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Adjustments for student loans and raising their value to 10 million dinars

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Adjustments for student loans and raising their value to 10 million dinars Empty Adjustments for student loans and raising their value to 10 million dinars

Post by rocky on Mon 27 Jan 2020, 2:40 am


[size=35][size=35]Adjustments for student loans and raising their value to 10 million dinars

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Economie

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2020-01-27 | 04:13
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[size=18]Al-Nahrain Islamic State Bank announced, on Monday, the issuance of amendments to the rules of financing education loans, while raising the value of the loan to 10 million dinars.


The bank said in a statement, Alsumaria News received a copy of it that "the regulations for financing the Murabaha education include the maximum financing limit of 10 million dinars, after the upper limit was 3 million dinars, with a percentage of (interest) 15% instead of 25%, and the financing period is 10 months." Noting that "the first installment is due 30 days after the educational agency receives the amount."






 
The bank added that "the applicant for funding must present the evidentiary documents with the identity of his educational authority, as well as provide support from the educational authority for the student's continued attendance."
 
The Thai bank indicated that "the employees whose salaries are paid to the bank’s branches are buying a study seat for the citizen employee or one of his family members starting from the elementary school level until the doctoral studies amounting to 10 million dinars, with a profit rate of 10%."
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And the bank continued, "The applicant of financing must present a guarantor guarantor from the employees of the state departments whose net monthly salary is equal to twice the installment, but if the applicant is an employee and continues to serve, he is not required to provide a guarantor and the grants are under his salary guarantee," noting that "it is possible to renew the grants for those who wish after paying the installments Payments made by him for the previous academic year and with the same treatment as previous grants only submit an application (renewal of grants) without meeting the fees incurred according to the schedule of banking operations wages.
 
Al-Nahrain Islamic Bank began to grant advances to employees and citizens during the past period, according to specific mechanisms and controls.


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