Al-Rafidain announces the granting of 50 million loans to citizens for construction
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Economy News - Baghdad
Al-Rafidain Bank announced, on Thursday, that it will grant loans worth 50 million dinars to citizens for the purpose of building on a residential plot of land in its name.
The media office of the bank said in a statement, received by "Al-Eqtisad News", that "it has been decided to grant 50 million dinars to the citizen to build on a residential plot of land in his name, in terms of independence or with a common name."
The statement added that "this comes under a newly issued bond provided with the approval of the competent real estate registration department and the validity of the issuance of the bond to be mortgaged in favor of the bank."
In its statement, the bank stipulated "submitting a map and building permit in the name of the borrower who wishes to build on the plot of land."