trillion dinars volume of housing loans to citizens

by **Ponee** Thu Oct 15, 2015 10:44 am

Said the economic and investment commission in Parliament: that the volume of financial allocations, which provided loans for reconstruction and housing one trillion amounted to dinars have been distributed between the competent banks to lend providers in all provinces citizens.

The member of the Committee Najiba Najib's (Center Brief for the Iraqi Media Network): The »Central Bank launched trillion Iraqi dinars for projects of Construction and Housing financial allocations in coordination with the Ministry of Construction and Housing Fund in order to meet the needs of citizens and to address the housing crisis across the provinces».

She said Najib »amount was distributed between the competent banks such projects in order to provide loans to citizens submitted on lending to fund housing transactions », adding that» the launch of that money has been in conjunction with the allocations for the advancement of agriculture and industry in the form of loans to support small businesses ».

She pointed out that« the very important issue of housing for the lives of citizens, especially with the increasing population density and the granting of loans to citizens will help find or build housing projects fill the need in this aspect », pointing out that» will be granted housing loans to citizens an interest rate of up to 4 percent and are repaid over five years.

»She noted that» the main conditions that must be provided by the applicants to the receipt of such loans that they could have financial and other guarantees of any sponsor and pay enough to repay the loan in the long defined them ».

The Minister of Construction and Housing Tariq Kikhany had previously announced a new amendment to the instructions lending from the Housing Fund circle, indicating that the first way repay the loan in two installments where by the fund, and recognizes The first batch of 80 percent of the loan amount to the beneficiary after ending the roofing stage, the second installment in the amount of 20 percent of the loan amount be delivered at the completion of the beneficiary businessman
finishes.

http://www.alsabaah.iq/ArticleShow.aspx?ID=102371