Saudi Arabia's Real Estate Development Fund (REDF) plans to start providing subsidized mortgage financing to existing beneficiaries within the next two weeks, Al-Madinah newspaper reported, citing the fund’s PR and Information Manager Hamoud Al-Osaimi.
Under the new program, REDF will cover the interest rate of existing mortgage loans issued by any financial institution, valued at a maximum of SAR 500,000, he said.
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