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Rafidain decides to grant loans to citizens affected their homes in Nineveh

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Rafidain decides to grant loans to citizens affected their homes in Nineveh

Post by claud39 on Sun Dec 23, 2018 8:22 am


Rafidain decides to grant loans to citizens affected their homes in Nineveh


Economy News Baghdad:

Rafidain Bank decided to grant loans to citizens of Nineveh residents exclusively and damaged their homes.
The bank's media office said in a statement that it was decided to grant loans to citizens of the Nineveh province whose homes were demolished or damaged by the control of the terrorist on their areas or as a result of military operations. According to ...
He added that "grants to citizens whose homes have been demolished or damaged by the control of a terrorist on their territory or as a result of military operations are subject to the condition that they do not receive compensation or a grant from any party supported by the compensation committees. In case of any compensation, Loan in full of the amount of compensation "
He said that "the loan is granted a maximum limit of 30 million dinars to the citizen who owns a housing house sex drug Tabu exchange and collateral mortgage property of the first class in favor of the bank and to cover the value of the property and 15 million dinars to the citizen who lives in rural areas and the guarantee of real estate in favor of the bank in addition to the guarantee of civil servant of State Department employees cover 50 percent of the total salary . "
"The loan period is 10 years or 120 months. The installments are paid in the following month from the grant date. The loan amount is disbursed in equal installments for both types: Disclosure Committee of the Donor Branch " .
" The property will be guaranteed on behalf of a student loan may not be the transfer ofownership of the property or conduct any legal actions only after the payment of its obligations to the Bank or with the consent of the bank and requires the borrower to use the loan for the purpose granted for him and in the event of breach of the loan isconsidered worthy performance."
He pointed out that the request is made to the citizen and the sponsor to know the obligations owed to any party and to fulfill the commission and according to the instructions and controls with the intersection and the non-repetition of the grants and insurance on the life of the borrower for all cases of death, including terrorist operations of one of the state insurance companies in favor of the bank and at the expense of the customer .
The statement added that "the loan is suspended after two years and if the borrower wishes to pay the loan in full during the first five years will not bear any interest . "

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