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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


    Trade Bank of Iraq sets controls for granting car loans to state employees

    Rocky
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    Trade Bank of Iraq sets controls for granting car loans to state employees Empty Trade Bank of Iraq sets controls for granting car loans to state employees

    Post by Rocky Today at 6:51 am

    [size=38]Trade Bank of Iraq sets controls for granting car loans to state employees[/size]


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    September 23, 2024[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala: Today, Monday, the Trade Bank of Iraq (TBI) determined the controls and mechanism for granting loans to purchase cars for state employees by contracting with two companies.
    The bank’s media advisor, Aqil Al-Shuwaili, said in a statement that “the Trade Bank of Iraq (TBI) has set controls and a mechanism for granting loans to state employees whose salaries are domiciled within the bank, which include:
    1- The loan is granted to permanent government employees whose salaries are domiciled with our bank.
    2- The maximum loan amount shall be (60,000,000) dinars (sixty million Iraqi dinars).
    3- The loan is granted to employees of the state whose salaries are domiciled with our bank as a guarantee (a government employee on the permanent staff).
    4- The ages of those covered by the loan start from (18) years, provided that the date of payment of the last loan installment (with the interest due on it) does not exceed the legal retirement age specified in accordance with the Unified Retirement Law.
    5- The loan repayment period is (8) years.
    6- The bank finances (90%) of the value of the car to be purchased, and the remaining (10) is borne by the borrower, to be deposited in cash into the customer’s account, and a reservation mark is placed on the deposited amount by the branch.
    7- A decreasing interest of (5) percent is calculated annually.
    8- Monthly deductions must not exceed (50) percent of the total salary of the borrower and the guarantor.
    9- The borrower (buyer) must have a valid driving license (public or private).
    10 Signing a contract and a bill of exchange for the loan amount of 30%.
    11- Placing a reservation notice on the vehicle in favor of the Trade Bank of Iraq at the General Traffic Directorate.
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