Housing Program has once again clarified the conditions for accessing debt transfer and rescheduling services for subsidized mortgage loans on certain housing products.
In response to an inquiry from a beneficiary on the social media platform ‘X,’ the program stated: “The debt transfer and rescheduling service for subsidized mortgage loans on certain housing products is available under specific conditions.”
It added: “Availability will be expanded across various financing institutions, and you can find out all the details of the service through your financing institution.”
The program had previously specified the conditions for the debt transfer program, which include the following:
- - Customers who are current on their payments.
- - Customers receiving full or partial subsidies.
- -Does not currently apply to beneficiaries of the down payment initiative for military personnel and civilians.
- -Does not apply to beneficiaries of existing financing.
- -The repayment period must not exceed the remaining term of the current contract.
The Sakani Program has also outlined the process for transferring debt and rescheduling mortgage loans for subsidy recipients through the following steps:
- Log in to the official Citizen Account Support website, and a temporary password will be sent to your cell phone.
- Then click on “Submit Application.”
- A form with blank fields will appear; enter your information, such as your username, password, the email address associated with your account, your ID number, and your address.
- You’ll also need to enter your housing information along with your full monthly salary.
- Make sure to double-check the information you’ve entered.
- Next, upload all the required data and documents.
- Then click the “Submit Application” button.
