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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Al-Rafidain Bank announces details of real estate loan amounts

    Rocky
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    • Post n°1

    Al-Rafidain Bank announces details of real estate loan amounts Empty Al-Rafidain Bank announces details of real estate loan amounts

    Post by Rocky Wed 02 Aug 2023, 4:16 am

    Al-Rafidain Bank announces details of real estate loan amounts

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    Economy News - Baghdad
    Al-Rafidain Bank announced, on Wednesday, the details of the amounts of real estate loans, while referring to the conditions for submission and interest rates. 
    A bank statement, received by "Al-Iqtisad News", stated that "the amounts of real estate loans for the purposes of restoration and rehabilitation, building residential homes, or buying a plot of land will be according to the details below... 1- The maximum loan amount is (150) million dinars and for the purposes below
    .
    A- From (50) million dinars to (75) million dinars for the purpose of purchasing a plot of land, incrementally at the rate of (5) million dinars B- 
    From (15) million dinars to (75) million dinars for the purpose of building, restoration and rehabilitation, incrementally at (5) million dinars. 
    C- From (50) million dinars up to (150) million dinars for the purpose of purchasing a residential house, graded at (5) million dinars 2- The 
    interest rate is (6%) on a declining installment 
    3- The loan period is (15) years 
    4- The loan guarantee is only The categories covered by the grants are as follows:
    A- Employees whose salaries are exclusively with Al-Rafidain Bank. The guarantee is the Master Card and the submission of a real estate deed to be mortgaged in favor of the bank as a security mortgage of the first degree (loan amount +25%).
    B- For citizens, the guarantee is the provision of a guarantor whose salary is exclusively with the Rafidain Bank and the submission of a real estate deed to be mortgaged in favor of the bank as a security mortgage of the first degree (loan amount +25%).
    C- Retirees whose age is within the insurance age at the end of the loan term. 
    The guarantee is a Master Card and a real estate deed to be mortgaged in favor of the bank as a security mortgage of the first degree (the amount of the loan + 25 percent). As for those whose age exceeds the insurance age before the end of the loan period, a domicile guarantor is required. His salary is exclusively with the bank and a real estate deed to be mortgaged in favor of the bank as a security mortgage of the first degree (loan amount +25%).


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