[You must be registered and logged in to see this image.]
State-owned banks raised interest on project loans Basmajh 6%
Baghdad / peace Zidane
State-owned banks raised interest on project loans Basmajh 6%
Baghdad / peace Zidane
He criticized the citizens and economists to raise the interest rate on the units housing complex Basmajh which amounted to 6% according to the latest instructions issued by government banks.
The increased interest in addition to 26 million dinars to the unit price.
In turn , it revealed investment for negotiations with the government banks to cut interest rates to take account of the interests of the citizen and the banking authority. The Commission emphasized that the number of housing units that received the owners will reach 20 thousand by the end of this year. She said she handed over so far only 3.4 thousand apartments.
The government banks Rafidain and Rasheed and Iraqi Trade, has placed new controls to lend to citizens who wish to buy apartments in Basmajh residential complex.
The controls include the granting of the loan amount, which was identified by 80% of the value of the housing unit, but not more than 75 million Iraqi dinars, after the payment of the first installment amounting to 10% of the value of the apartment, and the duration of 15 years and an interest rate of 6% per annum.
Said Abdul - Karim al - Lami, one of the citizens who have bought an apartment in Basmajh project, (range) that " the state has established itself a financier of the project compared to a profit of up to 6% after it set aside $ 2 billion to support Basmajh project." " We have contracted with the National Investment Commission to buy the price per square meter to $ 660, the price per square meter in Turkey to exceed $ 300 , and the premiums for 20 years."
He said al - Lami "after the intervention of the state has become a citizen it pay interest of 26 million dinars after the State Bank to pay 60 million dinars and the citizen pays 20% of the value of the apartment in cash , " stressing that raising interest rates led to the withdrawal of a large number of citizens registered to buy apartments Basmajh of the project.
And it signed the Iraqi government signed a contract with Korea 's Hanwha Corporation, in 2012, to implement the project Basmajh city at a cost of $ 500 per square meter, plus a portion of the cost of the infrastructure for the project, thereby bringing the total cost per square meter to $ 630. And it endured the state budget one billion dollars to the other part of the infrastructure for the project in support of the citizens.
For his part, the decline citizen Mahdi Jassim for the purchase of housing units in Basmajh after the government instructed banks. Said Jassim (range) that " the apartment with an area of 100 meters became priced 101 million dinars after it was sold at 75 million dinars as a result of the large interest rate set by the government amounting to 6% of banks for a period of 15 years."
He said the citizen , "There is only one option for citizens to buy apartments , which by government banks through the payment of 15 million dinars, in the form of Mekdmtin, the first upon registration and the second upon receipt of the apartment , " pointing out that " the State Bank will pay instead of the citizen $ 60 million dinars interest rate of 26 million dinars, because it will bear 80% of the residential unit price. "
He said Mahdi Jassim that " the terms of the bank is very incapacitating," adding that " a large number of citizens backed away from the project because of its high price and distance from the capital , Baghdad , and the large crowd at the southern entrance to the capital."
He said Jassim " The second condition requires that there be Ikvlk employee for 15 years , a condition that would have no financial liabilities in excess of 50% of his salary, that is, it did not ensure people already." Commenting on this, Sami al - Araji, head of the National Investment Authority, for he (range) that " the national investment is negotiating with the government banks to reduce the interest rate set by the banks for the purchase of residential apartments project Basmajh proportion , " noting that " the results of the negotiations with the banks will be channeled to the benefit of the citizen and the project Basmajh and banks. "
Araji said that " the current way to buy an apartment of the draft Basmajh is that the citizen comes to the Investment Authority , which heading to the bank to take a loan and then contract with the Investment Authority signing and shall establish a time to hand over the apartment and then start paying monthly installments for 15 years."
The Chairman of the Investment Authority that " the Investment Authority handed over 3.4 thousand apartments to their owners at the end of this year the total Muslim apartments to citizens would be about 20,000 apartments."
And Abdel Rahman al - Mashhadani, an economist, for (long) that "complex Basmajh - profit project and not the objective of its establishment eliminating the housing crisis, because its units prices are too high."
Al - Mashhadani said that "residential projects in the countries of the world have an interest rate of 4% and a repayment period of 25 years, while interest in Basmajh compound up for 6% and repayment period of 15 years."
He noted economist that "Basmajh complex located on the outskirts of Baghdad, when comparing the prices of land and houses , there is no difference is very large so the state must intervene to reduce prices and increase the repayment period."
The increased interest in addition to 26 million dinars to the unit price.
In turn , it revealed investment for negotiations with the government banks to cut interest rates to take account of the interests of the citizen and the banking authority. The Commission emphasized that the number of housing units that received the owners will reach 20 thousand by the end of this year. She said she handed over so far only 3.4 thousand apartments.
The government banks Rafidain and Rasheed and Iraqi Trade, has placed new controls to lend to citizens who wish to buy apartments in Basmajh residential complex.
The controls include the granting of the loan amount, which was identified by 80% of the value of the housing unit, but not more than 75 million Iraqi dinars, after the payment of the first installment amounting to 10% of the value of the apartment, and the duration of 15 years and an interest rate of 6% per annum.
Said Abdul - Karim al - Lami, one of the citizens who have bought an apartment in Basmajh project, (range) that " the state has established itself a financier of the project compared to a profit of up to 6% after it set aside $ 2 billion to support Basmajh project." " We have contracted with the National Investment Commission to buy the price per square meter to $ 660, the price per square meter in Turkey to exceed $ 300 , and the premiums for 20 years."
He said al - Lami "after the intervention of the state has become a citizen it pay interest of 26 million dinars after the State Bank to pay 60 million dinars and the citizen pays 20% of the value of the apartment in cash , " stressing that raising interest rates led to the withdrawal of a large number of citizens registered to buy apartments Basmajh of the project.
And it signed the Iraqi government signed a contract with Korea 's Hanwha Corporation, in 2012, to implement the project Basmajh city at a cost of $ 500 per square meter, plus a portion of the cost of the infrastructure for the project, thereby bringing the total cost per square meter to $ 630. And it endured the state budget one billion dollars to the other part of the infrastructure for the project in support of the citizens.
For his part, the decline citizen Mahdi Jassim for the purchase of housing units in Basmajh after the government instructed banks. Said Jassim (range) that " the apartment with an area of 100 meters became priced 101 million dinars after it was sold at 75 million dinars as a result of the large interest rate set by the government amounting to 6% of banks for a period of 15 years."
He said the citizen , "There is only one option for citizens to buy apartments , which by government banks through the payment of 15 million dinars, in the form of Mekdmtin, the first upon registration and the second upon receipt of the apartment , " pointing out that " the State Bank will pay instead of the citizen $ 60 million dinars interest rate of 26 million dinars, because it will bear 80% of the residential unit price. "
He said Mahdi Jassim that " the terms of the bank is very incapacitating," adding that " a large number of citizens backed away from the project because of its high price and distance from the capital , Baghdad , and the large crowd at the southern entrance to the capital."
He said Jassim " The second condition requires that there be Ikvlk employee for 15 years , a condition that would have no financial liabilities in excess of 50% of his salary, that is, it did not ensure people already." Commenting on this, Sami al - Araji, head of the National Investment Authority, for he (range) that " the national investment is negotiating with the government banks to reduce the interest rate set by the banks for the purchase of residential apartments project Basmajh proportion , " noting that " the results of the negotiations with the banks will be channeled to the benefit of the citizen and the project Basmajh and banks. "
Araji said that " the current way to buy an apartment of the draft Basmajh is that the citizen comes to the Investment Authority , which heading to the bank to take a loan and then contract with the Investment Authority signing and shall establish a time to hand over the apartment and then start paying monthly installments for 15 years."
The Chairman of the Investment Authority that " the Investment Authority handed over 3.4 thousand apartments to their owners at the end of this year the total Muslim apartments to citizens would be about 20,000 apartments."
And Abdel Rahman al - Mashhadani, an economist, for (long) that "complex Basmajh - profit project and not the objective of its establishment eliminating the housing crisis, because its units prices are too high."
Al - Mashhadani said that "residential projects in the countries of the world have an interest rate of 4% and a repayment period of 25 years, while interest in Basmajh compound up for 6% and repayment period of 15 years."
He noted economist that "Basmajh complex located on the outskirts of Baghdad, when comparing the prices of land and houses , there is no difference is very large so the state must intervene to reduce prices and increase the repayment period."
[You must be registered and logged in to see this link.]
Yesterday at 7:30 am by Rocky
» utube 5/4/24 MM&C Iraq Dinar- IQD Update - No Float of Exchange Rate - Budget -2024 - Schedules -
Yesterday at 7:29 am by Rocky
» “Services” asks the Central Bank about billions of foreign banks in Iraq
Yesterday at 7:27 am by Rocky
» Central Bank: Iraqi banks still face challenges in complying with international laws and standards
Yesterday at 7:24 am by Rocky
» Parliamentary bloc: The Central Bank offers hard currency to “mafias” on a golden platter.. The Suda
Yesterday at 7:20 am by Rocky
» The Iraqi Central Auction witnesses a rise in foreign remittances to $267 million
Yesterday at 7:19 am by Rocky
» Wednesday.. The session to elect the President of the Iraqi Parliament is heading towards “Al-Issawi
Yesterday at 7:14 am by Rocky
» The Union of Arab Banks proposes 4 “important” points for Iraqi banks to meet compliance standards
Yesterday at 7:12 am by Rocky
» In the document... the Central Bank decides to return the “Al-Mal” Bank to work... in this case
Yesterday at 7:08 am by Rocky
» The Iraqi-American agreements and cooperation were the most prominent topics of Al-Araji and Romanow
Yesterday at 7:06 am by Rocky
» Al-Hakim meets a joint delegation of resolve and sovereignty and renews the call to hold a session t
Yesterday at 7:05 am by Rocky
» Nearly one billion dinars were recovered and 3 million liters of fuel intended for smuggling in Iraq
Yesterday at 7:03 am by Rocky
» Al-Sudani and the European Union ambassador discuss issues of economic partnerships, civil aviation,
Yesterday at 6:59 am by Rocky
» More than 950 million dinars... petroleum products announced their recovery
Yesterday at 6:57 am by Rocky
» Forming a committee to follow up on stopping the sale of the dollar to travelers
Yesterday at 6:54 am by Rocky
» The Minister of Justice visits Al-Muthanna Governorate to discuss mechanisms for developing judicial
Yesterday at 6:52 am by Rocky
» Agriculture: Farmers who were affected by the recent rains will be compensated
Yesterday at 6:51 am by Rocky
» Al-Rasheed issues a warning regarding applying for advances and loans
Yesterday at 6:49 am by Rocky
» Al-Rafidain announces the implementation of the comprehensive banking system in its main branch
Yesterday at 5:24 am by Rocky
» Al-Rasheed warns of offices and pages claiming to promote the Salaf
Yesterday at 5:22 am by Rocky
» Adviser to the Prime Minister: There are no conflicts in the route of the Baghdad Metro
Yesterday at 5:19 am by Rocky
» Al-Sudani: We are keen to develop the work of the TBI Bank and address the problems it faces
Yesterday at 5:18 am by Rocky
» Agriculture explains the mechanism of implementing the calendar program and its economic gains
Yesterday at 5:17 am by Rocky
» “The shocks have changed.” The Governor of the Central Bank explains the impact of the openness of I
Yesterday at 5:16 am by Rocky
» The President of the Association of Private Banks sends an “important” invitation to the Central Ban
Yesterday at 5:15 am by Rocky
» Al-Alaq: The Iraqi banking sector has witnessed significant qualitative developments in response to
Yesterday at 5:12 am by Rocky
» On behalf of Al-Sudani, the Minister of Planning sponsors the signing ceremony of a memorandum of un
Yesterday at 5:11 am by Rocky
» The Iraqi Travel Companies Association participates in the Arab Travel Market Exhibition
Yesterday at 5:10 am by Rocky
» The start of the work of the Iraqi-Jordanian Economic Forum
Yesterday at 5:07 am by Rocky
» Integrity Commission at the Arab Anti-Corruption Convention Conference
Yesterday at 5:06 am by Rocky
» Election of the Speaker of Parliament between amendment and disruption
Yesterday at 5:05 am by Rocky
» Plans to increase the real estate bank's capital
Yesterday at 5:03 am by Rocky
» The Central Bank sells more than $276 million in the currency auction
Yesterday at 5:02 am by Rocky
» Advisor to the Prime Minister: We are heading towards a complete transformation of the electronic pa
Yesterday at 5:01 am by Rocky
» Savings and financial inclusion
Yesterday at 5:00 am by Rocky
» Agriculture expects to market 6 million tons of wheat
Yesterday at 4:58 am by Rocky
» Al-Sudani chairs the first meeting of the Supreme Committee for Restructuring the Government Apparat
Yesterday at 4:57 am by Rocky
» Al-Sudani receives an official invitation to participate in the United Nations Climate Change Confer
Yesterday at 4:55 am by Rocky
» "Baghdad Today" in the southern refineries: The Azmara unit will reduce imported gasoline and hard c
Yesterday at 4:54 am by Rocky
» Al-Sudani stresses the importance of supporting the pillars of food security
Yesterday at 4:51 am by Rocky
» Kurdistan is an important oasis for investment. Security and economic stability eliminates the housi
Yesterday at 4:50 am by Rocky
» Politician: Comparing Al-Halbousi to Al-Maliki is not up for discussion
Yesterday at 4:46 am by Rocky
» The Kurdistan Democratic Party demands international supervision of the region's elections
Yesterday at 4:45 am by Rocky
» Al-Sudani heads to Italy next week on an official visit
Yesterday at 4:44 am by Rocky
» Warnings of challenges delaying budget approval, most notably the deficit
Yesterday at 4:43 am by Rocky
» The Ministry of Oil sets the launch date for the fifth and sixth licensing rounds
Yesterday at 4:41 am by Rocky
» Rafidain Bank announces the implementation of the comprehensive banking system in its main branch
Yesterday at 4:40 am by Rocky
» Central Bank Governor: The banking sector is witnessing major qualitative developments
Yesterday at 4:39 am by Rocky
» Economic: Neighboring countries do not import from Iraq for fear of fraud
Sun 05 May 2024, 10:43 am by Rocky
» The Central Bank of Iraq sells more than $276 million in currency auction
Sun 05 May 2024, 9:16 am by Rocky
» Agreement on the presidency of Parliament: Did Al-Halbousi win?
Sun 05 May 2024, 7:09 am by Rocky
» Because of his corruption... Al-Karawi calls for Al-Halbousi to be held accountable
Sun 05 May 2024, 7:08 am by Rocky
» Al-Shammari: The American presence in Iraq has no legal cover
Sun 05 May 2024, 7:06 am by Rocky
» A story titled: Al-Fartusi, the Iraqi ports, and the 160 Committee
Sun 05 May 2024, 7:04 am by Rocky
» The Minister of Finance of the Kurdistan Region expects the date of Baghdad’s sending of salaries fo
Sun 05 May 2024, 7:03 am by Rocky
» What is the importance of conducting a pilot population census in Iraq?
Sun 05 May 2024, 7:01 am by Rocky
» The start of the meetings of the sixth session of the joint Iraqi-Iranian committee in Tehran
Sun 05 May 2024, 6:58 am by Rocky
» The budget schedules did not reach the Council of Ministers
Sun 05 May 2024, 6:54 am by Rocky
» The Minister of Planning directs the installation and operation of gold screening units at Iraqi air
Sun 05 May 2024, 6:52 am by Rocky
» Government advisor: Collections will shift almost completely to electronic payment in the middle of
Sun 05 May 2024, 6:51 am by Rocky
» A politician accuses the American embassy of attracting parties inside Iraq to confuse the situation
Sun 05 May 2024, 5:07 am by Rocky
» Deputy: The anti-prostitution law blocks the way for destructive ideas
Sun 05 May 2024, 5:06 am by Rocky
» State of Law: A political agreement to resolve the position of Speaker of Parliament...these are its
Sun 05 May 2024, 5:05 am by Rocky
» Kurdistan Parliament elections.. The insistence of the two parties intensifies and an international
Sun 05 May 2024, 5:04 am by Rocky
» Jordan considers Iraq one of its "most important" main partners in the investment field
Sun 05 May 2024, 5:02 am by Rocky
» Advisor to the Prime Minister: Iraq is a fertile environment for projects, and there is an expansion
Sun 05 May 2024, 5:01 am by Rocky
» Parliament is close to approving the renewable energy project law
Sun 05 May 2024, 5:00 am by Rocky
» The delay surrounds five Iraqi ministries.. What is the relationship with the budget?
Sun 05 May 2024, 4:58 am by Rocky
» Basra Council threatens: We will not accept unreliable companies to work in Qurna service projects
Sun 05 May 2024, 4:57 am by Rocky
» Iraq intends to convert collections to electronic payment in mid-2024
Sun 05 May 2024, 4:54 am by Rocky
» Parliamentary Committee: 5 ministries whose completion rates are “low”
Sun 05 May 2024, 4:53 am by Rocky
» Completion of the five-year national development plan 2024-2028
Sun 05 May 2024, 4:51 am by Rocky
» Investment opportunities in the ancient city of Ur
Sun 05 May 2024, 4:50 am by Rocky
» Today.. Baghdad hosts leading scientists and researchers in the field of artificial intelligence
Sun 05 May 2024, 4:49 am by Rocky
» Conditions and horrors
Sun 05 May 2024, 4:47 am by Rocky
» Democratic conditions threaten Kurdistan elections and embarrass the Commission
Sun 05 May 2024, 4:46 am by Rocky
» “Consensus” disrupts laws in parliamentary culture
Sun 05 May 2024, 4:44 am by Rocky
» Iraq celebrates “World Press Freedom Day”
Sun 05 May 2024, 4:43 am by Rocky
» Including Iraq... five countries possess more than 1,000 tons of gold
Sun 05 May 2024, 4:41 am by Rocky
» Davos is between two stations, is Iraq the third?
Sun 05 May 2024, 4:40 am by Rocky
» Specialists: The food basket was a buffer to mitigate the blow of high prices
Sun 05 May 2024, 4:39 am by Rocky
» Al-Rafidain Bank announces the implementation of the comprehensive banking system in its Hindi branc
Sun 05 May 2024, 4:34 am by Rocky
» Learn about the proposed law replacing punishment with financial sums
Sun 05 May 2024, 4:33 am by Rocky
» With the beginning of summer... poor services and a spiral of crises afflict the citizens of Kurdist
Sun 05 May 2024, 4:30 am by Rocky
» A new scandal involving one of the “ten promising companies in Basra”... the Iraqi Plain strikes con
Sun 05 May 2024, 4:29 am by Rocky
» With a package of files... Barzani to Tehran and Talabani to Washington next week
Sun 05 May 2024, 4:28 am by Rocky
» An expert reveals the size of the "gas gap" in Iraq: Achieving sufficiency within 3 years is very di
Sun 05 May 2024, 4:25 am by Rocky
» To reach an agreement on 10 memorandums...the start of the meetings of the sixth session of the Iraq
Sun 05 May 2024, 4:24 am by Rocky
» The dollar is declining slightly against the Iraqi dinar in local markets
Sun 05 May 2024, 4:22 am by Rocky
» Deputy: 4 factors hinder Iraqi development.. one of them is a 90% reduction - urgent
Sun 05 May 2024, 4:21 am by Rocky
» Revealing the reason for its delay.. Elekti sets the date for sending the salaries of Kurdistan Regi
Sun 05 May 2024, 4:19 am by Rocky
» The Iraqi development road project, ambitions and expected challenges
Sun 05 May 2024, 4:18 am by Rocky
» Laws were enacted but did not find their way into implementation
Sun 05 May 2024, 4:16 am by Rocky
» Iraq: Political withdrawals hamper the work of Parliament
Sun 05 May 2024, 4:14 am by Rocky
» The continued fluctuation of the dollar exchange rates worries traders and citizens
Sun 05 May 2024, 4:13 am by Rocky
» Vice: Nour Zuhair and his companions manage Iraqi ports
Sun 05 May 2024, 4:10 am by Rocky
» The President of the Kurdistan Region visits Tehran today and meets with senior Iranian officials
Sun 05 May 2024, 4:08 am by Rocky
» Al-Maliki confirms Iraq's openness to all countries of the world
Sun 05 May 2024, 4:07 am by Rocky
» The World Bank is preparing to issue a human capital report in Iraq
Sun 05 May 2024, 4:06 am by Rocky