Military Credit Fund

Financing purchase of building materials

There are two types, the first of which is for the purposes of building a house or finishing a house in its structure condition (for residential purposes) so that the term of repayment is up to 15 years with a profit rate starting at 2.5%. The other type is for the purposes of performing maintenance (restoration) for erected building where the where the term of the repayment is 6 years with a profit rate starting at 3.75% by providing the subscriber to the Fund with a quotation from the selling supplier stated the materials that he intends to purchase, so that the Fund will purchase such materials from the supplier then sell them to the subscriber.

Documents required for funding building materials for constructing a housing unit :

Certificate of appointment.
Family book or a certified copy thereof.
Salary statement for the last three months issued by the Finance Department of the agency which the subscriber is affiliated whereas must be duly signed and sealed.
Certificate of liabilities from the bank to which the salary of the subscriber is transferred indicating all liabilities and the value of monthly installments as a debtor and guarantor, in addition to any debit cards and other liabilities.
Account Statement of for the last six month for the subscriber from the bank \ which the salary is transferred.
To provide us with a letter of no- impediment against transferring the value of the monthly installment from the bank to which the salary is transferred if the salary of the subscriber is not transferred to the Fund.
Original letter of the stages of services issued by the Personnel or officers Affairs for off-duty and those reinstated.
Statement of inquiry on immovable properties issued by the Department Lands.
Recent deed of registration of real estate.
Construction license or work permit before issuing the last payment.
Recent Site Plan.
Lands recent drawing.
A real estate appraisal by a surveyor approved by the Fund.