Rivers: grants for citizens and employees for the purchase of apartments from the complex Basmajh

Rivers: grants for citizens and employees for the purchase of apartments from the complex Basmajh




Rafidain Bank, announced on Wednesday, the granting of financial loans of up to 75 million dinars for employees and citizens, to buy apartments from the project Basmajh housing, said the media office of the bank in a statement obtained (range) , a copy of it, that the bank set new conditions for the granting of loans, was reduced interest rate of up to 4% per year, while calling on citizens and employees who wish to obtain a loan, for a review of its branches covered by grants , namely , (Mustansir - caliphs - Secretary - security - Paradise - Zahra neighborhood - pratha - White Palace - the Arab neighborhood - Amil district ).
In the statement revealed controls those grants which according to the points listed below.
1. The establishment of branches in charge of managers receipt schedules registered the names of the project Basmajh housing, 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 the dwelling 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 (seventy five million dinars).
2. That it is not a residential loan borrowers of our bank or other banks or Rasheed Bank, 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 installments on a straight line, starts deduction starting from 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 recording, on behalf of the buyer not delivered, 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 by (1/2%) (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 Iraqi insurance companies licensed, and part of the transaction within the bank and the borrower 's account.
9. Grants are available in the light from the ceiling of credit and liquidity.
The statement also pointed out the safeguards and procedures for these grants in accordance with the following points.
1. The borrower provides assurance while demand promissory note, in addition to ensuring the guarantor civil servant, from government 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 Authority, 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, for the duration of the loan until actual payment, and for the whole of the loan and interest amount, otherwise the considered Nakla Under the purchase contract signed with a body 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%).


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