[You must be registered and logged in to see this image.]
The Real Estate Bank announced, today, 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 a press statement, 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 them, the bank has a long history in them.”
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 property's area is not less than 100 meters."
And he stated, "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 for applying for the loan, after which the applicant's code 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 an earner (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 loans of the bank, 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) “.
Regarding 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.”
[You must be registered and logged in to see this link.]