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Iraq: to extend repayment of loans granted to the staff of government departments to 15 years

Rocky

Rocky: Admin Assist; Posts : 269106
Join date : 2012-12-21

Post n°1

Iraq: to extend repayment of loans granted to the staff of government departments to 15 years

by Rocky Mon Jun 12, 2017 4:20 am

Iraq: to extend repayment of loans granted to the staff of government departments to 15 years

11/06/2017

Rafidain Bank announced the extension of the duration of staff loans granted to them by the bank to 15 years instead of 10 years.

The Information Office of the Bank said in a statement obtained "direction Press" on a copy of the "bank and the large number of applications received to him by the state departments staff on the extension of loans granted to them due to the reduction of their salaries has decided to extend the repayment period to be 15 years instead of 10 years." Stressing that "the interest rate for such loans amounted to 8%."

It is said that Rafidain Bank granted a loan to build a value of 50 million dinars and the repayment period of 5 years, as the granting of a loan for small projects worth 15 million dinars and the repayment period of 5 years.

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