Inquire about the date of disbursement of the real estate fund loan by ID number It is one of the services provided by the Real Estate Fund in the Kingdom of Saudi Arabia, which came among the electronic services provided by the official website of the Real Estate Development Fund. It has been spent so far about one hundred and twenty billion one hundred and forty four million riyals contributed to the construction of about five hundred and fifty five thousand eight hundred and sixty-six housing units, and the Fund’s loans are divided into private loans and investment loans.
The Saudi Real Estate Development Fund is a non-profit development real estate fund, established by a Saudi royal decree. Then the fund began its activity in providing loans to citizens to help them establish private homes for them. The Fund provides loans to individuals and institutions to set up real estate projects for private use or commercial use.
Where applicants can obtain loans through the real estate bank and Mortgage Loan Program “Backed Finance” Knowing when it is due to obtain those loans that were applied for earlier, as the Real Estate Fund provides many services that directly support the Saudi citizen, and among those services that have appeared recently is the Real Estate Development Fund launching a number of new services, on top of which is the Know your role and another service entitled “hurry it” in order to make it easier for citizens to deal with matters related to the real estate fund.
The Real Estate Development Fund also provides workers in the military sectors, a good interest-free loan, from a housing program of the Ministry of Housing in solidarity with the Real Estate Development Fund.
Its financial value has so far amounted to about one hundred and twenty billion Saudi riyals and one hundred forty-four million Saudi riyals. These sums have been transferred entirely in favor of housing construction, which numbered five hundred and fifty-five thousand and sixty-eight housing units, and the Real Estate Fund supports citizens through the various services it provides. For citizens, at the top of this list of services is the Know Your Role service.
The Real Estate Development Fund provides many services to the citizens of the Kingdom, including applying for a good loan, which it provides to the contracting soldiers over the age of 50, which amounts to 40,000 Saudi riyals, in addition to the real estate loan provided by the Fund to citizens without the need to transfer the salary. The site provides it by entering the official website of the Real Estate Development Fund in the Kingdom of Saudi Arabia, selecting electronic services, selecting citizens’ services, and then selecting the service to be inquired about.
The Real Estate Development Fund announced a schedule for opening its branches, urging everyone to abide by the precautionary measures while visiting the branches, and the Fund explained, in a statement on Saturday evening, May 30, 2020, that registration is by entering from here to obtain an appointment to visit any branch.
And the fund indicated, in a tweet on its official account on the social networking site “Twitter”, that “with the reopening of our branches according to the attached schedule, we ask you to adhere to the precautionary measures while visiting the branches and register via the following link to obtain an appointment for the visit.”
Inquire about the date of disbursement of the real estate fund loan by ID number
This initiative comes from the Real Estate Development Fund, as the fund allows granting a “good loan” to workers in the various military sectors who are beneficiaries of Residential Program The Ministry of Housing and the Real Estate Development Fund, and this is one of the services provided by the Real Estate Fund, where the official in charge of real estate development announced the availability of a “know your role” service for all citizens in the Kingdom, through the website of the Real Estate Development Fund, which allows any advanced citizen from among the people on the waiting list, Set an appointment for obtaining the real estate loan backed by the Saudi government.
In order to identify all those who have been allocated housing units at a subsidized price, or those who have been approved to obtain real estate financing loans and also supported by the Ministry of Housing and the Development Fund, it has been agreed and work until the units’ endeavor exceeds 750,000 Saudi riyals and also provide appropriate solutions for each Who are on the waiting lists of the real estate fund, and provide a service to know your role and hurry it up.
We will now explain another service of the real estate bank, which is to inquire about the date of disbursing the real estate fund loan with the ID number in the following steps:
- Log in to the official website in the real estate bank.
- Click on the “You have the right to know your role” section.
- The site will transfer you to the page for the query about the date of disbursing your loan at the real estate bank with the ID number.
- Enter the ID number.
- Click on search to show you the date of disbursing your loan in the real estate bank.
Bearing in mind that the final funding value depends on additional criteria, such as other financial obligations on the beneficiary, and the value of the funding will be determined upon submitting the application to one of the funding agencies as clarified by the fund.
Real Estate Development Fund e-services
The Real Estate Development Fund actively contributes to the construction of buildings and residential communities of the latest models and designs throughout the Kingdom of Saudi Arabia, by granting it loans and subsidized economic financing. Among the following:
- public services.
- Financial Institutions Services.
- Citizen services.
- Supplier services.
- Personnel services.
- Ministry of Housing Services
Login Real Estate Development Fund
- Through the link of the official Saudi Real Estate Development Fund website, the “Know your role” service has been activated via the ID number (1440), which is the latest electronic service that has been activated.
- Enter the site and click on the word “Know your role” with the ID number.
- The e-services page will appear, including the field to inquire about a financed real estate loan with the ID number. Click on the word search to show the exact date of disbursement of the loan.
The General Supervisor of the Real Estate Fund has made it clear that all beneficiaries waiting to obtain subsidized financing loans will receive their payments from various products from the Ministry of Housing as well, according to the dates of the Ministry’s completion of construction and building work for all units spread in many cities and regions across the Kingdom of Saudi Arabia .
Finance repayment period
The financing repayment period should be compatible with your financial capabilities. Although the short financing period reduces the cost of financing, it increases the value of the monthly repayment installments that may hinder your monthly budget, and therefore you should choose a product with an appropriate repayment period with your ability to repay the monthly to avoid tripping problem.
You can specify the number of years to repay the mortgage loan, according to your monthly salary, as the loan is deducted from a specified part by equal monthly. You can also benefit from the system of buying a housing unit in the traditional system, which is that the bank finances 85% of the value of the housing unit to be purchased and in installments determined according to the income monthly.
traditional real estate financing
It is possible to obtain real estate financing of up to 85% of the value of the property from commercial banks or finance companies licensed to provide real estate financing products in the Kingdom. This is in accordance with the laws and regulations related to real estate finance and the conditions eligible for obtaining the financing product, which may include the minimum monthly salary or salary transfer.
Most mortgage companies do not require a salary transfer, but they may require a minimum monthly salary. The Saudi Monetary Agency has approved increasing the maximum limit for real estate financing granted by banks to citizens to own the first home from the previous 70% to the current 85%.
Here, the financing agency purchases the property you want, and then leases it to you in return for payment installments during a certain period, and after this period has passed and all installments are paid, the landlord will assign the property to the tenant in accordance with the laws and regulations governing.
Know your role service
At the beginning of the new year, the names of the beneficiaries of real estate loans from the Real Estate Fund were announced, and the number of loans reached ten thousand, and the real estate financing from the Real Estate Development Fund within the housing campaign. For the year 2021 AD, the loans have been disbursed to 75% of the applicants on the waiting lists and it is expected that the financing will soon be provided to anyone who meets the conditions set by the Real Estate Development Fund for Mortgage Loans.
It is a new service that the Real Estate Development Fund has added to the set of services it provides to the beneficiaries of the real estate bank loan, through the website of the Real Estate Development Fund, in order for the citizens who benefit from the real estate bank loan who are on the waiting list to inquire about their role in the waiting list, and the value of the amounts due to be disbursed. The date of obtaining the loan, and the application number submitted to the bank, with the national identity number of the beneficiary, in order to facilitate the citizens in the work of the loan procedures by entering it through the previous link.
Naturally, the real estate bank cannot meet all loan requests at the same time for loan recipients, and for this reason, the bank places each receivable in the waiting list for its role according to the conditions and priority set, and the conditions are represented in the required amount and the date of applying for the loan, and accordingly the bank disburses loans to a group of citizens Each period according to the know your role service with the national identity number.
And the Know Your Role service, which is provided by the Real Estate Development Fund for the year 1443, where an official announced that making the “Know Your Role” service available to citizens, through the website of the Development Fund, for any citizen on the waiting list, determines the date of obtaining the real estate loan supported by the Saudi government.
Subsidized Financing Program
It is a cost-supported, Sharia-compliant housing finance program implemented by the Real Estate Development Fund in cooperation with the participating financing agencies. Self-construction, off-plan housing units, prefabricated housing units.
The beneficiary who is allocated obtains financing from a real estate financier of his choice, and the Fund pays the costs of financing for him in whole or in part, and this is determined by the number of the beneficiary’s family members and his level of income.
Following the role played by the Saudi government in facilitating services for citizens and residents throughout the Kingdom of Saudi Arabia, the government has made available a large number of services that can be accomplished through the various websites of various ministries, institutions and government bodies.
Based on the principle of Murabaha, Al Rajhi Bank offers its customers a financing program supported by the Real Estate Development Fund with a value of 500,000 riyals. The beneficiary’s bank account, which is divided into two types:
- Government housing program subsidized
- Accelerated government housing program
- Sharia-compliant financing. It includes a Takaful insurance policy in case of total disability or death.
- It includes a 10% down payment for the first dwelling, and for the second dwelling, 30% or more.
- It includes a Takaful insurance policy against fire and natural disasters.
- The amount of financing ranges between 250 thousand riyals to 7 million riyals.
- The financing period ranges from 5 years to 25 years.
- The total salary deduction limit is 65%.
Finance repayment period
The financing repayment period should be compatible with your financial capabilities. Although the short financing period reduces the cost of financing, it increases the value of the monthly repayment installments that may hinder your monthly budget. Thus, you should choose a product with an appropriate repayment period with your ability to repay the monthly in order to avoid the problem of default.
In another context, the Ministry of Housing recently contracted with 70 developers from the private sector, 50 of whom have started working on projects in more than one Saudi region, and more than 25 projects will be delivered in 2019.” Homes up to 60%”, and now your mortgage loan has become easy to obtain or any inquiries about it by communicating with the official account to help the beneficiaries of the Real Estate Fund, the service of knowing your role with ID number 1440, and answering all their inquiries through the unified number 920033321.
Thus, we have completed an explanation of how to inquire about the date of disbursing the real estate fund loan with the ID number, and among other services provided by the real estate bank is the service of obtaining A good loan from the real estate fund amounting to 140 thousand riyalsWhich comes in order to overcome all the obstacles that faced citizens in the past, and it is worth noting that the Saudi government is following a new approach in transforming all sectors of the government to work in an easy and simplified electronic way to serve citizens faster.
It is noteworthy that the Ministry of Housing and the Real Estate Development Fund in the Kingdom of Saudi Arabia announced a new batch of the “sakani” program earlier, with a total of 20,514 housing and financing products, distributed over all regions of the Kingdom, within the program’s goals during the current year, which amount to 300,000.
It is also worth noting that the Saudi government strives to develop all sectors and make them work in an advanced electronic manner, and in the same Kingdom’s endeavors is to provide all means of comfort to all citizens in various parts of the Kingdom, and this comes in the context of the Kingdom’s Vision 2030, which is supported by King Salman and Crown Prince Muhammad. Bin Salman.