Government launches system for applying for housing loans

Government launches system for applying for housing loans

February 28, 2022 - 22:43
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Written By: SafaAlharathy

The committee in charge of implementing the Prime Minister's initiative for youth housing announced the launch of the registration system for housing loans.

Local Government Minister Badr al-Din al-Toumi said the approval processes for loans are not based on the priority of registration but rather on the person's need for them, and that priority will be given to families and youth in need.

He indicated that the program would adopt the mechanism of the Zakat Fund in terms of searching and verifying applicants for housing loans.

The minister also clarified that the displaced can submit their requests in their places of residence or the places where they wish to reside.

The system contains a section for personal data as well as job information that must be filled out to accept the applications, the minister said.