yota691 Posted August 14, 2018 Report Share Posted August 14, 2018 The Iraqi Trade Bank launches soft loans Date of release: 2018/8/14 11:39 • 194 times read [INA-BAGHDAD] The Iraqi Trade Bank has launched study loans with soft benefits. "In support of our dear students who wish to complete their undergraduate or higher studies at their own expense in Iraqi public or private universities, who are required to pay tuition fees, the Bank of Iraq offers them soft loans," the bank said in a statement. The bank has set out several conditions for applying for the loan: 1. The application for these loans begins before the beginning of each academic year or before the commencement of higher studies. 2. For students of undergraduate studies, the amount of the loan is from [2] million dinars to [12] twelve million dinars, covering the tuition fees in the college or the department concerned for one academic year, at a rate of 4% [four percent] per annum and repayment period of the loan The loan may be renewed for a subsequent academic year after the student successfully passed the previous school year and paid the loan granted to him for the previous school year without delay. 3. For students of postgraduate studies, the loan amount ranges from [2] million dinars to [15] fifteen million dinars, which covers tuition fees in the college or department concerned and for the period required to complete the student for his higher education. The same period is the repayment period of the loan starting from the month following the grant date, during which the loan and interest will be paid in monthly installments equal to 4% [4%] per annum. 4. The loan is secured by a civil servant who covers half of his / her monthly salary, minus the monthly deductions, the monthly installment of the loan and its interest. 5 - The loan is organized under an asset contract between the bank and the student borrower and his sponsor. 6. The loan will be submitted under an electronic form prepared by the bank specifically for this purpose. 7 - The bank provides outstanding students and outstanding and early on to their universities or colleges or departments and who have received loans from the study, and after obtaining the university degrees or primary education of their academic relationship with the banking opportunities for appointment in the bank. 8 - This product is subject to the instructions of the bank and its conditions and prices and updated. 4 Quote Link to comment Share on other sites More sharing options...
ONOCHE Posted August 14, 2018 Report Share Posted August 14, 2018 Did I missed something here? Are they really talking Dinars here, not Dollars? Maybe I can lend them my Dinars. might as well makes money while hoping what I have will be fruitful someday. Quote Link to comment Share on other sites More sharing options...
jeepguy Posted August 14, 2018 Report Share Posted August 14, 2018 loan every one millions , at the 1180 per value --- then raise the value of the dinar too 3.oo too 1 will it take longer too payoff the loan or will it still be the same ---- most likely will stay the same as the re-value will or is not suppose too effect the interior of Iraq ! we shall see Quote Link to comment Share on other sites More sharing options...
yota691 Posted August 15, 2018 Author Report Share Posted August 15, 2018 The Iraqi Commercial Bank Launches Soft Loans For Students Last updated 14/08/2018 2, 600 Baghdad - conscious The Iraqi Trade Bank (BTI) on Tuesday launched study loans with soft interest. "In support of the bank to our dear students who wish to complete their university or higher studies at their own expense, the bank has decided to grant study loans with soft benefits," the bank said in a statement received by the bank. 2 Quote Link to comment Share on other sites More sharing options...
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