CBI extends housing loans' terms to 15 years
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CBI extends housing loans' terms to 15 years
by GirlBye Wed Oct 07, 2020 10:48 am
CBI extends housing loans' terms to 15 years
The Central Bank stated today, "in response to the economic conditions that our country is going through and to contribute to alleviating the burdens of borrowers in light of the current financial distress, the Central Bank of Iraq decided to amend the loan terms within its initiative to finance the housing and real estate bank (the Five Trillion Initiative). The new terms will be 15 years instead of 10 years, with a retroactive effect".
The statement added that the bank, "continues to take all necessary measures to contribute to creating a banking system capable of responding to the challenges of the financial crisis and leading the Iraqi economy to safety".
https://shafaq.com/en/Economy/CBI-extends-housing-loans-terms-to-15-years
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