Details of the treatment of the Land Bank loan .. monthly installment of 550 thousand dinars

Details of the treatment of the Land Bank loan .. monthly installment of 550 thousand dinars

BAGHDAD / JD / .. obtained by economic dinars on the treatment of real estate bank loan and details of 50 million dinars within the government initiative to solve the housing crisis.
The general director of the Land Bank Khudair Abbas, in an interview with the agency / KD / economic: treatment begin when filling out the form published in the Real Estate Bank site via the Internet so as to prevent the administrative and financial corruption.
He continued: The customer then print the form and submit it to the bank with the required documents and included, (Property roadmap and support the construction and installation of the map's borders and identity card and a certificate of Iraqi nationality with two pictures of student loan).
Abbas said: The Bank audited the information recorded on the form, and if the transaction were completed, the customer puts thumbprint on the form, and the date is set to reveal on the construction site.
He went on: go after a team from the bank to ensure the availability of the loan requirements, contained built-up area of ​​not less than 65 m within a piece of land of not less than 100 m, on the face of independence or rumored, and then be notified of the borrower to book a property in the Land Registry (Tabu).
He said bank manager: In the event arrived build a beneficiary to (veal) will give the bank the first installment of the loan, amounting to 25 million out of 50 million of the loan value, upon the arrival of the construction to the ceiling will be presented the second installment, noting that there are ongoing account will be opened in the bank worth 100 dinars to settle some of the benefits.
Abbas stressed that the loans granted to build or add to the construction or purchase of housing units within the investment facilities built by the government, noting that the value of the loan interest amounting to 3%, and benefits The delay of up to 12%.
He noted that the loan is 10 years' imprisonment, and payment is made in monthly installments do not exceed 550,000 dinars, adding that the bank does not require a reservation salary, and can be paid off or beneficiary customer premiums directly per month, or gives career title for the deduction if desired so.
And between Abbas it had been canceled condition the availability of building a vacation and sponsor in applying for a mortgage loan.
As if on building, said bank manager: must be the area to be constructed no less and no more than 65 m, and are available the same conditions that I mentioned in the student loan, and there is a custom field to add construction in electronic form, which fills, noting that the period which is estimated for the completion of the transaction could reach nearly a month.
As for the purchase of residential investment units by the government, bank manager revealed a mechanism submitted to the Prime Minister's Office, has been preliminary approval and waiting to be activated soon.
And it includes a mechanism the customer review national investment offices in the Baghdad International Fair for the sale of residential apartments to the citizens and that the first installment of 10% of the value of the apartment to pay and remain flat in the warehouse Investment Department, for its part the bank pays on behalf of the customer amount to the investment company and turn ownership or mortgage the apartment to the Land Bank after Takuillena payment instrument on his behalf and the payment is made to the bank. 



  [You must be registered and logged in to see this link.]