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Housing loan launched among 6 thousand applicants
First 2024/07/10
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The Ministry of Construction, Housing and Public Municipalities is preparing soon to launch a housing loan of 60 million dinars, among more than six thousand applicants, after securing financial allocations amounting to 750 billion
dinars.
The ministry’s spokesman, Nabil Al-Saffar, told Al-Sabah: The ministry has agreed to accept all loan transactions for applicants for the housing loan of 60 million, which will be disbursed in installments according to the progress of work on the
housing unit.
He stressed that his ministry has secured 750 billion dinars that will be disbursed in accordance with the controls and instructions stipulated in the Housing Fund Law, which guarantees the right of every citizen to apply for the loan, provided that he owns a plot of land with an area of no less than 100 meters, in addition to a map of the borders and a
recent property deed.
Al-Saffar pointed out that there are approximately six thousand loan transactions that will be disbursed in the coming short period, noting that the Housing Fund received 17 thousand transactions, 11 thousand of which were completed by last March, stressing that his ministry confirmed that applicants retain their rights according to the points of preference and priority in applying, based on the principle of transparency.
Editing: Mustafa Majeed
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