Rafidain publishes instructions to grant advances to private sector employees, hospitals and private companies

by **claud39** Mon Jul 15, 2019 7:05 am

Rafidain publishes instructions to grant advances to private sector employees, hospitals and private companies

07/15/2019

Economy News Baghdad

Rafidain Bank decided on Monday to grant advances to private and mixed employees working in hospitals, colleges and private companies in order to support the economic sector.

The bank's information office said in a statement read by "Economy News" that "the loans granted to this segment are in accordance with the terms and conditions and the amount of the advance (10) million dinars for the monthly salary (nominal + fixed allocations) more than (500,000) five hundred thousand Dinars and (5) million dinars for the monthly salary (nominal + fixed allocations) ranging from (500000) five hundred thousand dinars or less.

The statement added that "the term of the advance (5 years) is to pay installments of the advance and interest monthly within (60) months from the month following the date of granting the advance," noting that "the private (hospital or college or private companies) or companies in the mixed sector to open an account I have one of the branches of the bank and settle the salaries of its employees (applicants) with the bank to issue MasterCard cards to them.

He added that "guaranteeing the advance provide the guarantee of a civil servant from the government departments and the permanent staff covers (50%) of his salary and the life insurance of the borrower and at the expense of the payer and not to exceed the age of the beneficiary of (59 years) and the service of the private sector or the mixed sector Two years ".

In addition to the housing card for the applicant and the sponsor, and a book issued by the employer in which the private or mixed sector employee works, the applicant agrees that the applicant is continuing the service and the amount of his nominal and total salary and the net salary And support from the municipal council in which he supports the title of housing (student advance) and certified signatures and official seals.

http://economy-news.net/content.php?id=17227