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Land Bank: start receiving requests of citizens for housing loans interest rate of 4%

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rocky
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Land Bank: start receiving requests of citizens for housing loans interest rate of 4%

Post by rocky on Sun 22 May 2016, 4:41 am

[size=30]Land Bank: start receiving requests of citizens for housing loans interest rate of 4%[/size]
21/05/2016 06:38 | Number of Views: 1461
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Direction Press / follow-up 
Director General of Real Estate Bank in Iraq Khudair Abbas revealed that the branches of the bank in Baghdad and the provinces began to receive requests wishing to obtain housing loans, after the government has allocated 834 billion Iraqi dinars for that purpose.
He said Khudair in a press statement that the loan amount to no more than 50 million and not less than five million dinars, and interest at a rate of 4% annually on that payment will be made over 10 years, pointing out that such loans are granted for construction purposes and add construction and grants as well as for those wishing to purchase housing units.
He added that the introduction of the terms of the age of the applicant at least 22 years and not more than 55 years, and will later extend the applicant's age to 65 years, "adding that" the process will take place without a sponsor where it will support the drug is the sponsor. "
Khudair also called "beneficiaries of this loan to speed up the payment of monthly installments recycle amounts and the possibility of inclusion of other beneficiaries as well as to avoid The delay benefits up to 12% in the case of late payment of premiums."


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    Current date/time is Fri 09 Dec 2016, 5:28 am