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Find out the terms of a loan of 50 million dinars DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Find out the terms of a loan of 50 million dinars

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Find out the terms of a loan of 50 million dinars Empty Find out the terms of a loan of 50 million dinars

Post by RamblerNash Wed Jun 07, 2017 7:05 pm

Find out the terms of a loan of 50 million dinars

Find out the terms of a loan of 50 million dinars Dinar

Twilight News 

8 hours ago

Twilight News / Rafidain Bank published the terms of a loan of 50 million dinars for the construction of housing units worth an annual interest rate of 9 percent a year.

The following loan terms:

1-grant alone top loan amount of 50 million dinars for the purpose of construction of every citizen owns a piece of residential land not less than an area (50 m 2) in his name on the face of independence or common name under the modern version provider with the support of the Real Estate Registration Department competent support, that includes support the health of the issuance of the bond to be mortgaged first class in favor of the bank.

2. The loan term is 10 years, ie, (120) months and the period of grace (3) months.

3. satisfy the interest of 9% per annum.

4. The loan is paid in three installments and as follows:

a. The first installment (25) million at the completion of Rabat.

B. The second installment (15) million when complete roofing.

C. The third installment (10) million upon delivery of the key.

5. The loan is repaid in equal monthly installments and with a straight declining interest and be the monthly installment of the loan.

6. regulated by a special contract between the bank and the citizen under the loan contract (attached hereto) and are drawn by the character of the law are met.

7. shall not transfer ownership of the property or conduct any legal actions only after the payment of all obligations towards the bank or obtain approval on it.

8. Insurance is made on the life of the borrower with the National Insurance Company for the benefit of the bank and prove it in the loan contract and under the guidance communicated to you by the Finance Department.

9. The Borrower shall use the loan granted for the purpose for which in the case of breach of such performance is due loan.

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http://www.shafaaq.com/ar/Ar_NewsReader/ac6cc6af-64f5-42ca-8142-12fad5b920ef
RamblerNash
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