Housing Fund reveals loan mechanism for citizens


October 18, 2016 | 12:35 pm


The Iraqi position network


Construction and Housing Ministry, municipalities, the number of loans granted by the Housing Fund during September last, noting that loans exceeded four thousand, revealing an easy mechanism to enable citizens to follow their treatment and save them the trouble of reviewing the Fund's headquarters and its branches in the provinces.

Reconstruction Minister, wholesome Osei, in a press release on Tuesday that the Ministry's Housing Fund, the necessary actions to conduct lending transactions, "according to the Central Bank's initiative, noting that the service performed during the last month," four thousand and 384 lending impetus, divided in three batches, the first involving 2154, 562, second and third 1668.


Osei said the Fund continues, "the residential units in Baghdad", indicating that the number during the same month commissions "in Baghdad, 11, at 1287 lending transaction as well as other 14 provinces 1442 lending transaction rate, and total capacity of 2729 treatment revealed last month.

Osei, revealed that "there is an easy mechanism enables the citizen to enter the Iraqi Housing Fund website to know the stages of operation treated and how far, what likes to bother reviewing the Fund's headquarters and its branches in the provinces," asserting that "citizen can provide loan recognizes treatment through branches in all provinces of Iraq and implement all procedures including receipt of the instrument in the same province.

The Central Bank's initiative to support the private sector and citizens in the areas of industrial and agricultural lending and Housing Fund, designed to meet the needs of citizens with college loan amount six trillion dinars, five of them for distribution by 33 percent and industrial agriculture and 34% for housing loans, and loans mortgage bank, to be divided equally between them, equivalent to 850 billion dinars each, while allocating trillion dinars for lending to citizens through private banks.

Housing Fund was issued at the beginning of last June lending instructions given by Iraqi Housing Fund for construction or building under the initiative of the Central Bank of Iraq.


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