current market rates in the financing sector.