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Al-Rasheed: 200 million dinars loan to purchase housing units
First 2024/08/01
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Rashid Bank decided, yesterday, Wednesday, to increase the amount for purchasing residential units to 200 million dinars as a maximum instead of 150 million Iraqi dinars, explaining that the amount is granted for the purpose of purchasing a residential unit (house, plot of land, residential apartment).
The bank explained that "the amount is granted in two installments, the first upon submission of proof of opening a statement in the name of the buyer issued by the Real Estate Registration Department, and the second after completing the procedures and placing a mortgage on the property."
It confirmed that "the borrower is not required to submit a sales contract since he submitted an opening statement in his name from the relevant authority." Indicating that "the transaction is promoted through its branches."
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