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Clarifying the mechanism of disbursing the 50 million loan for the purpose of construction
24/12/2017 12:00 AM [rtl]Baghdad / conscious The member of the Finance Committee parliamentary Magda Tamimi mechanism of disbursement of the construction loan provided by Rafidain Bank. She said that the maximum limit of the loan is 50 million dinars for the purpose of construction for every citizen owns a residential plot of not less than (50 square meters) in his name on the face of independence or by the common name under a modern bond issued and supported by the Department of Real Estate Registration competent, Support the validity of the issuance of the bond to be mortgaged first class in favor of the bank. The loan will be repaid over a period of 120 months and a grace period of 3 months. Interest will also be paid at 9 percent per annum. The loan will be disbursed in three installments. The first is JD 25 million when the bond is completed. The second installment is 15 million when the roof is completed. (10) million at turnkey. Tamimi pointed out that the life insurance of the borrower will be carried out by the National Insurance Company for the benefit of the bank and will be proved in the loan contract, noting that the borrower has to use the loan for the purpose given to him [/rtl] [rtl][You must be registered and logged in to see this link.][/rtl] |
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