Rafidain Bank sets its branches to get the advance of 10 salaries

Rafidain Bank sets its branches to get the advance of 10 salaries

Baghdad - Iraq Press - March 22: Rafidain Bank distributed the ministries on its branches to get the salary of 10 salaries, noting that the ministries will be divided by delegates on their branches.
The following are the branches of Rafidain Bank distributed to the ministries for the purpose of obtaining an advance 10 salaries:
1 - Ministry of Defense: (the allocation of the branch of the Ministry of Defense for the staff of the headquarters of the ministry - the allocation of branches and the role of the role of officers and cities and national and Htifa bin Al - Yaman and Rustmip for the staff headquarters located in the Rusafa side of Baghdad - the allocation of branches of the letter and Haifa for employees of headquarters located on the side of Karkh in Baghdad).

2 - Ministry of Oil: (allocation of the branch of the oil complex to the headquarters of the Ministry of Oil and the departments associated with the Ministry and the branch refineries for employees of other departments under the Ministry of Oil).

3- The Ministry of Education: - Allocation of branches of Palestine and Jerusalem Street to the Ministry's headquarters. - Allocation of branches of Al-Waziriya and Al-Adhamiya for Education (Rasafa First) Knowledge of the members of education (Karkh II) - the allocation of Kadhimiya branch of the employees (Karkh III) - the allocation of the branch of Zahraa for educators (third Karkh).

4- Ministry of Water Resources: (allocation of Bab Al-Sharqi branch for employees of the Ministry of Water Resources).

5- The Ministry of Communications: (Al-Alwia Branch assigned to the employees of the Ministry of Communications and related departments - Al-Ahrar branch allocated to the rest of the departments associated with the Ministry of Communications).

6 - Ministry of Municipalities: (allocation of sub-seven palaces and municipalities for employees of the Ministry of Municipalities).

7- The Ministry of Agriculture: (Allocation of Al-Firdous Square and Al-Nasr Square for employees of the Ministry of Agriculture).

8. Ministry of Labor and Social Affairs: (Allocation of the Labor and Social Affairs Branch to the Ministry's employees).

9 - Ministry of Construction and Housing: (allocation of the branch of the Ministry of Construction and Housing and the railway branch of the ministry employees).

10- The Ministry of Human Rights: (allocation of Alnasr Al-Nasr and Al-Amel quarters for employees of the Ministry of Human Rights).

11 - Ministry of Industry and Minerals: (allocation of branches of the Ministry of Industry and Minerals and the White Palace and Al-Rafie Street and the Wahat Al Wahda for Ministry employees).

12- The Ministry of Environment: (allocation of sub-branches and Karada Maryam employees of the ministry).

13 - Departments not affiliated with the Ministry: (allocation of branches Mansour, Kifah, Mustansir, Andalus and Sheikh Omar for employees of all departments not associated with the Ministry).

14 - Secretariat of the Council of Ministers and the Council of Representatives: (allocation of sub-Secretariat of the Council of Ministers and the Arab neighborhood of the members of the Council of Representatives and the Council of Ministers).

15 - Municipality of Baghdad: (the allocation of safety and succession to employees of the Secretariat of Baghdad).

16 - Sunni Endowment: (the allocation of the branch of the Sunni Endowment for the credit of employees of the Sunni Endowment).

17 - Governorates (Diyala - Salah al-Din - Anbar): (Delegates distribute ministries to the branches of those provinces).

18- Branches associated with representatives of the regions (North - South - Central). Finished

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Iraq issued new regulations to advance ten salaries


3/22/2017 0:00

BAGHDAD / morning
Rafidain Bank, announced Tuesday, new controls for the granting of ten advance salaries for the staff of government departments, adding that he will give priority to the beneficiaries of electronic payment cards.
The bank said in a press statement: "it was new controls to activate the process of granting ten advance salaries for state employees and departments to give priority to the beneficiaries of electronic payment cards situation."
He hinted the statement, that the new regulations require student advance to get them to be has a service not less than one year "was his confirmation , " and that the amount of the advance payment of (10) the salaries of par plus fixed allowances (marital certificate) but not more than (10 ) million dinars of the total salaries of only ten, indicating that the period of advance (5 years) paid in equal monthly installments. The statement said, that among the new conditions set by the bank, determine the interest rate b (9 percent) per annum is calculated on a straight declining and pay fixed installments with the installments of the advance after a month of the date of grant, as well as administrative commission met (2 percent) of the amount of the advance granted, on condition at the same time not to exceed the monthly deductions to advance with other obligations owed by the borrower (50 percent) of his salary Alkla.ohddt instruction, the need to submit borrower guarantor guarantor (civilian staff from the state departments staff) who are not carrying their service for one year at least does not accept guarantees on the opposite not exceed total deductions (50 percent) of the total salary of the sponsor, as well as emphasis on insurance when a government insurance companies through the conclusion of a contract with the company by the General administration (financial section).
The statement said, that among the new terms, that is a Agaydah settlement or cash in case of an earlier advance, before the advance exchange and distract amount Almtbaka.ofatt statement, that the most important required documents for the purpose of obtaining the advance, are the identities tariff (identity card - Iraqi citizenship certificate - housing card - or the national card) and a letter from the ministry or the borrower Department supports the non - receipt of an advance from the Rafidain Bank, or from other banks and continuation of the service and support of his monthly salary, and that his department is committed to the fulfillment of monthly salary premiums and transferred to the bank within a period not exceeding (10 days from the date of disbursement salary) stressing that in case of delay Tojerih bear interest rate (2 percent) , the number of days of delay from the due date until the date of payment in addition to legal interest (contractual).

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Iraq: a new facility for loans to buy apartments Basmajh and cut interest rates to 4%



22/03/2017 09:38 | Number of Views: 53 font size: Decrease font Enlarge font



Direction Press / Baghdad

Rafidain Bank announced a new financial facility to grant loans of up to 75 million dinars for employees and citizens to buy apartments from the residential project Basmajh.

Press office of the bank said in a statement to Hhsalt "Altatjah Press" a copy of it, that "the Bank has set new conditions for the granting of loans was reduced interest rate of up to 4% per annum," calling for citizens and employees who wish to obtain a loan to "review its branches covered by grants, namely, (Mustansir - caliphs - Secretary - security - Paradise - Zahra neighborhood - pratha - White Palace - the Arab neighborhood - Amil district). "

And between the bank controls grants, namely:

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 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. "

2. not be of borrowers taking a loan from the Rafidain Bank residential or-Rashid 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 increased by 0.5% (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.


Safeguards and procedures:

11. borrower offers to ensure 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%).

The cabinet had formed in 177 of January last committee headed by the Minister of Construction and membership of a number of entities shall provide options for marketing the new City Apartments Basmajh residential and administration services across posed as an investment project to ensure the safety of contracting procedures and ensure the rights of citizens with the use of international expertise in this area. "

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