With a loan value of 500 thousand riyals to be repaid over 20 years, more than 425 thousand citizens on the waiting list await the approval of the Arab Monetary Agency on the accelerated loan, which was approved by the Real Estate Development Fund, is imminent, and this breakthrough comes after the suspension of the issuance of real estate loans since last Ramadan 21, and included the fifth batch of loans approved in the budget of the fiscal year 1437/1436 AH and included all applicants to the Fund throughout the Kingdom until 12/2/1426 H.

In the same direction, all Saudi banks, and real estate finance companies specialized in offering the loan, are seeking to spread the benefit. In the same direction, all Saudi banks and real estate finance companies specialized in offering the loan seek to generalize the benefit; where the accelerated loan enables the citizen applying to the Real Estate Fund to benefit early, by obtaining the loan without waiting for the mortgage approval, whose duration depends on the size of the support to the Real Estate Fund, and the borrowers' repayment, and the Real Estate Fund pays the Murabaha for the accelerated loan - approved by the Sharia bodies in the banks that offer it - provided that the citizen pays the Murabaha value to the Fund after completing the loan repayment over five years.

Accelerated Loan The accelerated loan is one of the most important programs and initiatives of the Real Estate Development Fund to support citizens in buying or building housing, especially with the decline in the volume of government spending for lending programs, and achieve part of the requests of citizens on the waiting lists of 425 thousand citizens.

The accelerated loan is considered one of the most important programs and initiatives of the Real Estate Development Fund to support citizens in buying or building housing.