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The Housing Fund starts by lending the housing complexes and installs the late fines DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The Housing Fund starts by lending the housing complexes and installs the late fines

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The Housing Fund starts by lending the housing complexes and installs the late fines Empty The Housing Fund starts by lending the housing complexes and installs the late fines

Post by claud39 on Wed Nov 13, 2019 7:30 am

The Housing Fund starts by lending the housing complexes and installs the late fines


13/11/2019



The Housing Fund starts by lending the housing complexes and installs the late fines 17824


Economy News _ Baghdad



The Housing Fund of the Ministry of Construction, Housing and Public Municipalities announced on Wednesday that it will start next year lending residential investment complexes, stressing that it decided to install the delay penalties against borrowers to 24 months for those who defaulted on payment of one or two years.

"The bank has prepared an economic feasibility and a financial and legal plan aimed at raising the level of the lending process and simplifying its procedures," the fund's director general, Sabbar al-Saadi, told Al-Sabah newspaper. By lending investment residential complexes. ”

Al-Saadi added, “The Fund is in the process of agreeing on a specific formula for the process of paying interest in agreement with the investor, or is going to lend to individuals with citizens who have a residential investment unit.” All borrowers are late for repayment for one or two years. ”

He pointed out that "interest income earned to the Fund, amounted to 100 million dinars per day," noting that "the bank in turn converted to loans, which creates a financial cycle can contribute to the revitalization of the national economy and ensure the continuation of the lending process."



claud39
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