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The two rivers raise student loans to 10 million dinars
Economy News - Baghdad
Al-Nahrain Islamic State Bank announced, on Monday, the issuance of amendments to the rules of financing education loans, while raising the value of the loan to 10 million dinars.
The bank said in a statement seen by "Al-Iqtisad News", that "the regulations for financing the Murabaha education include the maximum funding limit of 10 million dinars, after the upper limit was 3 million dinars, and with a percentage of Murabaha (interest) 15% instead of 25%, and the financing period is 10 months Noting that "the first installment is due 30 days after the educational agency receives the amount."
He added: "The applicant of funding must present the evidentiary documents with the identity of his educational authority, as well as provide support from the educational authority for the student's continued attendance."
The bank indicated that "employees whose salaries are settled at the bank’s branches are buying a study seat for the citizen employee or one of his family members starting from the elementary school level until the doctoral study reaches 10 million dinars, with a percentage of 10% profitability."
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