Rivers announce the granting of 75 million dinars for those wishing to purchase apartments Basmajh

Rivers announce the granting of 75 million dinars for those wishing to purchase apartments Basmajh


Economy News / Baghdad ...



Rafidain Bank announced on Wednesday for the granting of financial loans of up to 75 million dinars for employees and citizens who want to buy apartments from Basmajh residential project in the capital, Baghdad.

Press office of the bank said in a statement received "Economy News" that the bank set new conditions for the granting of loans was reduced interest rate of up to 4% per year, calling on citizens and employees who wish to obtain the loan review its branches covered by grants, namely, (Mustansir - caliphs - Secretary - Security - Paradise - Az-Zahraa - pratha - White Palace - the Arab neighborhood - Amil district).

Select the bank controls and grants as follows:

1. The establishment of branches in charge of managers receipt schedules registered the names of the residential project Basmajh of information and communication technology department after paying the amount of the first installment amounting to 10% of the residential unit value and then be granted a loan (80%) of residential unit value if the area ( 100 m 2) and (75%) if the area (120%) and (70%) if the area (140 m2) that no more than 75 million dinars (seventy five million dinars).

2. That it is not a residential loan borrowers from our bank or Rasheed Bank or other banks by making the intersection by the information and communication technology.

3. The term of the loan (15 years).

4. The amount of the loan is repayable with interest over the (180) monthly premium on a straight line and starts deduction as of the month following the month of grants.

5. interest on the loan are met (4%) per annum.

6. undertake the Investment Authority after the housing unit registered name of the buyer not to Tzlmiha only after the borrower (buyer) of residential mortgage unit in favor of the bank's first-class and the completion of foreclosure proceedings and provide support Madaanh.

7. borne by the borrower administrative commissions by (1/2%) (half percent) of the total loan amount shall be collected from the date of signing the contract.

8. The insurance on the life of the borrower at one of the Iraqi insurance companies and licensed within the treatment inside the bank and the borrower's account.

9. Grants are available in the light from the ceiling of credit and liquidity.

The bank statement for the safeguards and procedures, which are as follows:

1. ensure that the borrower offers a bill of exchange, while demand in addition to ensuring the guarantor civilian employee of the state departments installed on a permanent or retired owners, provided that the cover ratio (50%) of the total net salary monthly installment and interest owed by the borrower the amount.

2. Provide contract for the purchase of housing unit certified by the Investment Commission to be mortgaged in favor of the bank's first-class as well as other archives of the student loan.

3. In the event that the employee pay (40%) of the value of the housing unit as a down payment in two installments is granted the loan without guarantor and guarantee his salary.

4. Submission sponsor department pledged to the bank.

5. When you have completed a transaction to grant a loan of housing unit, the branch adoption model instruments (Bills) drawn on the bank for the purpose of the organization is an instrument for the National Investment Commission / Committee for executing the project Basmajh Under pledged to give away the loan from the borrower on behalf of the Commission.

6. Do not the borrower may make any legal act on the mortgaged property without the consent of the bank during the loan period until the actual payment and the full amount of the loan and its benefits, otherwise considered Nakla Under the purchase site contract with the Authority are forfeited payments and premiums paid and relive the housing unit of it.

7. meets the stamp duty rate (0.002) (two thousand) and according to the law.

8. regulated by a special contract between the bank and the borrower (Human 43).

There are advantages for those who pay in advance the entire unit price, as a priority of receipt or payment of the introduction of more than (20%).


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Rivers announce the granting of 75 million dinars for those wishing to purchase apartments Basmajh identifies controls and repayment period

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March 22 .2017 - 7:57 | Number of Views: 3796


Sommer News: Baghdad
announced Rafidain Bank on Wednesday for the granting of financial loans of up to 75 million dinars for employees and citizens who want to buy apartments from Basmajh residential project in the capital , Baghdad.
Press office of the bank said in a statement, received "Sumer News", the Bank has set new conditions for the granting of loans was reduced interest rate of up to 4% per year, calling on citizens and employees who wish to obtain the loan review its branches covered by grants , namely , (Mustansir - caliphs - Secretary - Security - Paradise - Zahra neighborhood - pratha - White Palace - the Arab neighborhood - Amil district).
And select the bank controls grants as follows:
1. the branch in charge of managers receipt schedules registered the names of the residential project Basmajh of information and communication technology department after paying the amount of the first installment amounting to 10% of the residential unit value and then be granted a loan (80%) of the value dwelling unit if the area (100 m 2) and (75%) if the area (120%) and (70%) if the area (140 m2) that no more than 75 million dinars (seventy five million dinars).
2. That it is not a residential loan borrowers from our bank or Rasheed Bank or other banks by making the intersection by the information and communication technology.
3. The term of the loan (15 years).
4. The amount of the loan is repayable with interest over the (180) monthly premium on a straight line and starts deduction as of the month following the month of grants.
5. interest on the loan are met (4%) per annum.
6. undertake the Investment Authority after the housing unit registered name of the buyer not to Tzlmiha only after the borrower (buyer) of residential mortgage unit in favor of the bank 's first - class and the completion of foreclosure proceedings and provide support Madaanh.
7. borne by the borrower administrative commissions by (1/2%) (half percent) of the total loan amount shall be collected from the date of signing the contract.
8. The insurance on the life of the borrower at one of the Iraqi insurance companies and licensed within the treatment inside the bank and the borrower 's account.
9. Grants are available in the light from the ceiling of credit and liquidity.
The bank statement for the safeguards and procedures, which are as follows:
1. The borrower submits ensure the bill of exchange , while demand in addition to ensuring the guarantor civilian employee of the state departments installed on a permanent or retired owners , provided that the cover ratio (50%) of net salary total amount of the monthly installment and interest owed borrower.
2. Provide contract for the purchase of housing unit certified by the Investment Commission to be mortgaged in favor of the bank 's first - class as well as other archives of the student loan.
3. In the event that the employee pay (40%) of the value of the housing unit as a down payment in two installments is granted the loan without guarantor and guarantee his salary.
4. Submission sponsor department pledged to the bank.
5. When you have completed a transaction to grant a loan of housing unit , the branch adoption model instruments (Bills) drawn on the bank for the purpose of the organization is an instrument for the National Investment Commission / Committee for executing the project Basmajh Under pledged to give away the loan from the borrower on behalf of the Commission.
6. Do not the borrower may make any legal act on the mortgaged property without the consent of the bank during the loan period until the actual payment and the full amount of the loan and its benefits, otherwise considered Nakla Under the purchase site contract with the Authority are forfeited payments and premiums paid and relive the housing unit of it.
7. meets the stamp duty rate (0.002) (two thousand) and according to the law.
8. regulated by a special contract between the bank and the borrower (Human 43).
There are advantages for those who pay in advance the entire unit price, as a priority of receipt or payment of the introduction of more than (20%).

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Rafidain grants financial loans to those wishing to buy apartments from Basmaya and defines the controls and procedures

economy From 2017-03-22 at 09:30 (Baghdad time)

Baghdad Mawazine News
Al-Rafidain Bank announced on Wednesday that it will grant loans of up to 75 million dinars to employees and citizens wishing to buy apartments from the Basmaya residential project in Baghdad.
"The bank has set new conditions for granting loans and the interest rate has been reduced to 4 percent annually," the bank's information office said in a statement received by Mawazine News.
The bank called on the citizens and employees wishing to obtain the loan to "review the branches covered by the grant, which are (Al-Mustansir, Al-Khulafa, Al-Ameen, Al-Aman, Al-Fardoush, Al-Zahra neighborhood, Buratha, Al-Qasr Al-Abyad, Al-Arab neighborhood, Al-Amel neighborhood)."
The Bank has set the grant controls as follows:
1- The directors of the branches responsible for receiving the registration schedules of the names of the registrants on the Basmaya residential project from the ICT department after the payment of the first payment amount of 10% of the value of the residential unit and then a loan of 80% of the value of the residential unit, 100%) and (75%) if the area is (120%) and (70%) if the area of ​​(140 m 2) not to exceed (75) million dinars (seventy five million dinars).
2. That the borrowers do not have a housing loan from our bank or Rasheed bank or other banks by making the intersection by the information and communication technology.
3 - Loan period (15) years.
4. The loan amount shall be paid with the interest over a period of (180) installments per month on a straight line basis and the deduction shall commence from the month following the grant month.
5 - Interest on the loan is collected at the rate of (4%) annually.
6- The Investment Authority shall undertake after registering the housing unit in the name of the buyer not to receive it until after the borrower (the buyer) has proved the housing unit in favor of the bank of the first degree and to complete the mortgage procedures and provide the bond.
7. The Borrower shall bear administrative commissions of (1/2%) (half a percent) of the total loan amount and shall be paid from the date of signing the contract.
8. The life of the borrower shall be insured by one of the licensed Iraqi insurance companies and within the transaction within the bank and at the expense of the borrower.
9 - Grants are given in the light of available credit ceiling and cash.
The Bank disclosed the guarantees and procedures, as follows:
1. The Borrower shall provide a guarantee for a bill of lading when the request is made, in addition to the guarantee of a civil servant from the government departments who is fixed on permanent or retired employees provided that 50% of his total net salary covers the amount of the monthly installment and the interest incurred by the borrower.
2 - Submit the contract of purchase of the housing unit certified by the Investment Authority to be mortgaged for the benefit of the bank of the first degree in addition to other holdings of the student loan.
3. If the employee pays 40% of the value of the housing unit as a down payment in two installments, the loan shall be granted without a guarantor and with the guarantee of his salary.
4. The sponsor's department shall make a pledge to the bank.
5 - Upon completion of the treatment of the loan of the residential unit, the branch adopt the form of Sukkaj drawn on the bank for the purpose of organizing an instrument for the order of the National Investment Commission / Executing Committee of Basmaya project and under an undertaking to waive the loan from the borrower in favor of the Commission.
6. The borrower may not perform any legal action on the mortgaged property except with the approval of the bank throughout the term of the loan until the actual payment and the full amount of the loan and its benefits and otherwise is considered Nakla. Under the purchase contract signed with the Commission,
7. A stamp fee of 0.002 (two per thousand) shall be collected by law.
8. A special contract shall be regulated between the bank and the borrower (Rights 43).
There are advantages to those who pay in advance the full price of the unit, as it has priority to receive or pay an advance more than (20%)


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