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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    State-owned banks raised interest on project loans Basmajh 6%

    Rocky
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    • Post n°1

    State-owned banks raised interest on project loans Basmajh 6% Empty State-owned banks raised interest on project loans Basmajh 6%

    Post by Rocky Tue 07 Feb 2017, 1:19 am

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    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."
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    • Post n°2

    State-owned banks raised interest on project loans Basmajh 6% Empty Rafidain Bank announces loans instructions for the purchase of apartments Basmajh

    Post by Rocky Tue 07 Feb 2017, 2:21 am

    [size=30]Rafidain Bank announces loans instructions for the purchase of apartments Basmajh[/size]
    07/02/2017 10:20 | Number of Views: 388
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    Direction Press / Baghdad
    Rafidain Bank announced the publication instructions to grant loans to citizens registered in Basmajh residential project, whether they are employees or non-employees.
    Press office of the bank called in a statement received "direction Press", a copy of "citizens to visit their branches covered by the grant or loan to find out that granting such loans instruction."
    He pointed out that "the branches covered by the granting of loans to citizens, are: (Mustansir - caliphs - Secretary - safety - Paradise - Zahra neighborhood - pratha - White Palace - the Arab neighborhood - Amil district)."
    Among follows grants controls:
    1. The establishment of branches in charge of managers to receive schedules registered the names of the residential project Basmajh of Information and Communication Technology Department after the payment of the amount of first batch of 10% of the residential unit value and then be granted a loan of 80% of the residential unit value that was an area of ​​100 square meters, and 75% that was an area of ​​120 m 2, and 70% that was an area of ​​140 m2 that no more than 75 million dinars. "
    2. make it clear that borrowers of loans from our bank or residential Rasheed Bank or other banks and by conducting the intersection by the ICT department.
    3. 15-year loan term.
    4. The amount of the loan is repayable with interest over 180 premium per month on a straight line and starts deduction as of the month following the month of grants.
    5. satisfy the interest on the loan at 6% per annum.
    6. undertake the Investment Authority after the housing unit registered name of the buyer, but not delivered after the borrower's mortgage buyer housing unit in favor of the bank's first rate and the completion of foreclosure proceedings and provide support Madaanh.
    7. borne by the borrower administrative commissions of 1% a half percent of the total loan amount and meet from the date of signing the contract.
    8 - The life insurance borrower with an Iraqi insurance companies and licensed within the treatment inside the bank and the borrower's account.
    9. Grants are available in the light of the grade credit rating and liquidity.
    Rafidain Bank announced the safeguards and procedures, namely:
    1-borrower offers to ensure a bill of exchange, while demand in addition to ensuring the guarantor civilian employee of the state departments installed on the permanent staffing or retired, provided that covers 50% of his salary total net 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. If the employee to 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. provide the sponsor department pledged to the bank according to the form attached hereto.
    5. Upon completing the treatment of granting housing loan 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 / implementing the project under Basmajh Committee 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 of 0.002 two per thousand, according to the law.
    8. regulated by a special contract between the bank and the borrower's rights 43.
    He pointed out that 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%
    He said the demand for loans is as follows:
    1. loan application form
    2. support and pledged to ensure
    3. pledged to sponsor a circle
     
    4. pledged borrower circle if he is an employee. [size=16]sa[/size]

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