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Rafidain issues new instructions on the housing loan
Rafidain issues new instructions on the housing loan
Rafidain Bank announced instructions for a loan of 75 million dinars for employees and citizens to buy residential units in investment projects.
The Bank's Information Office said in a statement that "based on the bank's policy aimed at supporting employees and citizens and for the purpose of contributing to alleviate the housing crisis and encourage the marketing of housing units in investment projects, it was decided to grant loans by geographical area for the purpose of buying residential units in newly implemented investment projects in all governorates Iraq to be the percentage of completion of the unit qualifies it to provide its pledge to pledge to guarantee the loan and the name of the borrower exclusively. "
The statement pointed out that "a citizen who wants to buy a housing unit of residential complexes, which has been completed and rehabilitated by several companies in Baghdad and the provinces to provide the bank housing housing document until it is granted a loan 75000000 seventy-five million dinars."
According to the statement, "the maximum amount of the loan amount is 75000000 seventy five million dinars, provided that the price of the residential unit specified in the contract between the buyer and the investor is not exceeded, and the payment within 180 months, ie 15 years, starting from the month following the grant month."
He pointed out that "he is an Iraqi national and completed 18 years with the provision of documents (identity of civil status - certificate of nationality - residence card) or national card."
The statement pointed out that "the guarantee of the loan will be provided by a civil servant to the permanent owners of the government departments and to provide the housing unit with a modern bond
The statement pointed out that "the guarantee of the loan will be provided by a civil servant to the permanent owners of the government departments and to provide the housing unit with a modern bond
Issuance on behalf of the student loan value of not less than the loan amount + 20% is mortgaged in favor of the bank of the first class.
And "the deduction of the installments arising from the loan through electronic payment tools if possible and then be dispensed with the sponsor in the case of the borrower a state employee."
And "the deduction of the installments arising from the loan through electronic payment tools if possible and then be dispensed with the sponsor in the case of the borrower a state employee."
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