Over 70,000 borrowers to benefit from REDF early repayment plan

04/12/2024 Argaam
Logo ofReal Estate Development Fund (REDF)

Logo of Real Estate Development Fund (REDF)

The Real Estate Development Fund’s (REDF) early payment program will benefit more than 70,000 beneficiaries, Al Eqtisadiah newspaper reported, citing REDF spokesperson Saeed Al Zahrani.

 

The REDF announced on Dec. 3 an early payment program, offering a 24% discount on full or partial early mortgage repayments for direct lending beneficiaries enrolled before 2017, data compiled with Argaam showed.

 

The fund said that the early payment program applies to direct lending beneficiaries to pay the full value of the mortgage, or part of it, with at least an annual installment, indicating that the program does not include those with overdue installments.

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