[size=36]Rafidain publishes instructions for granting loans to students, professors and researchers in postgraduate studies[/size]
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Al-Rafidain Bank on Wednesday announced instructions to grant students, professors and researchers in post-graduate studies in Iraqi government universities and civil universities affiliated to the Ministry of Higher Education and Scientific Research a soft loan to cover the cost of research according to special instructions.
- The amount of the loan (5) million dinars (five million dinars)
- The loan period shall be two years
- the monthly installments shall be paid with the interest determined after one month from the date of the grants
. The sponsor of civil servants shall not exceed 50% of his total salary. The
applicant does not have any guarantees with others. - Submit the documents certified by the student of the loan to prove that he holds postgraduate studies in the universities and is validated by the bank and as shown:
A letter of support from the relevant party confirming that the applicant is in the stage of preparation of the research and that it is continuous on the official term and with the signature of the Dean or his representative.
B- A letter of support issued by the sponsor's department in which he confirms that the permanent owner, as well as the amount of the salary and the service.
C- The validity of the issuance of the provisions of paragraphs (a-b) above shall be endorsed by the official authorities issued by them
. The identity documents of the borrower and the sponsor (civil status ID, nationality certificate or the unified card in addition to the housing card)
. Accreditation of the university to which the student belongs and close to the branches of Rafidain Bank as a criterion in determining the geographical area when granting the loan and the payment of installments due after grants.