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Parliamentary finance reveals the mechanism used to obtain a construction loan DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Parliamentary finance reveals the mechanism used to obtain a construction loan

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Parliamentary finance reveals the mechanism used to obtain a construction loan Empty Parliamentary finance reveals the mechanism used to obtain a construction loan

Post by RamblerNash Sun Dec 24, 2017 2:45 pm

Parliamentary finance reveals the mechanism used to obtain a construction loan

Parliamentary finance reveals the mechanism used to obtain a construction loan 4471

12/24/2017

Economy News _ Baghdad

Revealed a member of the Finance Committee parliamentary Majida Tamimi, Sunday, the mechanism for the disbursement of the construction loan provided by Rafidain Bank.

Al-Tamimi said in a press statement that "the maximum limit of the loan is 50 million dinars for the purpose of building for every citizen owns a residential plot of not less than (50 square meters) in his name on the face of independence or by the joint name under the bond With the support of the Department of Real Estate Registration competent, that the support includes the validity of the issuance of the bond to be mortgaged first class in favor of the bank.

"The loan will be repaid over a period of 120 months and a grace period of 3 months, and an interest of 9 percent will be paid annually. The loan will be disbursed in three installments, the first (25) million at the completion of the bond and the second installment (15 million) And the third installment (10) million at turnkey. "

"The borrower will be insured by the National Insurance Company in favor of the bank and will prove that in the loan contract," he said. "The borrower must use the loan for the purpose given to him.

http://economy-news.net/content.php?id=10279
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