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The Iraqi government is taking new decisions including internal and defense to facilitate lending to housing
2019/07/09 23:34:23
The Housing Fund in the Ministry of Construction, Housing and Public Municipalities has made a number of decisions to facilitate the lending of citizens in various segments, most notably the creation of a formula to accept the guarantees of employees of the Ministry of Interior and Defense.
The semi-official Al-Sabah newspaper quoted an official source as saying that the fund, among its plans to facilitate citizens' access to housing loans, has taken a number of decisions, including that if the borrower's retirement is referred to the retirement, The borrower shall default on payment and after taking a written undertaking to keep the guarantee on his pension, in addition to providing the pension number after obtaining it.
The source added that the new instructions also include granting the borrower the right to apply for a housing loan for two different mortgages in the case of eligible children to marry the borrower or the presence of a second wife or in case of cancellation of the first transaction, stressing that the borrower can not benefit from the housing loan twice for the property Himself.
On the other hand, the Rafidain Bank decided to grant loans to citizens and employees to buy housing units in investment projects and for the purpose of contributing and alleviating the housing crisis and according to the instructions included, grant a loan of 100 salaries, a minimum of 50 million dinars, and a maximum of 100 million dinars.
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