Housing Fund makes new decisions to facilitate lending to citizens
09:13 - 09/07/2019
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announced the housing fund in the Ministry of Construction and Housing and public municipalities, for decisions taken to facilitate inter lending to citizens in various segments, most notably the introduction of a formula to accept guarantees employees of the Ministry of Interior and Defense.
An official source in the fund said in a statement to Al-Sabah newspaper that the fund included among its plans to facilitate the citizens' access to housing loans, it has taken a number of decisions, including that if the borrower's retirement is referred to the retirement, The pensioner's salary shall not be refunded by the borrower after taking a written undertaking to continue the guarantee on his pension, in addition to providing the pension number after obtaining it.
"The new regulations also include granting the borrower the right to apply for a housing loan for two different mortgages in the event of a child eligible for marriage with the borrower, the presence of a second wife or in the case of cancellation of the first transaction, stressing that the borrower can not benefit from the housing loan twice for the same property "