TAIF: New amendments to housing regulations include financial support, list of beneficiaries and pay-up timetable of loans.
These conditions will mean that 450,000 citizens will not be eligible for support because the new conditions. The amendments mean that loans have to be repaid before the person who has taken the loan reaches the age of 65, and the monthly installment will be set at 33 percent of his income with an extension period of no more than 25 years from the start of the date of the grant of loan, which may not be appropriate for those who are applying. The number of those applying between the age of 40 and 60 are 23,9875. Both men and women whose income is less than SR3,000 number 67,306, while those whose income is less than SR6,000 stand at 160,392.
These conditions will mean that 450,000 citizens will not be eligible for support because the new conditions. The amendments mean that loans have to be repaid before the person who has taken the loan reaches the age of 65, and the monthly installment will be set at 33 percent of his income with an extension period of no more than 25 years from the start of the date of the grant of loan, which may not be appropriate for those who are applying. The number of those applying between the age of 40 and 60 are 23,9875. Both men and women whose income is less than SR3,000 number 67,306, while those whose income is less than SR6,000 stand at 160,392.
