The Real Estate Bank announced that it will start sorting and checking all electronic applications for housing loans submitted through the “Our” portal, beginning Monday.
Sami Ahmed, the head of the bank’s credit department, told the state TV channel that the bank has finished receiving applications and will now begin reviewing them. He explained that once people apply through the “Our” platform, their information is sent to a team inside the bank. This team checks the details, verifies the documents, and then sends each application to the correct branch based on where the applicant lives.
Ahmed made it clear that accepting applications is not based on how much time people have to apply — it depends on how much money is available for loans. The bank adds funds to the platform, and once the number of applications matches the amount of available money, the system closes and stops accepting new requests.
He also pointed out that some applications get rejected for specific reasons — for example, if the person has already taken a loan from the Real Estate Bank before, or if both spouses apply even though only one of them can receive the loan.
He added that under the bank’s credit plan for 2026, the application portal will open again in January 2026, once new financial allocations are ready. Any applications that aren’t completed or don’t meet the requirements this time will be moved to the next round.
