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Registration in the Real Estate Development Fund, the most important conditions and how to update the data

Registration in the Real Estate Development Fund, the most important conditions and how to update the data, as it is an important topic for many and most people are looking for ways to benefit from the Real Estate Development Fund because it is emerging as one of the largest financing institutions in the Kingdom of Saudi Arabia. Building many sites and modern housing in the Kingdom of Saudi Arabia.

Registration in the Real Estate Development Fund

  • Registration must be done on the Real Estate Development Fund website first because all the following steps must be followed:
  • You must enter the official website Real-Estate development fund .
  • After that, you have to click on the word registration on this site, and you will be directed to another page that contains many fields where you need to write them all, and these data include: the applicant’s personal data, family data, job and income data, and must be spelled correctly.
  • Then complete all the steps required by the official website, where you need to activate your account to ensure that the registration is complete.
  • After that, you have to choose any service available on the site, for example: choosing the financing account service, the subsidized financing programs service, the legal advisor service, and most of the services offered on the site.

Conditions of the Real Estate Development Fund

  • There are several conditions that must be met in order for a citizen to obtain a real estate loan and own the most modern buildings and homes in the Kingdom, the most important of which are:
  • A form to apply for an electronic real estate loan from the Real Estate Development Fund must be completed.
  • The loan applicant must pledge to pay all the monthly deductions requested by the fund, and that is to be done from his account.
  • A bank statement for the last three months must be available and approved and attached to the applicant’s salary to receive the application and the date of the appointment.
  • The applicant is required to bring the applicant’s credit record, and this will be from the * SIMAH * company, and if it is proven that the applicant failed to register the loan from * SIMAH *, he will not receive financing from the Real Estate Development Fund.

How to update data to obtain a loan?

  • However, after registering on the official website of the Real Estate Development Fund, the applicant can obtain the loan from the Real Estate Development Fund, but after updating all data to ensure that all data are correct, the data can be updated by following some steps:
  • First you have to access its main site Real-Estate development fund .
  • After that you need to click on the task related to electronic services, another menu will appear and you must click on citizen services.
  • A selection service will appear to update the applicant’s personal data, you must click on it.
  • Since you need to type in the username, password and verification code, a new page will open and the registration to log in must be completed.
  • After that, another page will open that contains a large number of blank fields, all of which need to be written, and these fields contain data about the applicant’s registration number and the applicant’s birthdate, after which the verification code is written.
  • After that, you need to click on the data verification box, to confirm the accuracy of the data and complete the registration in the Real Estate Development Fund.
  • After completing the registration on the site, all data and validity of the data are reviewed, and then the fund is approved.

Source: موجز مصر by www.mogazmasr.com.

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