Reconstruction issued instructions for individual lending for citizens of the Housing Fund

2016/6/5

{Baghdad} Euphrates News announced that the Ministry of Construction and Housing and public municipalities, for individual lending instructions given by the Iraqi Housing Fund formations one ministry to the citizens for the purpose of building under construction Awadhavh CBI initiative included lending to fund the amount of 850 billion dinars.

And transfer to a ministry statement received by the agency {Euphrates News} a copy of it today, Director General of the Department of Housing Fund Iraqi spokesman Bahaa Eddin said he was "pursuant to instructions issued by the Fund for the loan that was selected for no longer than about 50 million dinars for each lending the event, which will include all Iraqi citizens who between the ages of 22 and 65 years except for the Kurdistan region, and does not include agricultural and industrial land. "

He noted that "the loan is granted for the purpose of construction or adding building who owns a piece of residential land on the face of independence or rumored to have not less than 100 square meters and a building area of ​​not less than 65 m2, and will pay a two-stage 40% for Albadlo {veal} and 60% for stage stage finishes, or 60% of the roofing stage and 40% for the completion of the terminations that Aymanh loan at once.

Confirmed the instruction according Bahauddin that "the beneficiary to provide guarantor guarantor or more civil servants Aldaimyin or employees of the Ministry of Interior officer above that covers half of their pay nominal monthly premium amount, also bears the borrower's wages administrative services of 1% of the loan amount taken time one of the first batch and 2% annual exchange and special interest for the Central Bank of Iraq. "

He continued, "The instruction set length of time between the first and second Akoshvin that no more than six months, otherwise forfeits his right to claim the second installment, the borrower bears noting that the wages of detecting the amount of 60,000 dinars each time, and that the loan repayment period is 10 years."

And "includes the loan of citizens who took the initiative to get him a written request, as could include former borrowers who did not complete payments initiative receive by submitting a written request for the purpose of including them in the initiative that the same as the previous amount depends maximum {35} million of the capital Baghdad, and {30} million for the rest of the provinces that fund working conditions for payments received and the same duration {15} years and continue to adopt the new mechanism and conditions of the sums lent under the initiative. "

He noted that "according to the instructions issued by the Fund, should the citizens who wish to obtain a loan to provide support land of talk does not go by the more than 6 months and vacation building in force does not go on for more than three certified years and map modern border install does not go out more than 3 months and map building certified, as well as to make a formal ensure that the civil servant or member of the Interior officer above the personal archives of the borrower and the guarantor. "

He pointed out that "it is hoped the launch of direct loans to citizens early next month," .anthy