Al-Rafidain Bank gives Iraqis building loans

[yota691]

Al-Rafidain Bank gives Iraqis building loans

Rafidain Bank in Iraq

 27 August 2020 12:29 PM

Mubasher: Al-Rafidain Bank in Iraq announced today, Thursday, that it will grant loans worth 50 million dinars to citizens for the purpose of construction.

 

The media office of the bank said to the Iraqi News Agency "INA": "It was decided to grant 50 million dinars to the citizen to build on a residential plot of land in his name, in terms of independence or with a common name."

He pointed out that "this comes under a newly issued document provided with confirmation from the competent real estate registration department and the validity of the bond issuance to be mortgaged in favor of the bank."

He pointed out that "the bank stipulated submitting a map and building permit in the name of the borrower who wishes to build on the plot of land."

[Flamtap]

I wonder what the 'terms of the loans' are. 

[horsesoldier]

3 hours ago, Flamtap said:

I wonder what the 'terms of the loans' are. 

 

Theres sure to be a “ Goat Clause “ Camel 🐪 Horse 🐎 or such, included. 

Edited August 27, 2020 by horsesoldier

[3n1]

2 hours ago, horsesoldier said:

 

Theres sure to be a “ Goat Clause “ Camel 🐪 Horse 🐎 or such, included. 

 

they do love their animals ... in a special kinda way 🤩

[Longtimelurker]

Would this be considered part of article 140?

[Donziman]

Just wondering if these are the normal type of loans made to politicians

that never seem to get paid back.

[3n1]

that would be 41,892.02 usd , i agree Flamtrap the loan terms and conditions would be interesting to know 

[nannab]

Unfortunately no LTL Article 140 in the Iraqi Constitution involves disputed land which is part 

 of Kurdistan, Kirkuk ,Diyala , Anbar and one other town I think.  

 

23 minutes ago, Longtimelurker said:

Would this be considered part of article 140?

 

 

 

 

[Adam Montana]

5 hours ago, nannab said:

Unfortunately no LTL Article 140 in the Iraqi Constitution involves disputed land which is part 

 of Kurdistan, Kirkuk ,Diyala , Anbar and one other town I think.  

 

 

 

 

 

 

I'm impressed! If we ever had a "pop quiz", I'm putting money on you