Launching the online application for housing fund loans

[Big_J]

[yota691]

Housing Fund: We will give loans to those wishing to buy residential units of investment projects

 

 

Monday, June 20, 2016 09:51

 

 

 

 

 

Alsumaria News / Baghdad  Announced Housing Fund , on Monday, he will give loans to citizens WHO COMPLETE wish to purchase housing units of investment projects, at a time is confirmed. the allocation of 850 Billion dinars for the Fund for lending to citizens, revealed its demand for the allocation of 500 Billion dinars annually to finance the lending process. He , by said the fund manager the Ministry of Construction and Housing Spokesman Bahaa El 'sDin Moustafa, in an interview with Alsumaria's News That "the Fund has no authority to grant loans to citizens to buy housing units, but the new Initiative of the Council of Ministers on the granting of 850 Billion dinars by vBulletin® the Central was Bank allowed to Provide loans for the purchase of residential units in the completed investment projects the indicator in the investment Authority color : as a Basmaja. "         He , Mustafa "The loan, Which will be presented to the citizens for the purchase ofthese units will be around 50 million dinars, According to the controls That came in, " adding, "We 're are On talking about saving three million housing units and the Possibility to rise to three million and 500 housing units. " he , Continued Mustafa bysaid" the fund student The The ministry and the cabinet study a fixed allocation for the Fund of $ 500 Billion dinars annually is allocated by vBulletin® the - central bank, "he by said. " this money will be Loaned to the citizens WHO COMPLETE want to build housing units and at the SAME time it will be Reassuring for citizens WHO COMPLETE buy land and then built later by vBulletin® the fund. " mentions Iraq suffers a from a severe housing crisis due to the growing number of iraq 's Population, as compared with the number of residential complexes, in Addition to the Inability of citizens with limited income from the construction of its own housing units Because of the high cost of land and construction materials.

[yota691]

Video Housing Fund launches new loans Initiative

Published on Jun 20, 2016

Eight hundred and fifty billion dinars, is the amount provided by the Central Bank of the Treasury Housing Fund for distribution as loans to build for the citizens in the new initiative launched by the Fund, summed up an award of up to fifty million dinars any citizen provided that Emtemlka residential land of no less an area of about a hundred meters as well as necessity of obtaining a building permit and the presence of an employee is guaranteed. 
in this context, said spokesman Bahaa Eddin Mustafa, General manager , Housing Fund: "Legge citizen offers him a piece of land and not less than 100 square meters and the construction of 65 meters and saw her we learn detecting and Nmsheelh treatment as soon as possible . " 
fund new housing initiative also includes a passage through which grants loans to citizens who wish to buy a property, provided that this property be calculated from within residential investment projects being built by the government. 
Bahaa El Din Moustafa , adds:" The new initiative omitted a paragraph granting citizens of loans for the purchase of residential units completed in investment projects. " 
He called the housing fund the government for the allocation of an annual fixed amount of housing loans, particularly in light of the country 's need to more than three million units. 

 

[yota691]

Construction lending citizens looking to buy residential units for investment projects mechanism

History of edits:: 22.6.2016 13:38 • 30 visits readable

{Baghdad: Euphrates News} examined the Ministry of Construction and Housing and Municipalities and Public Works, a mechanism for lending citizens to purchase housing units for investment projects mode.

According to a ministry statement, the agency {Euphrates News} received a copy of it, "Undersecretary Dara Hassan Rachid, chaired a meeting to develop suitable for adoption in lending to citizens registered for residential units for investment projects mechanism." 
The statement quoted the agent, saying that " the meeting included discussion of the mechanism on the application of the Iraqi housing Fund to the cabinet decision, containing the allocation of the Central Bank of Iraq five trillion dinars to various economic sectors, including the housing sector to revitalize and activate and advancement and therefore take these sectors active role in building the country and its development. " 
" We have been talking about the Fund Law and how to obtain the approvals to enable Fund in lending to citizens for the purchase of units under way in investment projects. " It is 
noteworthy that, the cabinet approved during its meeting on the 31 of last May, to launch a government loan to the sectors of housing, industry and agriculture form the amount of $ {6.5 trillion dinars} under axis economic reform and diversify and move from an economy Rei into a productive economy and the transformation of the economic system of the State of the consumer system to a multi - resource production system, according to what has been announced by the media spokesman of the Office of the Prime Minister Saad al - Hadithi. 
the central bank announced the third of June , and , receiving requests from wishing Atniv agricultural and industrial projects and housing, adding that the bank will distribute the $ five trillion dinars on the agricultural, industrial and housing banks are granting loans after the feasibility study projects that seek outlet for its creation. 
he said assistant general manager of statistics and research at the Bank of Alaa Abdel - Ghani, for {Euphrates News} " the lending initiative very excellent in a matter of economic downturn and blessed the move and supported the central bank governor on the Keywords idea, and stressed that the central banks 'implementation of this order to pump money agro - industrial and residential banks, and this initiative will be launched in the coming days has been receiving applications to grant loans for the implementation of industrial projects and agricultural and residential ".anthy

[yota691]

 

Housing Fund determines the next week, as the date for the launch of Form loans

 

Economy News / special source familiar with the APT Fund to select the final next week to apply for loans on the website of the Housing Fund forms.The source said in an interview for "Economy News", that will be published early next week, the electronic form of the loan of "50" million for the purchase of housing units for citizens. The source noted that the Form E contain personal information of the borrower and the conditions and the mechanism that can be submitted through them, also features a very simple terms of the most important guarantor not less than his salary for 950,000 dinars or guarantors in the event of one salary is not enough arrived ensure "promissory note" by The loan contract between the borrower and the complex investment. He said the first batch of the loan will be 60%, and when you see the bond completed the remaining amount which is the "40%," indicating that the form contains the sequence and the right for all Iraqis to apply for these loans and all provinces except Kurdistan region, but he also said that the loan amount is 50 million dinars Iraqis are entitled to the employee and the employee is rendering it. He explained that the practical measures within the Housing Fund for the completion of the transaction will take one month only, the fact that the health of the breasts and e Astgrkan two weeks or more, has Haina all the things and have reached a staff to take all measures to facilitate the registration process. AJ
Views 64   Date Added 06/29/2016 - 9:39   last updated 29/06/2016 - 12:23   No. Content 4145

[yota691]

Housing Fund called the electronic application form for loans

History of edits:: 07/03/2016 19:28 • 267 visits readable

{Baghdad} Euphrates News announced that the Ministry of Construction and Housing, the housing fund the launch of the electronic form to receive loans.

Said Deputy General Director of the Housing Fund Hussein threshold told {Euphrates News} Today, that "housing loans was launched on the website which is called {financing IQ} where they can dictate information on this site." 
He added that a "mechanism for loans made through a sponsor and sign {promissory note} present in the headquarters of the housing Fund where the citizen to sign it then the footprint and we support it . " 
He added that" the main conditions for a mechanism to get the housing loan to be Omar borrower ranges from {22 to 65} in terms of the right of all citizens staff or others dictate the free application form for the loan. " 
the Assistant General Director of the Housing Fund Hussein threshold had announced earlier that this week will see the opening of the website through which the pull apply for the loan forms. 
He said that" the first batch of the loan will be 60% , and when you see the bond completed the remaining amount which the {40%} , "noting that" the form containing the sequence and the right for all Iraqis to apply for these loans and from all provinces except the province of Kurdistan, "but he also said that" the amount of the loan is 50 million Iraqi dinars and are entitled for the employee and the employee is rendering it , "explaining that" practical measures within the Housing Fund for the completion of the transaction will take one month only, the fact that the health of the breasts and e Astgrkan two weeks or more ".anthy

[yota691]

Housing Fund illustrates the disbursement of loans to the beneficiaries mechanism

History of edits:: 07.10.2016 12:59 • 155 visits readable

{Baghdad} Euphrates News said Housing Fund, a mechanism to grant housing loans to the beneficiaries.

Hussein said threshold assistant general director of Housing Fund told {Euphrates News} " The mechanism includes go beneficial to the investor and the residential complex are contracted with the investor and then enter on the website of the Fund, financing {IQ}, and enters the information and fill in the form." 
He continued , "then pulls form and review the Fund, and signed by the notary in the Fund reached a credit {promissory note} and the support of the sponsor of the applicant circle, and this completes all the conditions, and after the technical committee of the residential complex graduated and confirmed the existence of a housing unit, then we call ratio of 40% and go to the investor and after receiving property support the exchange of 60% of the other. " 
said Housing Fund in an earlier launch of the website of the fund , which is called {financing IQ} where they can dictate information on this site , " the time, indicating that a "mechanism for loans made through a sponsor and sign { promissory note} present in the headquarters of the housing Fund where the citizen to sign it then the footprint and we support it . " 
He said the " most prominent terms of a mechanism to get the housing loan to be Omar borrower ranges from {22 to 65} in terms of the right of all citizens of the staff or others water free form for the loan ".anthy 1

[yota691]

Housing Fund reveals 2094 lending transactions during June

07/13/2016

 

 

BAGHDAD / JD / .. of the Ministry of Construction and Housing and Municipalities and Public Works announced that the Department of Housing Fund of the ministry completed the disclosure of 2094 lending treatment of residential units in Baghdad and the provinces during the month of June, according to the CBI initiative operations.

The ministry said in a statement received / JD / copy of it to the Department of Housing Fund of Iraq continues to detect the housing units in Baghdad and all the provinces in accordance with the Central Bank of Iraq Initiative operations, as it was preparing to Jean detected during the month of June in Baghdad 11 commission at a rate of 726 lending treatment, and in the provinces 12 commission at a rate of 1368 lending transaction, this is the total number of transactions exposed during last month's 2094 lending transaction. "

 He added that there is an easy mechanism that enables the citizen to enter the Iraqi Housing Fund website to see the stages of the process for holding the course of his treatment and where I arrived and this makes it easier for citizens bother to come to the headquarters of the fund and its branches in the provinces. "

The citizen can provide treatment and receive the loan through branches scattered in all the provinces of Iraq and the implementation of all measures, including the receipt of the instrument in the same province. / End / 22 / 

 

[yota691]

Motionless in the real estate market after the launch of home loans

 

 

7/17/2016 0:00   BAGHDAD - Farah pumice       guessed expert said the real estate market more «mobility» witnessing during the next term after the launch of home loans the government and went to carry out more investment projects in cooperation with international companies and the distribution ofland serviced among citizens. The  real estate market has seen during the last term recession due to lack of money in circulation in the markets and the fear of local investors in this area due to the fluctuation of prices. And see an expert in the field of real estate Saad Zidane to launch its home loans as possible to move the real estate market, as it would push prices downward due to an oversupply, which contributes to accelerating the citizens who Ictnzn money to buy real estate. The government launched last month , according to the central bank 's initiative Housing loans for the construction or renovation or purchase of housing units, as the value of the loan granted 50 million dinars at a very low interest rate. He Zidane «morning»: The «real estate market moves during the past few days, but it is the movement of « slow »with a firming in prices, but the distribution of land by the state will also contribute to the occurrence of a recovery in this important sector». Property and known as the «everything is fixed in place and can not be moved without damaging, any land, buildings and trees that relate to the ground contact decision, divided into two types: Property nature and property privatization». Zidane and said there were another important factor positively affect the market, which is the construction of housing complexes that investment will contribute to the saving of thousands of housing units in Baghdad  and the provinces.

[yota691]

Ages: high rate of issuance of building permits in Najaf coincided with housing loans

History of edits:: 07.19.2016 12:49 • 42 visits readable

{Baghdad} Euphrates News announced that the Ministry of Construction and Housing, municipalities, the high proportion of issuing construction licenses in the province of Najaf.

According to a ministry statement, the agency {Euphrates News} received a copy of it, that "simplification for issuing holiday construction procedures came in support of the citizens and that will reduce the red tape found while retaining the legal right to the Directorate over ownership and the ownership of residential land , " referring to the "382 vacation issuing building Najaf province during the first half of 2016 ". 
He called on citizens to" review the Court of Najaf Municipality Directorate for issuing a building in order not to be subjected to monitoring irregularities by the municipal departments during the construction period. " 
The statement pointed out that" the construction permits issued ranging from residential and commercial license , "pointing to" the high proportion of issuing licenses with the launch of new loans for the housing fund under the CBI initiative by the ministry. " It is 
noteworthy that, Najaf Municipality had issued 71 holiday building between residential and commercial holiday during the month of June past. 
the Assistant General Director of the Housing Fund Hussein threshold has announced that the opening of the website through which the pull apply for the loan forms. 
He said that " the first batch of the loan will be 60% , and when you see the bond completed the remaining amount which the {40%}" noting that " the form containing the sequence and the right for all Iraqis to apply for these loans and from all provinces except the province of Kurdistan," but he also said that " the amount of the loan is 50 million Iraqi dinars and are entitled to the employee and non -employee rendering it , " explaining that "practical measures within the Housing Fund for the completion of the transaction will take one month only, the fact that the health of the breasts and e Astgrkan two weeks or more ".anthy

[yota691]

Details of the treatment of the Land Bank loan .. monthly installment of 550 thousand dinars

07/26/2016

 

 

BAGHDAD / JD / .. obtained by economic dinars on the treatment of real estate bank loan and details of 50 million dinars within the government initiative to solve the housing crisis.

The general director of the Land Bank Khudair Abbas, in an interview with the agency / KD / economic: treatment begin when filling out the form published in the Real Estate Bank site via the Internet so as to prevent the administrative and financial corruption.

 He continued: The customer then print the form and submit it to the bank with the required documents and included, (Property roadmap and support the construction and installation of the map's borders and identity card and a certificate of Iraqi nationality with two pictures of student loan).

Abbas said: The Bank audited the information recorded on the form, and if the transaction were completed, the customer puts thumbprint on the form, and the date is set to reveal on the construction site.

He went on: go after a team from the bank to ensure the availability of the loan requirements, contained built-up area of not less than 65 m within a piece of land of not less than 100 m, on the face of independence or rumored, and then be notified of the borrower to book a property in the Land Registry (Tabu). 

He said bank manager: In the event arrived build a beneficiary to (veal) will give the bank the first installment of the loan, amounting to 25 million out of 50 million of the loan value, upon the arrival of the construction to the ceiling will be presented the second installment, noting that there are ongoing account will be opened in the bank worth 100 dinars to settle some of the benefits.

Abbas stressed that the loans granted to build or add to the construction or purchase of housing units within the investment facilities built by the government, noting that the value of the loan interest amounting to 3%, and benefits The delay of up to 12%. 

He noted that the loan is 10 years' imprisonment, and payment is made in monthly installments do not exceed 550,000 dinars, adding that the bank does not require a reservation salary, and can be paid off or beneficiary customer premiums directly per month, or gives career title for the deduction if desired so. 

And between Abbas it had been canceled condition the availability of building a vacation and sponsor in applying for a mortgage loan.

As if on building, said bank manager: must be the area to be constructed no less and no more than 65 m, and are available the same conditions that I mentioned in the student loan, and there is a custom field to add construction in electronic form, which fills, noting that the period which is estimated for the completion of the transaction could reach nearly a month.

As for the purchase of residential investment units by the government, bank manager revealed a mechanism submitted to the Prime Minister's Office, has been preliminary approval and waiting to be activated soon. 

And it includes a mechanism the customer review national investment offices in the Baghdad International Fair for the sale of residential apartments to the citizens and that the first installment of 10% of the value of the apartment to pay and remain flat in the warehouse Investment Department, for its part the bank pays on behalf of the customer amount to the investment company and turn ownership or mortgage the apartment to the Land Bank after Takuillena payment instrument on his behalf and the payment is made to the bank. / End / 22 / 

[yota691]

06-08-2016 03:39 PM

Distribution of 1000 instrument within the Housing Fund loans to citizens residing within

 

 

 

Aldioanah, province distributed today Sbt, approximately 1000 instrument within the Housing Fund of the citizens residing within loans. 

The fund manager said Alascan, that ' the number oftransactions approximately 1500 treatment was done in 1000 instrument which was distributed today a transaction t completed during Chehr, The rest Vstndz during the coming period 
and as soon time '. 

the Odhav, that' the distribution of this meal will contribute to addressing the housing problem and will work to move the market. " 

He stressed that ' the fund is still going on tocomplete the rest of the transaction and continue toreceive citizens ' transactions'.

[yota691]

 

Departments of Diwaniyah and discuss the distribution of housing fund loans to eligible

Housing Fund distributes eight billion dinars, the first of the loans to the beneficiaries in Diwaniya meal

 

Author: the TZ 
Editor: BK 08/06/2016 22:03 Number ofViews: 185 
 

 

Long-Presse / Diwaniya

Announced the housing fund in the Ministry of Construction and municipalities, on Saturday, for the distribution of eight billion dinars to 500 borrowers in Diwaniya out 42 billion dedicated to the province, noting that the CBI was allocated 850 billion dinars for distribution to the provinces, while maintaining the management promised that it contributes move semi-paralyzed economic activity in which the provision of liquidity in the markets.

The Director-General of the Fund, Bahaa Eddin Mustafa, in an interview to the (long-Presse), "The Diwaniya management and distributed today 500 instrument worth eight billion dinars, the borrowers to maintain, (180 km south of Baghdad," adding that "the fund allocated for Diwaniya 42 billion dinars for the year 2016 to the current support in light of the financial crisis being experienced. "

Mustafa added that "the Iraqi Central Bank allocated to fund 850 billion dinars to be distributed as loans to eligible boiling in the provinces," noting that "the payments will be distributed successively on borrowers who have completed the administrative and legal procedures of their own."

For his part, the governor of Diwaniyah, Sami al-Hasnawi, in an interview to the (long-Presse), "The Housing Fund's commitment to provide loans to citizens is a positive step, contributing to some extent by moving semi-paralyzed economic activity in the province, and providing liquidity in the markets," asserting that "Diwaniya suffer from a lack of funds for non-receipt of the budget allocated to the development of the regions, and the lack of additional resources that can contribute to save them from poverty amounts."

Diwaniya is suffering from a severe economic crisis due to government austerity and the lack of sources of oil and finance and tourism border, and the scarcity of employment opportunities, which led to higher rates of poverty where 43 percent according to the latest Ministry of Planning and Statistics.

[yota691]

real estate Bank

Real Estate Bank to stop granting loans for "lack of liquidity"

 

Author: HH 
Editor: HH 07/08/2016 13:54 Number ofViews: 408 
 

 

Long-Presse / Baghdad

A source in the Real Estate Bank, on Sunday, that the Bank's management decided to suspend the granting of loans to citizens transactions until further notice, while attributing the cause to "lack of liquidity".

The source said in an interview with (long-Presse), "The Land Bank management decided to suspend the granting of loans to citizens operations until further notice."

He attributed the source, who asked not to be named, the reasons for the decision to "the lack of liquidity available to the bank."

The mortgage bank in the announced (19 July 2016), that there are mechanisms adopted by the bank for the disbursement of the loan for citizens up to 50 million dinars, and among the interest on the loan amounting to 3% and the duration of up to 10 years without a sponsor and vacation building, he stressed convert any employees paid bribes of citizens to justice and the abolition of the treatment of the loan in full.

Real Estate Bank of Iraq is a State-owned banks, was founded in Baghdad in 1948, and has a number of branches in the capital and the provinces, and the Real Estate Bank role in the task of the advancement of civilization and urbanization of the country and solving the housing crisis, it is the only party responsible for the support of the citizens and their lending to the construction of their own residential role of soft interest and achieve a stable policy in stimulating the physical movement in the country.

 

[gregp]

I like it!!

[TennesseeCherokee]

Thanks Yota, for all these articles r/t housing. This is all great but realistically, how many Iraqi's can currently afford to take out a loan?

A loan requires that you have a job or other income coming in, to make monthly payments.

Right now, unemployment is astronomical in Iraq. The politicians have been told & shown how to move Iraq forward, many, many times, but they fail to act. They were told to initiate the HCL. This will provide each citizen with a guaranteed income from now, onward. 

 

[DoD]

The best part of the article is "Lack of Liquidity". When a state owned bank has no liquidity to make a loan, how do they exactly make any money????? Love it 

[Synopsis]

4 hours ago, TennesseeCherokee said:

Thanks Yota, for all these articles r/t housing. This is all great but realistically, how many Iraqi's can currently afford to take out a loan?

A loan requires that you have a job or other income coming in, to make monthly payments.

Right now, unemployment is astronomical in Iraq. The politicians have been told & shown how to move Iraq forward, many, many times, but they fail to act. They were told to initiate the HCL. This will provide each citizen with a guaranteed income from now, onward. 

 

I agree with you, TenneseeCherokee.  In my opinion, how could the average Iraqi citizen get a loan of 50 million IQD (nominally $50,000) if they do not have sufficient income (nominally $5,000 per year)?  I was thinking the loan rollout was timed with the Iraqi citizen getting a substantial fixed income to service the loan.

http://www.tradingeconomics.com/iraq/gdp-per-capita

In my opinion, the loan rollout is contingent upon the HCL implementation, the Iraqi citizen has access to the banking system, and the banking system is all electronic connected to the international banking system utilizing international standards.

[yota691]

Rasheed: 53 billion dinars for housing loans

 

 

8/16/2016 0:00   BAGHDAD Shokran Fatlawi  play bank loans, role in increasing economic activity and moving the national economy through money borrowed to invest and employ them in projects that serve the country 's economy in the various agricultural sectors, industrial and service and not fully rely on Rei , one supplier exhibition burnout ".bhzh ferry began expert financial Fawzia Sharhan Kaabi, her "morning" and that it promised to micro, small and medium financed through bank loans projects, the mission and the player the major role in the economic development process, pointing at the same time it is an important source of job creation, especially among young people and a means task to run manpower and eliminate the problem of unemployment accompanied by the support of income, particularly in the country 's current conditions.   it said al - Kaabi said the move comes to coincide with what appropriated the Central Bank of the amount of six trillion five hundred billion dinars in order to achieve the government 's plan to restructure Iraq 's economy and moving it from unilateral economic side to productive economy, and for various industrial, agricultural and housing and services sectors, service to the process of economic development and the disposal of the economic downturn Alsaidh.uadt enterprise development phase, the sinews of economic important to the magnitude of the supplement to the revenues the state and revive the economy through taxes and fees , calling at the same time the need to strengthen the role of financial control by the central bank and by the committees fair interest of public money .opent that the bank is working to overcome obstacles to the beneficiaries by giving them allow three - month period and the period of repayment of 3-2 years at an interest rate not to exceed 10 percent in order to move the wheel of the local economy and get rid of the case   recession.  In terms of projects , housing loans , said Kaabi , which occupies the post of director of Sumer neighborhood of the Rasheed Bank branch: devoted to the roof of credit of 35 billion dinars for the Rasheed Bank that gives $ 50 million, for a student loan as an addition to build or to support the land in order to the advancement of the housing sector and reduce the housing crisis that the country has suffered for over three decades  in a  row.  the central bank had allocated trillion dinars for private banks, and 5 trillion   dinars for banks (agricultural, industrial and government real estate) to lend to small business owners, after the adoption of instructions governing the work of guaranteed bank loans companies according to government and programs prepared by the central bank controls.  and on the introduction of the electronic currency trading, al - Kaabi said it was working to raise the level of performance in providing services to clients as well as reduced operational costs for banks over the disposal of the prevailing traditional methods accompanied by reduced monetary mass circulating in the trading business and reduce fraud Alamlh.oualeman to the presence of features for the dealer and the consumer and the bank both by the use of electronic currency through ease of use and reduce theft ,concluding her speech the need for the action plan 2016 2020 calling for the need to work the electronic banking for banks and financial institutions technology.

[yota691]

 

Mortgage loans next month 

8/22/2016 0:00  Ranging from 20-40 million to spend on housing crisis  BAGHDAD - Ahmed Abed Rabbo Select Real Estate Bank early next month, the date for the receipt of private citizens 'requests to grant loans at a simple interest and new mechanisms work.  According to the bank manager Khudair Abbas , in a statement »Sabah», the mortgages came within the central bank lending to the bank that exceeded the 800 billion dinars Initiative . the  central bank launched last August an initiative to support agricultural, industrial and real estate sector banks and fund housing loans amounting to five trillion dinars, while counting Economists this initiative « a good step» to revive the economic situation in the country, in addition to providing job opportunities for young people.  He said Abbas, that the bank will begin granting loans according to a new mechanism of cooperation with the Central Bank, adding that the loan granted in the center of the province will be worth 40 million dinars, in what would be in the districts of 30 million and 20 million dinars in the respects, an interest rate not to exceed 3 percent and the duration of repayment of up to 10 years.   the management of the bank have all but stopped during the last term loans to citizens due to lack of liquidity.  He said bank manager to seek to facilitate the completion of transactions of the citizens and the reduction of red tape, calling wanting to get a loan to visit bank branches across the provinces in order to see the instructions, warning at the same time to deal with any intermediaries.   the real Estate Bank , a State - owned banks, as it was founded in Baghdad in 1948, and has a number of branches in the capital and the provinces, and the real Estate Bank played an important role in the advancement of civilization and urbanization of the country and solving the housing crisis, he is the most prominent government bodies responsible for support of the citizens and their lending to the construction of their own residential role of soft interest and achieve stable activate the physical movement in the country 's policy.

[yota691]

Launch mortgages early next month

By sd sd -

August 22, 2016

  

 

Real Estate Bank announced on Monday, the identification of the beginning of the month in September as the date for receipt of requests for private citizens to grant loans at a simple interest and new mechanisms of action.

The bank manager said Khudair Abbas, in a statement carried by the official newspaper "Sabah" and seen by / Treasures Media /, said that "real estate loans came within the central bank lending to the bank that exceeded the 800 billion dinars initiative."

Abbas said, "The bank will begin granting loans according to a new mechanism of cooperation with the Central Bank," adding that "the loan granted in the center of the province will be worth 40 million dinars, in what would be in the districts of 30 million and 20 million dinars in the respects, an interest rate not to exceed The 3 percent and the duration of repayment of up to 10 years. "

He said bank manager to "seek to facilitate the completion of transactions of the citizens and the reduction of red tape," calling wanting to get a loan to "visit bank branches across the provinces in order to see the instructions, warning at the same time to deal with any intermediaries."

Real Estate Bank is a State-owned banks, as it was founded in Baghdad in 1948, and has a number of branches in the capital and the provinces, and the Real Estate Bank played an important role in the advancement of civilization and urbanization of the country and solving the housing crisis, he is the most prominent government agencies responsible for the support of the citizens and their lending to the construction of their own residential buildings interest soft and achieve stable activate the physical movement in the country's policy.

[unirod]

On 6/5/2016 at 5:46 AM, yota691 said:

Reconstruction issued instructions for individual lending for citizens of the Housing Fund

History of edits:: 6/5/2016 15:22 • 100 visits readable

{Baghdad} Euphrates News announced that the Ministry of Construction and Housing and public municipalities, for individual lending instructions given by the Iraqi Housing Fund formations one ministry to the citizens for the purpose of building under construction Awadhavh CBI initiative included lending to fund the amount of 850 billion dinars.

And transfer to a ministry statement received by the agency {Euphrates News} a copy of it today , Director General of the Department of Housing Fund Iraqi spokesman Bahaa Eddin said he was "pursuant to instructions issued by the Fund for the loan that was selected for no longer than about 50 million dinars for each lending the event, which will include all Iraqi citizens who between the ages of 22 and 65 years except for the Kurdistan region, and does not include agricultural and industrial land. " 
he noted that" the loan is granted for the purpose of construction or adding building who owns a piece of residential land on the face of independence or rumored to have not less than 100 square meters and a building area of not less than 65 m 2, and will pay a two - stage 40% for Albadlo {veal} and 60% for stage finishes, or 60% of the roofing stage and 40% for the completion of terminations on that Aymanh loan at once stage. 
confirmed the instruction according Bahauddin that "the beneficiary to provide guarantor guarantor or more of civil servants Aldaimyin or employees of the Ministry of Interior officer or above on half salary nominal cover the monthly premium amount, also bears the borrower 's wages administrative services of 1% of the loan amount taken one - time for the first batch and 2% Exchange annual and special interest for the Central Bank Iraqi. " 
He continued , " and identified instruction time between the first Akoshvin and second that no more than six months, otherwise forfeits his right to claim the second installment, indicating that the borrower bears the wages of detecting the amount of 60,000 dinars each time, and that the loan repayment period is 10 years. " 
and" includes loan citizens who took the initiative to get him a written request, as could include former borrowers who did not receive full payments initiative by submitting a written request for the purpose of including them in the initiative that the same as the previous amount depends maximum {35} million of the capital Baghdad , and {30} million for the rest of the provinces to continue to work Fund terms of payments received and the same duration {15} years and dependent mechanism and the new conditions of the sums lent under the initiative. " 
he noted that" according to the instructions issued by the Fund, should the citizens who wish to obtain a loan to provide support land of talk does not go by the more than 6 months and vacation building in force does not go on for more than three certified years and map modern border install does not go out more than 3 months and map building certified, as well as to make a formal ensure that the civil servant or member of the Interior officer above and archives profile of the borrower and the guarantor . " . 
he pointed out that "it is hoped the launch of direct loans to citizens early next month , " .anthy

The text I tried to highlight is the establishing of private property rights. This has been a problem in Iraq as there has been no recorded property rights within their system in their history other than rumor or assumption of ownership. We have a record or Deed of ownership for which a loan can be issued. I remember in articles some time ago that until Iraq as a society can establish private property rights it would be very difficult for loans to be issued to anyone for residential or commercial purposes. Maybe they have solved this problem?

 

 

 

 

[yota691]

Parliamentary Finance: the distribution of land among the poor and the needy and give them loans

 

 

8/23/2016 0:00   BAGHDAD - Muhannad Abdul Wahab   ended Committee of the housing crisis in the House of Representatives to develop a proposal PAH law after holding a series of meetings, noting that the law guarantees the distribution of plots among the «poor and needy» and give them loans for the construction of residential buildings, at the time called the parliamentary Finance Committee to use the experiences of the neighboring countries to solve the housing crisis deepening in the country.  Iraq has suffered a crisis in housing worsened unity after 2003, prompting many citizens to live in slums in the majority of provinces, at a time when rent houses and apartments continue to rise, especially after the control of the organization Daesh terrorist many provinces and the accompanying exodus to safe areas operations.  the House of Representatives, voted in February, on the formation of a committee to prepare a law dealing with the housing crisis in  the  country.  she said the parliamentary finance committee member Majda al - Tamimi in a statement to «morning»: the «Iraq is passing through a severe crisis of housing due to high prices and the lack of real investment for the country», calling at the same time to the Commission the housing crisis in the parliament to «use of the experiences of near Iraq states, such as Jordan, which is to the investor a certain residential project, dealing with the bank while handles the bank with the citizen and be a liaison bank   between them ».  she Tamimi, that« this measure does not cost the state any payments, and be easy for the simple that the citizen Estmlk housing simply », adding that« there are some corrupt blocked, solve the housing problem , which led to turning this crisis , a humanitarian catastrophe ».   They pointed out,« the importance that there be laws guaranteeing the functioning of the housing process is programmer and under the protection of regulators, including guaranteed by the Constitution to every citizen   Iraqis ».  Meanwhile , the head of the committee to resolve the crisis of parliamentary housing, Abd al - Hadi al - Hakim, in a press statement: «Committee hosted the last meeting of representatives of ministers, agents and representatives of the ministries concerned and the Central Bank and national Authority for investment and national business Council, as well as members of the committee of economy and investment parliamentary Finance Committee and the Committee of parliamentary services and members of the House of representatives».  the MP pointed Hakim that «members after extensive discussions to discuss ways to address the housing crisis, stop the meeting to put forward the construction of residential complexes project and the low cost and with the support of donor countries to the presence of the ability to complete the housing projects for the poor and the needy and the owners of the squatter and contribute to solving a big part of this problem».  the statement added that « the Commission has reached to draft a (PAH Act), which in turn will be submitted to the government for approval before the legislation in the House of Representatives to vote him», «he said , adding that« the draft law provides for the distribution of pieces of land free of charge for building houses or apartments the poor and needy and squatters while providing loans to beneficiaries of the banks repay affordable installments over a 30- 25 years without benefits, and the government shall pay interest on the loan   for banks ».

 

[yota691]

Real Estate Bank unveils new instructions to loans: presentation exceeded the credit plan

 

 

Economy News / Agencies ...   It revealed the Land Bank management, new instructions to ensure the seriousness of borrowers implementation of their obligations, and as pointed out received more than ten thousand demand for loans, confirmed that the presentation exceeded the credit plan that has been prepared. He said in the Land Bank director Khudair Abbas, said the Council of Ministers issued several instructions on lending to citizens in order to increase guarantees to ensure the seriousness of the borrower's implementation of its commitments, "noting that" the bank received ten thousand and one hundred request for a loan, "noting that" these requests need to twenty thousand detection process and 50 000-hour check requires considerable time to complete the transaction and after the resumption of the loan will be. " Abbas said "the bank said adding two conditions are the construction and guarantor leave for the loan because of the large number of applicants and to increase the filtering for applicants," noting that "the bank identified its loan to terms with 20 1,000,030 million spend 40 million to the center of the province and these amounts are subject to the discretion of the Land Registry."  For her part, the Director of Credit Department Suhair Abdul Hamid said the huge number of applicants exceeded Altzlavih plan, which forced us to stop the electronic form only in the provinces of Diwaniya, Kirkuk and Babylon. " R
Views 58   Date Added 25/08/2016 - 11:19   Last updated 25/08/2016 - 12:53   No. Content 4917

[yota691]

75 million construction loan for employees

 

 

8/28/2016 0:00   BAGHDAD - morning Rasheed Bank decided to include government employees with a loan to build $ 75 million maximum. This was announced for the morning {} Director General of the Bank 's Board and Chairman Dr. Rashad Khudair Wahid, adding that «this decision was made in order to contribute to solving part of the housing crisis faced by the citizen». Wahid pointed to «the directive includes only minimum construction area of about 70 square meters duration of repayment of 20 years and interest rate of 7 percent», adding that « the granting of the loan will be in accordance with the three equal installments, as it includes instruction rehabilitation, restoration and construction applications, according to the Commission disclosure report».  As He stressed that «FAQ include employees who have not benefited from any housing loan Last».