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Up to 150 million dinars.. Al-Rafidain launches construction loans for employees
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Baghdad today - Baghdad
Al-Rafidain Bank announced, today, Thursday, the launch of real estate loans for construction, restoration, and the purchase of residential homes for citizens, employees, and retirees, at an amount of up to 150 million dinars, and with “interest that decreases with payment.”
And the bank stated, in a statement received by (Baghdad Today), that "employees and citizens can apply for construction loans and purchase housing units with sums of money up to 150 million dinars, and those who wish to obtain the loan must fill out the form electronically according to the conditions."
And that "the maximum limit for the loan is 150 million dinars, and those who wish to buy residential land from employees and citizens can grant a loan between 50 and 75 million dinars."
He pointed out, "Granting loans ranging from 15 to 50 million dinars to those wishing to build, restore or rehabilitate, and granting loans to those wishing to buy housing units at a value of 50 million dinars and up to 150 million dinars as a maximum."
"The interest rate on the loan will be 6% in a decreasing installment, and the loan repayment period will be 15 years, provided that the loan applicant is of Iraqi nationality and is not less than 18 years old," he continued.
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