Al-Rafidain issues new instructions regarding car loans

by **claud39** Mon Jun 28, 2021 10:17 am

Al-Rafidain issues new instructions regarding car loans

06/28/2021

Al-Rafidain issues new instructions regarding car loans 11782

Economy News - Baghdad

Al-Rafidain Bank announced, on Monday, easy instructions regarding granting car loans in a number of its branches in Baghdad and the governorates without a sponsor.

And the media office of the bank said in a statement seen by “Al-Iqtisad News”, that “the instructions for car loans for employees whose salaries are domiciled with the bank exclusively and from holders of a MasterCard stipulate that the employee’s salary is the only guarantee and insurance against reluctance to pay, provided that the employee also submits a continuity book. functional service".

He added that "for citizens, retirees and non-national employees whose salaries are owed to the bank, they must provide a sponsor for an employee who continues to serve on the permanent owners, and that 50 percent of his salary covers the value of the installment with interest."

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