The Housing Fund announces the allocation of one trillion dinars additional loans to citizens
09:24 - 30/10/2019
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announced Housing Fund, on Wednesday, for the allocation of a trillion extra dinars for the current year loans to citizens within the government reforms in the field of housing package, as disclosed grant of 32 billion dinars in loans in three months, he said he is currently heading for lending to residential investment complexes.
The Director General of the Fund of the Ministry of Construction, Housing and Public Municipalities Sabbar Al-Saadi in an interview with the official newspaper "Sabah" and informed him / information /, "The bank has taken several measures to accelerate the completion of transactions of citizens wishing to obtain loans by reducing administrative and routine procedures, what The fund has been able to complete the transaction in no more than a week. ”
He attributed the delay in the treatment, to the "routine work of other departments that take a long time in issuing the health of the breasts," noting that his ministry "circulated a letter from the Secretariat of the Council of Ministers, obliges the relevant institutions to expedite the issuance of the health books and sponsors as soon as possible and not More than a week. ”
Al-Saadi said that "an additional one trillion dinars has been allocated to the fund as part of the reform package launched by the Council of Ministers, expressing his hope to expedite his investment to be invested under the amendments proposed by the Fund, namely the amendment of the law of public money to reduce the area to less than 100 meters, and speed up the conversion of agricultural land to Residential and raise the conflict between laws, as well as reduce the interest or administrative fees on the loan to one percent, with the increase of installments from 15 to 20 years. Done / 25