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The Existing Funding

  • To convert the existing mortgage funding into a subsidized funding for the beneficiaries registered at REDF, who have a current Funding mortgage from Funding agencies and they are continuing in the payment process.

    The most important advantages of the existing Funding:

    • There is a possibility of continuing to deposit the monthly support amount after the expiry of Funding contract.
    • Completing the procedures without advising Funding agency
    • The holders of a monthly income of SAR 14,000 or less (basic salary + housing allowance) after deducting insurance or retirement for a sum of SAR 500,000 by 100%.