Over 322,000 beneficiaries receive SAR 196 bln fixed-rate mortgages

08/02/2022 Argaam
Logo ofThe Saudi Real Estate Development Fund

Logo of The Saudi Real Estate Development Fund

The Saudi Real Estate Development Fund (REDF) announced that more than 322,000 beneficiaries received SAR 196 billion worth of long-term, fixed-rate mortgages during the period from 2020 until end of 2021, Saudi Press Agency (SPA) reported.

 

The long-term, fixed-rate mortgages came as one of the solutions of the subsidized housing loan program to raise the rate of home ownership to 70% until 2030.

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