Rafidain publishes the instructions for the granting of loans for the purchase of residential units
09:52 - 15/12/2018
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Information / Baghdad ..
Rafidain Bank published on Saturday instructions for a loan of 75 million 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 in order to contribute to alleviating the housing crisis and encouraging the marketing of residential units in investment projects, it is decided to grant loans according to the geographical area for the purpose of buying residential units In the newly implemented investment projects in all governorates of Iraq, provided that the completion rate of the unit qualifies it to provide its mortgage to guarantee the loan and the name of the borrower exclusively.
The statement added that "a citizen who wants to buy a housing unit of residential complexes that have been completed and rehabilitated by several companies in Baghdad and the provinces can provide the bank with the housing housing certificate until it is granted a loan 75000000 seventy five million dinars and according to the following conditions:
1- The maximum amount of the loan amount shall be 75000000 seventy-five million dinars provided that the price of the residential unit specified in the contract concluded between the buyer and the investor is not exceeded.
2_ Payment within 180 months (15) years starting from the month following the grant month.
3_ To be an Iraqi national and completed 18 years with the provision of documents (identity of civil status - certificate of nationality - housing card) or national card.
4_ Loan Guarantee Civil servant sponsor the permanent owners of the state departments and provide the housing unit's recent bond on behalf of the student loan worth not less than the loan amount + 20% is mortgaged in favor of the bank of the first degree.
5_ The deduction of the installments resulting from the loan through electronic payment tools shall be possible, and then the sponsor shall be dismissed in the case of the borrower as a state employee.Ending / 25