Rafidain Bank announces 10 million dinars advance to state employees

Rafidain Bank stressed that the advance of the state which was launched recently staff of 10 million dinars to be paid in the form of monthly installments for a period of 5 years.
Press office of the bank said in a statement, said the benefits of the advance payment of up to 7 percent of the total amount required to be paid monthly about 196,000 dinars, in addition to obtaining the amount of 2 percent administrative commission of the amount of the advance.
The statement continued that the total amount that is deducted from the employee 's salary is about 196,000 dinars a month on condition that the applicant to request the advance civilian staff installed on permanent staffing and went on to serve one year in order to begin to deduct the amount of the premium month after the grant date.
He stressed the need not to exceed the monthly deductions of advance and other obligations owed ​​by the borrower 50 percent of the total salary as well as the requirement to provide the sponsor to ensure a civil servant of the state employees on the permanent staffing and does not accept guarantees opposite and that does not exceed the deductions of 50 percent of the total salary of the sponsor.
The statement noted that in the case of a previous advance of the applicant is a Agaydah settlement or cash and the remaining amount is paid for Mstlv.
The statement said that filling out the form located on the website of the bank from 8:00 am until 13:00 so that sort of forms and raising accepted requests for advance payments in the form of the names of the time.
He noted reject all forms received from lagging ministries in repayments of loans and advances past that is launched after the resumption of debt repayment