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Al-Rasheed Bank reduces the interest rate for housing repair to 5%

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Post by RamblerNash Tue Oct 06, 2020 4:53 am

Al-Rasheed Bank reduces the interest rate for housing repair to 5% 23368
 
10/4/2020

Economy News _ Baghdad

The bank’s media office said in a statement that “Al-Eqtisad News” received a copy of it, that "it was decided to reduce the interest of housing unit restoration loans from 8% to 5% annually, indicating that the repayment is monthly."

He added that "the loan amount allocated for the purpose of restoration is 40 million dinars for employees and 30 million dinars for citizens, provided that the loan is disbursed in two payments, 60% of the loan amount for employees and 75% of the loan amount for citizens," adding that "grants for employees are given from card holders Nakheel without a sponsor. "

It is noteworthy that the Rasheed Bank, during the last period, began granting various loans and advances to employees and citizens according to certain mechanisms and controls.

https://economy-news.net/content.php?id=22103

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