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Al-Rafidain Bank announced granting car loans in installments amounting to 60 million Iraqi dinars (about 50,319 US dollars) to employees, citizens and retirees.
The bank said in a statement issued today, Tuesday, October 20, 2020, which was published on the "Rudaw" media network, a copy of it, that the benefits of car loans provided by the bank were set at 4%.
The bank contracted with "discreet companies equipped with the latest types of cars," according to the statement, and called on those wishing to apply for the loan to see the conditions for obtaining car loans from the bank's designated branches.
On an ongoing basis, the bank issues instructions according to which it decides to grant medium-term loans for periods ranging from 2-5 years, and long-term loans for periods ranging between 5-10 years for citizens and companies willing.
The bank currently has 164 branches inside Iraq, in addition to 7 branches abroad: Cairo, Beirut, Abu Dhabi, Bahrain, Sanaa, Amman, and Jabal Amman.
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