{"id":67871,"date":"2024-08-04T15:04:16","date_gmt":"2024-08-04T12:04:16","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=67871"},"modified":"2025-11-26T02:45:02","modified_gmt":"2025-11-26T02:45:02","slug":"%d8%aa%d9%81%d8%a7%d8%b5%d9%8a%d9%84-%d8%a5%d8%b7%d9%84%d8%a7%d9%82-%d8%a7%d9%84%d8%b5%d9%86%d8%af%d9%88%d9%82-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a-%d8%ae%d8%af%d9%85%d8%a9-%d9%84%d8%aa","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/67871\/","title":{"rendered":"Details of the Real Estate Fund's launch of a service to extend the deadline for disbursement of financing payments"},"content":{"rendered":"

Launched Real Estate Development Fund<\/a><\/strong>A new e-service that enables beneficiaries of the \u201cSelf-Build\u201d and \u201dLand and Loan\u201d products, who have exceeded the statutory period of 36 months and have not completed the construction stages of their homes, to apply for an extension to be able to disburse their financing payments, following the directive of His Excellency the Minister of Municipalities and Housing and Chairman of the Real Estate Development Fund Majid Al-Hogail to grant an additional grace period of up to 16 months for beneficiaries of the Self-Build product and Land and Loan who have exceeded the statutory period and have not completed the construction stages of their houses, according to the directive of His Excellency the Minister of Municipalities and Housing and Chairman of the Board of Directors of the Real Estate Development Fund Majid Al-Hogail.<\/p>\n

The Real Estate Fund explained today that the e-service allows the beneficiary to apply electronically within a maximum period of 90 days from today, through the extension request service on the Fund's electronic portal at the link (https:\/\/portal.redf.gov.sa\/service-details\/extend-info), adding that the e-service is only available to beneficiaries of the two self-build products, land and loan, who have exceeded the statutory period of 36 months from the date of signing the financing contract and have not completed the construction stages.<\/p>\n

He added that the beneficiaries of the self-construction and land and loan products who have exceeded the statutory period of 36 months from the date of signing the financing contract and have not completed the construction stages are required to benefit from the extension service.<\/p>\n

and emphasized aFor a real estate fund<\/a> <\/strong>She emphasized the importance of the beneficiary's commitment to update the completion stages before applying for the extension service, indicating that upon acceptance of the extension request, the beneficiary will be notified of the due period ranging from 4 months to 16 months to complete the stages of housing construction and go to the financing entity to start disbursing financing payments, and the beneficiary will be notified of the status of returning the housing subsidy.<\/p>\n

The Fund emphasized on the beneficiaries of the grace period, the importance of completing the construction and modernization stages electronically upon the disbursement of each payment and periodically until the completion and readiness of the housing; in order to ensure the benefit of the grace period, the disbursement of financing payments and the continuity of housing support, indicating that the beneficiary is not entitled to apply for an extension of the grace period after 90 days have passed from the date of launching the service.<\/p>\n

The Real Estate Development Fund offers Housing Support Programs<\/a><\/strong> while the unified call center 199088 and social media channels respond to inquiries and questions from beneficiaries around the clock.<\/p>\n

\n

#Your Opportunity<\/a> To take advantage of the grace period for disbursement of finance payments to complete the construction phases, update your data and apply through the extension request service.<\/p>\n

Apply now:https:\/\/t.co\/8W687C6ZKy<\/a> pic.twitter.com\/A6Qf0yXcIt<\/a><\/p>\n

- Real Estate Development Fund (@redfksa) August 4, 2024<\/a><\/p><\/blockquote>","protected":false},"excerpt":{"rendered":"

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