Steps to exempt the deceased from mortgage loan installments

How to submit an electronic application to the Real Estate Development Fund to drop the loan installments upon the death of the beneficiary.
Real Estate Development Fund - Mortgage Loan Installments

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Real Estate Development Fund explained that there are some cases that are exempted from paying the installments of the subsidized mortgage loan, including if the beneficiary of the loan dies, the exemption is done by following the following steps:

First, visit the Real Estate Fund website. First, visit the Real Estate Fund website.

First, visit the Real Estate Fund website. <Secondly, click on the e-services button. Thirdly, click on the Deceased Exemption button.

Thirdly, click on the Deceased Exemption button.

Fourth, submit the application and wait for approval.

In the end, the Real Estate Development Fund Authority approves the exemption request and the value of the unpaid installments is dropped in cooperation with the concerned authorities.

Finally, the Real Estate Development Fund Authority approves the exemption request.

Real Estate Development Fund

The Real Estate Development Fund was established by Royal Decree No. ((M/23)) dated 1394/06/11 AH corresponding to 1974/07/01 AD and started its activities in 1395 AH, a year after its establishment and the aim of its establishment was to contribute to the establishment of modern housing and residential complexes in various parts of the Kingdom.

The headquarters of the Real Estate Development Fund is located at the headquarters of the Real Estate Development Fund. The headquarters of the Fund is located in Riyadh and is associated with 40 branches and offices spread throughout the Kingdom and its services cover more than (4700) cities, governorates, centers and migrations.

The Fund started with a capital of (250) million riyals and then doubled several times to become the capital of the Fund until the end of the fiscal year 1442/1441 AH to about (190,897,900,000) one hundred and ninety billion eight hundred and ninety-seven million and nine hundred thousand Saudi riyals to make the Fund one of the largest real estate financing institutions in the world, and this is the desire of our wise government to achieve the greatest amount of the ambitions of citizens in providing adequate housing.

The Fund's main headquarters in Riyadh.