Rafidain announces the granting of loans to citizens up to (50) million for construction purposes



Number of views 642 Date 04/06/2017 - 21:47

Economy News _ Baghdad:

Al-Rafidain Bank announced on Sunday granting loans to citizens up to (50) million dinars for the purposes of construction for those who owns a piece of residential land not less than (50 m 2).

The bank's information office said in a statement received by the "Economy News" that "the bank has set up controls to grant loans to citizens for the purposes of construction, namely that the plot of land in his name on the face of independence or by the common name under a recent issuance and supported by the Department of Real Estate Registration competent," adding that "The guarantee includes the validity of the issuance of the bond to be mortgaged from the first degree in favor of the bank."

"The term of the loan will be (10) years (120) months and a period of grace (3) months and an interest rate of (9%) annually."

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