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Real Estate Bank unveils new instructions to loans: presentation exceeded the credit plan

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rocky
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Real Estate Bank unveils new instructions to loans: presentation exceeded the credit plan

Post by rocky on Thu 25 Aug 2016, 3:22 am

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Real Estate Bank unveils new instructions to loans: presentation exceeded the credit plan


 Baghdad / Zia Hatem 

Revealed the Land Bank management, on Wednesday, for new instructions to ensure theseriousness of borrowers implementation oftheir obligations, and as pointed out received more than ten thousand demand for loans, confirmed that the presentation exceeded the credit plan that has been prepared. 
The general director of the Land Bank Khudair Abbas , in an interview ( long - Presse) that " the Council ofMinisters issued several instructions on lending to citizens in order to increase guarantees to ensure theseriousness of the borrower 's implementation of its commitments , " noting that " the bank received ten thousand and one hundred request for a loan , " noting that "these requests need to twenty thousand detecting process and 50,000 - hour scrutiny requires considerable time to complete the transaction and after the loan will be resuming. " 
Abbas said . " He added the bank added two conditions are the construction permit and the guarantor for the loan because of the large number of applicants and to increase the filtering for applicants, "noting that" thebank identified its loan to terms with 20 1,000,030 million to spend 40 million to the center of the province and these amounts are subject to the discretion of the Land registry. " 
 for its part , director of credit department Suhair Abdul Hamid said in an interview (long - Presse) that" thesheer number of applicants exceeded Altzlavih plan, which forced us to stop the electronic form only in theprovinces of Diwaniya, Kirkuk and Babylon. "
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