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The Real Estate determines the transactions covered by the housing loan and the procedures for elimi
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- Posts : 202022
Join date : 2012-12-21
- Post n°1
The Real Estate determines the transactions covered by the housing loan and the procedures for eliminating the commentators
The Real Estate Bank announced, on Wednesday, that the amount allocated for housing loans will include 50,000 transactions, and while he indicated that the loans are covered by the life insurance law, he revealed procedures that helped eliminate the commentators.
The director of the Real Estate Bank, Abdul Mohsen Alwan, said in an interview with the Iraqi News Agency and followed by "Economy News", that "the door to apply for loans has been open since the Prime Minister launched the new initiative," noting that "the application is still continuing until now."
He added, "The real estate bank signed a contract with the Central Bank in the amount of one trillion dinars regarding housing loans, as this amount will cover about 50 thousand lending transactions," noting that "the real estate bank is currently working on loans for the Central Bank of Iraq's initiative (purchase loans) for housing units." From investment housing complexes or outside residential complexes, as for building loans and building additions, the housing fund works, and in the event that we are required to work in it, the bank has a long history in it.”
He continued, "The Central Bank's initiative includes loans to purchase a housing unit within residential investment complexes and a loan to purchase a housing unit outside residential complexes," explaining that "the bank provides loans to purchase a housing unit directly without building, provided that the area of the property is not less than 100 meters."
And he indicated, "There is no difficulty in applying for loans, as there is an electronic link that guides the applicant to the electronic form or by writing on the website of the Iraqi Real Estate Bank, which includes the electronic form and contains the information required in order to apply for the loan, and then the code for the applicant will be given. After the success of the information that was filled out in the form,” noting that “after a short period, a notification comes to the applicant to review the bank to complete the remaining information. As for the guarantor, it is a prerequisite for accepting the transaction if the borrower is a gainer (not an employee) in addition to the property reservation, from In order to preserve public money and not waste it."
He continued, "This context is not new, as it is used in previous loans and is used by all banks and departments that work with housing loans," noting that "the bank loans, especially the loans of the Central Bank initiative, are covered by the life insurance law (if the borrower is exposed to a natural death, the loan amount is amortized) ".
And on the elimination of the commentators phenomenon and the scourge of corruption, Alwan stated that "the electronic form developed by the real estate bank greatly helped to eliminate the commenters and prevented friction between the employee and the citizen," explaining that "the review is by the owner of the transaction exclusively."