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A government bank launches loans of 25 million dinars, and it will be repaid within 6 years
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Baghdad today - Baghdad
Today, Monday (July 24, 2023), Al-Rafidain Bank announced the launch of small business loans, with a value of up to 25 million dinars, at an interest rate of 6%.
The media office of the bank said, in a statement received by "Baghdad Today", that "the loan amount is 25 million dinars, the interest rate is 6 percent in a decreasing installment, and the loan repayment period is 6 years, including a 3-month grace period."
He added, "The loan guarantee is guaranteed by a guarantor of a civil or military employee from among the citizens, whose salaries are with the bank, or by a guarantee of a real estate mortgage in favor of the bank of the first degree, provided that its estimated value covers the amount of the loan in addition to 25 percent of the loan value."
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