8 banks that applied for the accelerated loan program approved by the Real Estate Development Fund and targeting 300,000 citizens qualified, while 4 banks were excluded because some of them offered a rental formula and others had high rates, and specialized real estate finance companies were also excluded because they offered non-competitive profit rates.

The loan term is set at 15 years for those whose salaries are less than 15,000 riyals, 10 years for those whose salaries are more than 15,000 riyals and less than 25,000 riyals, and 5 years for those whose salaries are more than 25,000 riyals.

While the monthly installment is 2777 riyals if the financing period is 15 years, 4166 riyals if the financing period is 10 years, and 8333 riyals if the financing period is 5 years. The accelerated loan, which will start working very soon through eight banks, is characterized by being Sharia-compliant and approved by the Sharia Council, insuring the entire property in case of fire or natural disasters, forgiveness of the loan in case of death or total disability, urgent financing without waiting for the issuance of the Fund loan, early ownership of the property and thus eliminating the burden of rent, and the borrower obtaining a competitive profit rate.