Rasheed puts new controls for the granting of loans to buy apartments complex Basmajh

Author: AT
Editor: AT

30.01.2017 19:55


Long-Presse / Baghdad
It announced the Rasheed Bank management on Monday on the status of controls to lend to citizens who wish to buy apartments in the complex Basmajh residential, and pointed out that the loan amount identified by 80% of the residential unit value that no more than 75 million dinars, as pointed out that the repayment period divided 15 years and an annual interest rate of 6%.

The Chairman of the Board of Directors and Director General of the Rafidain Bank, Rashad Khudair, in a statement, received a (long-Presse), a copy of which, "The meeting was held by the bank Rafidain and Rasheed Iraqi Trade Bank and a representative of the National Investment Commission and a representative of the Iraqi Central Bank to enact procedures and unify minimum requirements and instructions on the development of controls for lending to citizens who wish to buy apartments in Basmajh complex. "

He explained Khudair, "The meeting resulted in the controls for the granting of such a loan, which defined by the amount (80%) of residential unit value and to exceed the 75 million Iraqi dinars after the payment of the first installment amounting to 10% of the value of the apartment and the duration of 15 years and an interest rate of (6%) per annum. "

Khudair and pointed out that "the loan is repaid, with interest at the price equivalent to the dollar (1210) dinars a straight line," stressing that "controls would be announced in detail on the website if ratified by the Ministry of Finance."

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