Extending the repayment period of the accelerated loan to 15 years and increasing the number of beneficiaries to 300,000

Real Estate Development Fund

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The Director of the Real Estate Development Fund, Engineer Yousef Al-Zughaibi, explained that raising the repayment period of the accelerated loan to fifteen years will raise the number of beneficiaries to 300 thousand beneficiaries from applicants to the Real Estate Fund on the condition of land, who are on the waiting lists.

On the other hand. <On the other hand, the extension period of the Real Estate Fund for another year has achieved good options for those wishing to buy ready-made housing units, especially with the special offers offered by some banks for the additional loan, such as Al-Ahli, Al-Rajhi and Al-Holandi Bank.

In a related context, the Real Estate Fund will announce today the names of the new batch of the names of those eligible for loans according to the digital sequences of the lists of citizens who applied, numbering more than 5,000 citizens, worth 2.5 billion riyals, distributed in all regions and cities of the Kingdom.