Sakani Debt Transfer Program: Key Terms and Eligibility Criteria Explained

Questions have been raised about the terms of the debt transfer program offered by the “Sakani” program. The program, which aims to facilitate the process of housing ownership for citizens, has set specific standards for those who want to transfer their debt The debt transfer program is for specific categories of clients, as required the program:

1. Regular paying customersThis means that customers who continue to pay their installments on the specified dates without delay will be the first candidates to benefit from this program.
2. Customers receive full or partial support: The program allows the beneficiaries of the program’s support, whether full or partial, to transfer their debts, which helps to increase the flexibility of financing.

However, there are certain exceptions that beneficiaries should be aware of:

• The program does not apply to Military and Civilian Down Payment Initiative recipients at this time.
• It does not apply to existing financial beneficiaries.

The program needs that The payment does not exceed the remaining period of the current contractThis ensures continuity of payment obligations without changing the originally agreed timetable.

Responsibilities of self-build beneficiaries

In a related context, the “Sakani” program also clarifies obligations that self-build beneficiaries must adhere to:

1. Just start the construction procedures Immediately after signing the housing support contract.
2. The construction will be completed within three years From the date of commencement of construction.
3. Payment of installments in full and regularly To ensure continuity of support.
4. Download the information data for construction Providing the Fund with a certificate of occupancy once construction is complete.

Improving citizens’ access to housing services

The housing program, with its many and expanding services, is a prime example of how technology can be used to improve government services and make them more efficient and user-friendly. With more than 43 digital services available through the electronic portal, beneficiaries can address most of their real estate needs online, without the need to visit branches unless necessary.

In addition, the real estate advisory service provides direct and personal support to each beneficiary, which helps to provide advice and solutions that are appropriate for each case. The self-service tools available in the Fund’s branches operate 24 hours a day, which increases the efficiency of the program and provides access to its services at any time With the presence of an integrated call center and channels social media, the program ensures a quick and efficient response to the questions and queries of beneficiaries. This integrated service network works hand in hand to ensure that housing assistance is within the reach of every citizen, supporting the main goal of the program: to provide adequate housing for every family.