Riyadh-Mubasher: Saudi Arabia’s Real Estate Development Fund (REDF) will launch the accelerated loan programme within 21 days, Makkah newspaper reported.
The programme will be launched in Jumada Al-Thani, and the relevant regulations will be implemented first.
A total of 200,000 citizens on the fund’s waiting list will benefit from the loan.
The REDF will repay the Murabaha loan, and then clients will repay it to the fund over five years.
The programme is one of the initiatives taken the REDF to help nationals buy or build houses, especially amid a decline in public spending on credit activities.
