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Al-Rafidayn: Building and repairing housing loans are mortgaged
Economy News _ Baghdad
The Rafidain Bank announced, on Sunday, that the 50 million loans to add construction and repair of residential homes that are granted to employees and 30 million dinars to citizens are mortgaging the property to be repaired.
The bank's media office said in a statement, "Economy News" received a copy of it, that the guarantee of granting loans to add construction or restoration and the rehabilitation of residential homes for citizens will be mortgaged to the property to be repaired or rehabilitated for the benefit of the bank.
The statement added that the loan to add construction or rehabilitation and renovation of residential homes amounts to 50 million dinars for employees and 30 million dinars for citizens, noting that the loan guarantee will be mortgaged to the bank for the benefit of the bank and from the first degree, provided that its estimated value covers (the amount of the loan + 20%) in addition to a salary The employee for employee borrowers. He called on citizens and employees to visit his branches in Baghdad and the provinces to apply for these loans.
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