The Real Estate Development Fund has confirmed that the profit margin on the accelerated loan will be very competitive, and the Fund will pay it on behalf of the citizen during the bank loan repayment period, provided that, after the borrower has fully repaid the principal to the bank, they will repay the profit on the loan to the Fund in equal monthly installments over a period of 5 years, emphasizing that the monthly installment to be paid by the borrower during the loan term will range flexibly from 2,777 riyals for a 15-year financing term to 4,166 riyals for a 10-year financing term, and 8,333 riyals if the financing term is 5 years.

The Fund noted that the loan term for those with salaries below 15,000 riyals will be 15 years, while for those with salaries between 15,000 and 25,000 riyals, it will be 10 years, and the 5-year term will be reserved for those with salaries exceeding 25,000 riyals.

In addition, the Real Estate Development Fund announced that properties purchased through the accelerated loan will be fully insured against fires or natural disasters, God forbid.
The Fund confirmed that the loan will be forgiven in the event of death or total disability, in addition to its compliance with the provisions of Islamic Sharia and its approval by the Sharia Board.