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Rafidain Bank launches loans for purchasing housing units (document)
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Baghdad Today - Baghdad
Rafidain Bank launched loans for purchasing housing units in residential investment projects.
According to a letter from the bank, received by Baghdad Today, the loan amount starts from “100 million dinars to 300 million dinars, and the loan period is 10 years, 15 years, and 20 years.”
Al-Rafidain set the interest rate for these loans at 6% annually, calculated using the contrasting installment method, or 3% using the straight-line method.
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