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


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    With interest and installment periods... Al-Rafidain lists the details of granting construction and

    Rocky
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    • Post n°1

    With interest and installment periods... Al-Rafidain lists the details of granting construction and Empty With interest and installment periods... Al-Rafidain lists the details of granting construction and

    Post by Rocky Sun 11 Feb 2024, 4:49 am

    With interest and installment periods... Al-Rafidain lists the details of granting construction and renovation loans and purchasing housing



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    2024-02-11 03:31
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    Shafaq News/ An informed source confirmed, on Sunday, that loans for construction and renovation and the purchase of a residence and a plot of land from Rafidain Bank have a maximum limit of 150 million dinars and a decreasing interest of up to 6 percent.
    The source told Shafaq News Agency that the loan ranges from 50-75 million for the purpose of purchasing a piece of land, ranging from (5) million, from 15-75 million for the purpose of construction, restoration, and rehabilitation, ranging from (5) million, and from 50-150 million for the purpose of purchasing a residential house, ranging from ( 5) Millions

    He pointed out that the interest rate will be (6%) in decreasing installments, and the loan period is (15) years, pointing out that the loan guarantee and the categories covered by the grants are as follows:
    A- Nationalized employees whose salaries are paid exclusively by Rafidain Bank. The guarantee shall be a MasterCard card and the submission of a real estate bond in favor of the bank as a first-class insurance mortgage (loan amount + 25%).
    B- Citizens: The guarantee shall be provided by a citizen guarantor whose salary is exclusively with Rafidain Bank, and the submission of a real estate bond mortgaged in favor of the bank as a first-class security mortgage (loan amount + 25%).
    C- Retirees whose ages are within the insurance age at the end of the loan period. The guarantee will be a MasterCard card and the presentation of a real estate bond mortgaged in favor of the bank as a first-class insurance mortgage (loan amount + 25 percent). As for those whose ages exceed the insurance age before the end of the loan period, it is required to present a local guarantor. His salary is exclusively with the bank, and he submits a real estate bond that is mortgaged in favor of the bank as a first-class security mortgage (loan amount + 25%).
    A decreasing interest of up to 6 percent and is divided into: from 50-75 million for the purpose of purchasing a plot of land, ranging from (5) million, from 15-75 million for the purpose of construction, restoration, and rehabilitation, ranging from (5) million, and from 50-150 million for the purpose of purchasing a residential house, ranging from By (5) millions.
    He pointed out that the interest rate will be (6%) in decreasing installments and the duration of the loan is (15) years, pointing out that the loan guarantee and the categories covered by the grants are as follows:
    A- Nationalized employees receive their salaries exclusively at Rafidain Bank. The guarantee shall be a MasterCard card and the presentation of a real estate bond mortgaged in favor of the bank as a first-class insurance mortgage (loan amount + 25%).
    B- Citizens: The guarantee shall be provided by a local guarantor whose salary is exclusively with Rafidain Bank and a real estate bond mortgaged in favor of the bank as a first-class security mortgage (loan amount + 25%).
    C- Retirees whose ages are within the insurance age at the end of the loan period. The guarantee will be a MasterCard card and the presentation of a real estate bond mortgaged in favor of the bank as a first-class insurance mortgage (loan amount + 25 percent). As for those whose ages exceed the insurance age before the end of the loan period, it is required to provide a guarantor. He settles his salary exclusively with the bank and submits a real estate bond that is mortgaged in favor of the bank as a first-class security mortgage (loan amount + 25%).
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