Granting direct lending beneficiaries before 2017 a discount in the event of early repayment

Today, the Real Estate Development Fund announced the early repayment program, which grants beneficiaries before 2017 a discount of up to 24% in the event of early repayment of all or part of the real estate loan, provided that the beneficiary is committed to paying to benefit from the discount mechanism.
This program comes as part of the Real Estate Fund’s endeavor to stimulate and encourage direct lending beneficiaries who disbursed their real estate loans before 2017 according to the old system. In order to reduce financial obligations, address debts, and improve their credit records.

Early repayment program

The Real Estate Fund explained that the early repayment program applies to beneficiaries of direct lending to repay the full value of the real estate loan, or part of it, in no less than an annual installment.
He pointed out that the program does not include those who have late installments, calling on all direct loan beneficiaries to benefit from the program and submit a request for early repayment of all or part of the loan through the electronic portal at the link from.
He stated that the program is part of the Fund’s initiatives to ensure financial sustainability, which contributes to enhancing the culture of early repayment and improving efficiency in developing innovative financing programs and solutions that enable future generations to own housing.
It is noteworthy that the Real Estate Development Fund has allocated an electronic service to receive requests from beneficiaries to benefit from the early payment program, in addition to the unified number (920002354) to receive incoming requests and respond to inquiries from beneficiaries of the program.