Ages: launch housing loans soon and distributed according to population ratios for the provinces
{Baghdad} Euphrates News announced that the Ministry of Construction and Housing and Municipalities and Public Works, all near the launch Housing Fund loans for construction and renovation and purchase of residential units in Baghdad and all the provinces.
And transfer to a ministry statement, received by the agency {Euphrates News} minister Tariq Kikhany say, "Work is underway to regulate the granting of the loan procedures, amounting to 50 million dinars after obtaining the Prime Minister authentication on lending to private housing fund loans , the central bank's five trillion Iraqi dinars mechanisms" explaining that " the mechanism of the distribution of the Fund 's loans to the provinces will be the adoption of a standard population ratio of 80% and a standard degree of poverty of 20% for each province."
He added that " the amount of the loan would be for no more than 50 million paid to the beneficiary in two installments and an interest rate of 2% after one year grace one of the date of receipt of each batch granted for the purposes of construction and add construction and grants as well as for those wishing to purchase residential units in investment complexes, as he gives to rebuild housing units destroyed due to terrorist operations. "
he Kikhany that" the distribution of the loan amount on Baghdad and the provinces will be according to population ratios and degree injustice, as well as a mechanism of exchange of new lending transactions that have not been receiving any amount of them, as well as transactions that have been batch or two batches of which the exchange will be the conclusion of a contract or a contract with the borrower for the purpose of dues exchange under the new automatic extension. "
He explained that" the duration of the lending will be 10 years are restored monthly installments equal within the period with an interest rate imposed on the granting of loans 2% annually for the benefit of the central bank , "pointing out that" the housing fund will launch the website hotline phone service for the purpose of monitoring the borrower stages of completing the treatment of loans and be a presentation through the website of the Fund without comply with any amount of money. "
and that" the loan is granted for the purpose of construction or add construction to those who owns a piece of residential land on the face of independence or rumored to him and not be less than earth communal area of 100 square meters and less construction area of about 65 square meters , "noting that " the loan is not granted to build on agricultural and industrial plots of land, as well as grants for those willing to buy residential units in residential investment complexes or subject to the investment law and which are no less net area of about 65 square meters."
" the loan will be granted for the re - construction of housing units destroyed due to terrorist operations The order of priority starting with the ceilings of demolished housing units in full. "
The Prime Minister Haider al - Abadi, ratified last Wednesday, the launch of the housing fund loans for construction and renovation and purchase units mechanisms