The real estate development fund (REDF) began its operations in 1395 AH (1975 AD) and has provided services to 3,976 villages and cities across the Kingdom of Saudi Arabia. With approximately 25 branches strategically located in major Saudi provinces, the fund has been instrumental in facilitating real estate development. By 1419 AH, REDF had provided individual and investment loans exceeding 120 billion and 144 million Saudi Riyals, contributing to the construction of nearly 555,866 individual and investment housing units. In addition to these services, the fund also manages the distribution of state housing units built by the Ministry of Housing to citizens who have pending loan applications. This decision was ratified in 1409 AH.
What is the Saudi Arabian real estate development fund ?
The Saudi Arabian Real Estate Development Fund (REDF) is a non-profit developmental project established in 1394 AH (1975 AD) with the purpose of assisting Saudi citizens by providing them with real estate loans to help them build their own homes. Based in Riyadh, the fund was created by royal decree with an initial capital injection of 250 million Riyals aimed at supporting real estate and investment projects. Over time, the fund’s activities have expanded, with real estate support now reaching 82 billion and 769 million Riyals. In 2022, REDF was recognized as the best government communication institution in the Middle East. Currently, the fund is chaired by the Minister of Housing, Majed Al-Hogail.
Conditions for Obtaining a Loan from the real estate development fund
To qualify for a housing loan from the Real Estate Development Fund, the following conditions must be met:
- The applicant must be a Saudi citizen aged between 20 and 75 years.
- For Saudi women, the minimum age is 21, and they must demonstrate financial capability for repayment.
- Loan applications are processed through the Ministry of Housing and then the REDF.
- A minimum monthly income of 4,000 SAR for men and 5,000 SAR for women is required.
- Continuous employment with a government or private sector entity for at least six months.
- Marital status or the presence of a family is not a prerequisite for benefiting from the fund’s services.
Requirements for Obtaining a Loan from the real estate development fund
The following official documents must be prepared before applying for a loan or checking the repayment status with the Real Estate Development Fund:
- An official application form filled with all required details.
- A copy of the family card and national ID.
- An official salary statement from the place of work dated within the last two months.
- A copy of a bank statement showing transactions for the last six months.
- The property’s age must not exceed 20 years.
- A copy of the property deed, building permit, and the owner’s national ID.
- Proof of investment income if the applicant has a commercial activity.
- A signed copy of the property deed with the owner’s signature.
Key Programs and Services of the Real Estate Development Fund
The Saudi Arabian Real Estate Development Fund offers a variety of programs and services, including:
- Sakani Program: Financing housing units for Saudi citizens, whether for purchase or construction.
- Emar and Development Programs: Responsible for real estate projects.
- Your Home Program: Aimed at financing ready-made housing units.
- Legal and Technical Real Estate Consultation Service: Related to the stages of construction, purchasing, or leasing.
- Real Estate Awareness and Education Service: Educating citizens about their rights and obligations concerning real estate ownership.
- Online Services: Including the Real Estate Development Fund payment service and application tracking.
Steps to Register with the real estate development fund
You can register on the Real Estate Development Fund’s website by following these steps:
- Go directly to the fund’s official website here.
- Click on the “Login” button.
- Enter all personal information such as name, email, and phone number.
- Activate the account by clicking on the link sent to your email.
- Congratulations! You have successfully logged in.
How to Apply for a Loan from the Real Estate Development Fund
Follow these electronic steps to apply for a loan from the real estate development fund:
- Go directly to the fund’s digital portal here.
- Click on the “Updated Housing Support Program” tab on the main page.
- Select the program that suits you through the “Register in the Real Estate Consultant” option.
- Proceed to a page containing financial institutions and choose the appropriate one for you.
- Contact the institution and submit an application to benefit from the real estate financing service.
- Sign the contract with the financing institution and learn the remaining loan conditions and steps.
How to Inquire About the Real Estate Development Fund Using the National ID Number
You can inquire about the Saudi Arabian real estate development fund using your civil registry number by following these steps:
- Quickly access the development fund’s digital website here.
- Navigate to the “Electronic Services” section at the top of the page.
- Click on the “Citizen Services” icon, then the “Comprehensive Inquiry” service.
- Log into your account via the National Access Platform.
- Enter your national ID number or residency if you are a resident.
- Log in and click the search button.
- Benefit from the fund’s inquiry service.
Steps to Inquire About the Repayment of the Real Estate Development Fund Loan
The real estate development fund allows you to make comprehensive inquiries about monthly installment repayments by following these steps:
- As usual, access the fund’s platform via this link here.
- Select the “Individual Services” section, then the “Loan Inquiry” service.
- Enter your national ID number and the loan number.
- Click on the “Search” button, then check the loan information and repayment amount.
Certificate of Payment from the real estate development fund
The payment certificate is an official document confirming that the beneficiary has completed all installments related to the real estate loan and is no longer obliged to meet any financial claims. The total amount paid and a statement of all repayment months are detailed in the certificate. This document is necessary for any real estate-related transactions with government agencies and banks.
Steps to Inquire About the Payment Certificate
The Saudi Arabian real estate development fund provides a certificate stating that you have completed all your monthly installments. You can view this document by following these steps:
- Visit the official website for development fund transactions here.
- Click on the “Electronic Services” section and then select “Payment Certificate.”
- Click on the “Inquire About Payment Certificate” option.
- Enter all your personal information and then click the “Search” button.
- Log in to the platform through the National Unified Access.
- Enter additional information in the designated fields, then the certificate will appear, and you can print it.
How to Clear Your Obligations with the Real Estate Development Fund
The Saudi Arabian real estate development fund offers a clearance certificate through an accredited document confirming that you have fulfilled all your financial obligations. You can clear your obligations by following these steps:
- Go to the National Unified Access Platform here and log in to your account.
- Select “Ministry of Housing” from the services list.
- Choose “Real Estate Development Fund” and from the fund’s services list, select “Clearance.”
- Enter your national ID number in the designated box, then click the “Search” button.
- A page will appear with information about the clearance, review it, and print it.
How to Exempt a Deceased Person from Paying the real estate development fund
The real estate development fund can exempt a deceased person from paying the remaining installments and clear their obligations by following these steps:
- Log in to the deceased person’s account on the fund’s website via this link here.
- Select “Citizen Services” from the electronic services list.
- Use the “Clearance” service, then log in through the National Unified Access.
- Open the clearance document and complete the remaining steps for exempting the deceased from payment.
How to File a Complaint with the Real Estate Development Fund
To submit a complaint to the Saudi Arabian real estate development fund , follow these steps:
- Go to the fund’s digital platform here.
- Click on the “Contact Us” tab from the top menu.
- Fill in all the required fields for your name, national ID number, phone, and transaction.
- Briefly describe your complaint, then send the message and wait for a response.
Means of Communication with the Real Estate Development Fund
The Saudi Arabian real estate development fund has a unified contact number for communication with citizens, and other contact methods, including:
- Real Estate Development Fund Phone Number: 199088
- Fund’s Website: Website link
- Instagram Account: Instagram link
- Facebook Account: Facebook link
- X Account (formerly Twitter): X link
Frequently Asked Questions real estate development fund
When will the loan be disbursed after approval?
The housing loan is disbursed within five working days at most.
What is the maximum amount of the real estate development fund loan?
You can receive up to SAR 100,000.
What is the housing loan disbursement date?
The housing support from the real estate development fund is disbursed on the 24th of each Gregorian month.
How can a deceased person’s mortgage be released?
The legal representative of the deceased can submit a request to the fund to release the mortgage by visiting the nearest branch and presenting the document proving their authority over the deceased’s affairs.
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