Riyadh – Mubasher: The first batch of the mortgage loan was reduced from 15% to 10% through the facilitated mortgage programme, Saudi Real Estate Development Fund’s general supervisor Ayham Al Youssef said.
The REDF will be responsible for 100% of finance charges for low- and middle-income individuals, which is called the government support, while citizens will pay only for the goodwill loan, Al Youssef added, according to Okaz newspaper.
The general supervisor noted that high-income individuals will bear 65% of finance charges, while the REDF pay for the rest.
