Approval of the detailed mechanism for new housing loans under the central bank initiative
Thursday 24-03-2016 | 2:05:33
[You must be registered and logged in to see this image.]
J p
Thursday 24-03-2016 | 2:05:33
[You must be registered and logged in to see this image.]
J p
Twilight News / Minister of Construction and Housing and public municipalities Tariq Kikhany on Thursday announced the ratification of the detailed mechanism for implementing the Cabinet's decision to lend to the housing fund under the ministry included the mechanisms of lending to fund 850 billion dinars.
The minister said in a statement responded to the Twilight News, have been allocated 20% of the allocated for the Housing Fund Amount (excluding the Kurdistan region) for the purposes of the purchase of residential apartments of investment complexes and are entitled to the Fund's adjusted ratio management, according to the actual need, as will be allocated 747.473 billion dinars will be by 80 % of any amount 597.978 billion dinars for individual lending and 20% of any amount 149 495 for the purchase of residential apartments.
And that will be put to grant special loans to buy apartments suitable mechanisms after the completion of the development of mechanisms for individual lending and then determine the appropriate residential complexes to which they apply these conditions.
He Kikhany that monthly premiums for new loans under the CBI initiative to be on the first two installments of 40% upon completion of Albadlo stage and the second 60% upon completion of stage finishes or the first to be 60% upon completion of Almsagv structure and the second 40% upon completion of stage finishes and procedures Fund Act Housing Private detects the site itself and the other with respect to the previous loans.
He said he will be former same amount the adoption of a maximum of 35 million dinars to Baghdad, and 30 million dinars for the rest of the provinces that continue to work for the payments received Fund's conditions for a period of 15 years and dependent mechanism and the new terms of the amounts borrowed under the initiative with the insurance premium by the amount received from the borrower.
The Minister said according to the central bank's initiative will be the loan amount, including no more than 50 million dinars for each lending case bears the borrower an annual interest rate of 2% in favor of the central bank and downloads administrative one-time 1% and have a maximum that is the restoration of the loan in monthly installments of the loan period of ten years equal within the prescribed period.
The loan is granted also for the purpose of construction or adding building who owns a piece of residential land on the face of independence or rumored to him and not be less than the land collectivized area of 100 m2 and less construction area of 65 m2 and Aymanh to build on cutting agricultural and industrial land, as the loan is granted for those wishing to purchase housing units investment or subject to the law investment which not less than the net area of 65 m2 and the loan is granted also to rebuild housing units destroyed due to terrorist operations and in order of priority starting with the ceilings of demolished housing units fully and provide the beneficiary guarantor or more permanent civil servants on the permanent staffing or employees of the Interior Ministry so that it covers half the salary nominal the amount of the monthly installment impact owed by the borrower and to ratify the sponsorship of a notary Fund and the sponsor department undertakes to deduct the monthly installments from the salary of the sponsor upon request from the Housing Fund.
The minister concluded by saying that the borrower Sejer between lending law Housing Fund or to wait for the availability of cash to him and the lending under the CBI initiative and also the written request of the borrower.
[You must be registered and logged in to see this link.]
Today at 5:16 am by Rocky
» MM&C 11/8/24 Does printing the currency in Iraq cost huge amounts?.. An expert answers
Today at 5:15 am by Rocky
» utube 11/9/2 MM&C News Reporting-Sudani Art IV IMF-Port Faw Open-CBI Governor-No Room for Tw
Today at 5:15 am by Rocky
» To approve controversial laws... new political understandings between the blocs
Today at 5:09 am by Rocky
» TBI opens two branches in Sulaymaniyah and Erbil and distributes 10,000 bank cards in Kurdistan
Today at 5:07 am by Rocky
» Private Banks Association: The rate of financial inclusion for electronic payment is increasing
Today at 5:03 am by Rocky
» Following the extension of the legislative term... a representative of "Al-Jabal": More than 120 law
Today at 5:01 am by Rocky
» The leak of “billion-dollar bribes” shakes the atmosphere... Al-Sudani’s advisor is in the eye of th
Today at 4:56 am by Rocky
» Central Statistical Organization: $24.6 billion in Iraqi imports in 2023
Today at 4:52 am by Rocky
» Operating Iraqi factories... citizens' hope and influential merchants' obstacle
Today at 4:48 am by Rocky
» Al-Sudani Office: Spreading lies is the weapon of the bankrupt
Today at 4:47 am by Rocky
» Al-Maliki: The government and political forces must abide by the statement of the authority
Today at 4:46 am by Rocky
» Parliamentary Security: US forces entered Iraq for the purpose of occupation
Today at 4:44 am by Rocky
» Politician: Next year's budget will face several challenges
Today at 4:43 am by Rocky
» White House Position Awaits Iraqi Beauty Who Helped Trump Return to Presidency
Today at 4:41 am by Rocky
» Dana Gas achieves $112 million in profits in nine months in Kurdistan
Today at 4:40 am by Rocky
» Al-Maliki warns against the explosion of internal crises and the activity of Baath Party cells in Ir
Today at 4:39 am by Rocky
» Find out Iraq's global and Arab ranking with the highest average per capita wealth for the year 2024
Today at 4:38 am by Rocky
» Al-Sudani's advisor: We have put in place a mechanism to provide loans to these groups
Today at 4:36 am by Rocky
» A set of recommendations from Al-Sudani to reform the financial and banking system in Iraq
Today at 4:35 am by Rocky
» Economist: Mistakes are being made in dealing with Basra crude prices
Today at 4:34 am by Rocky
» MP reveals reason behind rising real estate prices in Basra
Today at 4:32 am by Rocky
» Private Banks Association: Financial inclusion rate rose to 48%
Today at 4:31 am by Rocky
» Economic Center Proposes Establishing a Ministry or Authority for Artificial Intelligence in Iraq
Today at 4:30 am by Rocky
» Head of the "Homeland" coalition to "Nina": New understandings between parliamentary blocs to pass c
Today at 4:28 am by Rocky
» Interior Minister chairs meeting to discuss preparations for securing Arab Summit in Baghdad
Today at 4:27 am by Rocky
» The Prime Minister of the Kurdistan Regional Government discusses with the Japanese Ambassador to Ir
Today at 4:25 am by Rocky
» Al-Maliki: Iraq is a key country in the region, not a marginal one
Today at 4:24 am by Rocky
» Al-Araji discusses with the Iranian military attaché in Baghdad ways to enhance the security and sta
Today at 4:23 am by Rocky
» Expectations of delaying the formation of the regional government until next year due to the lack of
Today at 4:21 am by Rocky
» Tens of thousands of victims.. Will Iraq be able to remove mines before the end of 2028?
Today at 4:20 am by Rocky
» Parliamentary satisfaction with intelligence efforts: The quality of information contributed to dire
Today at 4:18 am by Rocky
» Trump wants to meet Sudani soon
Today at 4:17 am by Rocky
» Kurdistan Finance delegation in Baghdad to discuss October salaries
Today at 4:16 am by Rocky
» Voting this week.. Political dialogues to resolve differences over controversial laws in parliament
Today at 4:14 am by Rocky
» Oil: Associated gas investment in the north reached 410 MCM
Today at 4:13 am by Rocky
» With a length of (2444) meters.. Transport explains the strategic importance of the submerged tunnel
Today at 4:11 am by Rocky
» Government Media: 670 model schools completed in all governorates
Today at 4:10 am by Rocky
» For these reasons, Al-Mashhadani came to power as Speaker of Parliament.
Today at 4:08 am by Rocky
» For these reasons, Al-Mashhadani came to power as Speaker of Parliament.
Today at 4:06 am by Rocky
» Iraq reveals Iranian pledges not to use its territory in any attack
Today at 4:05 am by Rocky
» Al-Mashhadani’s first test: “One month” before the Iraqi parliament to decide on “controversial” law
Today at 4:04 am by Rocky
» Al-Sudani directs Jordanians to enter Iraq without a visa
Today at 4:03 am by Rocky
» Wasted wealth.. More than 50% of Iraqi factories are out of operation
Today at 4:02 am by Rocky
» Saleh Al-Mutlaq: “General amnesty” is designed for thieves
Today at 4:01 am by Rocky
» Parliamentarian: Cancellation of the international coalition withdrawal agreement from Iraq is possi
Today at 4:00 am by Rocky
» Government 'furious' at spreading lies: Law will take its right course
Today at 3:58 am by Rocky
» Baghdad Mayor launches new phase to achieve sustainable development at Cairo Urban Forum
Today at 3:57 am by Rocky
» Spreading lies is the weapon of the bankrupt.. The government: We will continue the war on corruptio
Today at 3:56 am by Rocky
» Chairman of the Advisory Board of the Council of Ministers denies an audio recording attributed to h
Today at 3:55 am by Rocky
» Installing GPRS systems in tankers transporting products to combat smuggling in Iraq
Today at 3:53 am by Rocky
» With a length of (2444) meters.. Transport explains the strategic importance of the submerged tunnel
Today at 3:51 am by Rocky
» Al-Sudani threatens: We will take revenge on anyone who tamperes with Iraq's security
Today at 3:48 am by Rocky
» Al-Sudani calls Trump.. Agreement on coordination to end the war in the region
Today at 3:46 am by Rocky
» Economic calls for Iraq to withdraw from OPEC.. What are the reasons?
Today at 3:44 am by Rocky
» Dollar exchange rates in Iraqi markets this morning
Today at 3:43 am by Rocky
» Disagreements and quarrels.. What happened in the last meeting of the State Administration Coalition
Today at 3:41 am by Rocky
» What are the possible scenarios for forming the regional government?
Today at 3:39 am by Rocky
» Proposal to establish a ministry or body dedicated to artificial intelligence in Iraq
Today at 3:37 am by Rocky
» Urgent | Including increasing the number of branches.. Al-Sudani issues 6 directives to develop the
Yesterday at 5:15 am by Rocky
» Al-Alaq describes the parallel dollar as “abnormal”: There is great stability in prices
Yesterday at 5:14 am by Rocky
» utube 11/5/24 MM&C MM&C News Report-ICC-Investors-RIYADA BANK-Port of Faw-3 Presidents Seated-Removi
Yesterday at 5:05 am by Rocky
» Foreign Ministry: Iraqi-Saudi Coordination Council to convene in Baghdad next month
Yesterday at 5:04 am by Rocky
» Travelers demand cancellation of electronic reservations by government banks in selling them dollars
Yesterday at 5:03 am by Rocky
» Al-Sudani directs to increase bank branches to expand financial services and modernize buildings in
Yesterday at 5:01 am by Rocky
» Census Without Nationalities: An Attempt to Write a New Narrative of Iraq’s Unity
Yesterday at 4:59 am by Rocky
» Diplomatic Embrace or the Specter of Sanctions: Iraq Sways in Positions towards Trump
Yesterday at 4:58 am by Rocky
» The National: The British Army Returns to Iraq Under New Pretext
Yesterday at 4:57 am by Rocky
» Zidane and Al-Mandlawi discuss the issue of approving laws related to the work of the judiciary
Yesterday at 4:55 am by Rocky
» MP: The ministerial change is not linked to a specific component or party
Yesterday at 4:54 am by Rocky
» For these reasons, Al-Mashhadani came to power as Speaker of Parliament.
Yesterday at 4:53 am by Rocky
» Al-Kroui to Al-Maalouma: 4 oil and gas fields on the table of the upcoming licensing rounds
Yesterday at 4:51 am by Rocky
» Raouf: The region needs more time to form the new government
Yesterday at 4:50 am by Rocky
» Al-Sudani issues 6 directives to increase financial inclusion and raise its indicators in all govern
Yesterday at 4:49 am by Rocky
» Kurdistan Men's Union Diagnoses Danger Threatening Society's "Collapse" and Proposes Polygamy
Yesterday at 4:47 am by Rocky
» Anbar explains details of the Western Desert irrigation project and sets its opening date
Yesterday at 4:46 am by Rocky
» Large ships at the five berths of Al-Faw Port
Yesterday at 4:44 am by Rocky
» Al-Marsoumi: Faw Port and Development Road will generate revenues worth 6 trillion dinars in 2038
Yesterday at 4:43 am by Rocky
» Nearly half of Iraq's factories are "stopped"... moves to rescue them
Yesterday at 4:42 am by Rocky
» Gulf central banks follow the Federal Reserve and cut interest rates
Yesterday at 4:41 am by Rocky
» Iraqis are the most likely to buy real estate in Jordan in 2024
Yesterday at 4:39 am by Rocky
» Iranian-Sudanese agreement to expand economic and trade cooperation
Yesterday at 4:38 am by Rocky
» Completion of 670 schools in all Iraqi governorates
Yesterday at 4:38 am by Rocky
» Al-Sudani's advisor: We have put in place a mechanism to provide loans to these groups
Yesterday at 4:37 am by Rocky
» A set of recommendations from Al-Sudani to reform the financial and banking system in Iraq
Yesterday at 4:36 am by Rocky
» A dialogue seminar in Basra discusses the anti-torture file and fair trial mechanisms
Yesterday at 4:33 am by Rocky
» The conclusion of the Ninth International Scientific Conference of the College of Veterinary Medicin
Yesterday at 4:32 am by Rocky
» Minister of Interior from Amman: The government has launched a major campaign to improve the service
Yesterday at 4:31 am by Rocky
» Al-Bujari: The Grand Faw Port Project is an opportunity to do justice to graduates of maritime speci
Yesterday at 4:29 am by Rocky
» Al-Sudani announces a package of new banking directives to enhance financial inclusion in the govern
Yesterday at 4:27 am by Rocky
» Iraqi oil returns to gains as Iran-Israel tensions escalate
Yesterday at 4:25 am by Rocky
» Next week... Parliament is close to resolving the controversial laws
Yesterday at 4:22 am by Rocky
» Zidane discusses with Mandalawi and Maliki cooperation between the judicial and legislative authorit
Yesterday at 4:21 am by Rocky
» Al-Atwani to Al-Maliki: We have embarked on a new philosophy for managing the financial sector based
Yesterday at 4:20 am by Rocky
» Al-Sudani issues a set of recommendations to reform the financial and banking system in Iraq
Yesterday at 4:18 am by Rocky
» Iraq's Maritime Future.. Everything You Need to Know About Faw Port and Completion Rates (Video)
Yesterday at 4:17 am by Rocky
» Trump poses a threat to Iraq's budget
Yesterday at 4:16 am by Rocky
» A detailed explanation of the implications of Trump’s victory on Iraqi oil policy
Yesterday at 4:14 am by Rocky
» Minister of Interior inaugurates the unified card system at the Iraqi Consulate in Jordan
Yesterday at 4:13 am by Rocky