Real Estate Development Fund is receiving applications for loans without land

Published 25 Jun 2011
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Real Estate Development Fund is receiving applications for loans without land

Riyadh, e-Media:

Real Estate Development Fund began officially today to receive applications for new loans without the requirement to own the land through a campaign of "Moyassar".
"This comes after the Fund's management worked during the last period with the support and follow-up of His Excellency the Minister of Housing Dr. SHoish bin Saud Aladhoyhi to have a web site with a high capacity can be accommodate the expected numbers to submit their requests to the Fund at one time" engineer Omar bin Abdullah Abdulkarim, General Manager in charge of the Fund said.

He added that the Fund completed the electronic link with the relevant authorities to become the stages of moving an electronic submission through the three channels are / portal and / smart phones / text messaging / SMS / the unified number of all operators Mobile / 501111 / applicant to receive a response indicating if requested text message / SMS / on his mobile phone.

The service allows citizens to apply for the Real Estate Development Fund for a mortgage without the requirement to own the land, and is required for the service, that the  beneficiary should not be an owner for a house now or before, should not have been borrowed from the Fund, not under the age of 21 years If he is married, and 24 years if unmarried. The women shall be met for the loan who has not been married before the age of not less than 40 years, and may apply for an absolute two years divorced, as well as the widow that did not marry. An orphan is required to obtain the service should not be one of his parents had already benefit from the loan fund, the application is through the father data entry identity, not to exceed the age of an orphan 21 years old, is also required for the orphan, which exceeded 18 years and less than 21 years to bring marriage proof. The service Number is 920010092.

Last Modified Date: 10/02/2013 - 3:00 PM Saudi Arabia Time


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