Real Estate Bank cancels the sponsorship system of loans
Thursday 11.12.2015 0:52
Baghdad news / Abdulrahman al-Rubaie
canceled the Land Bank system in place previously and which requires the borrower to come guarantor to the bank to secure the loan amount in case of non-repayment of the borrower. The Director-General of the Bank Khudair Abbas statement singled out the "Baghdad News" that "the bank canceled the work the sponsor system and substituting submit paperwork of the property for the mortgage in the bank. "He added that" the bank is Btzlev all citizens, who have provided documents relating to the drug and official archives. "He stressed that the highest value of the loan will be 30 million with a construction area (100 meters), and the Bank of the Btzlev citizens who wish has added building at $ 15 million. He said the value Tseded loan shall be according to the amount borrowed to be Tksath citizen benefits of up to 4% of the loan value. He explained that the bank does Btzlev citizens who own property (the king of exchange) exclusively , denying that the citizens cut lending to owners of agricultural land. He pointed out that the bank is going to open new branches in Karkh and Rusafa, stressing that the cadres who will occupy the new branches will be among the cadres of the bank, denying that the bank opens the door appointment in its branches.
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