A government bank launches a property purchase service for employees by 150 million dinars

[Mary B]

A government bank launches a property purchase service for employees by 150 million dinars

2020-10-27 | 07:31

 

 

 

The government, Al-Nahrain Islamic Bank, announced, on Tuesday, the launch of a property purchase service for citizens whose salaries are exclusively with the bank, at a rate of 150 million dinars.

The bank said in a statement that Alsumaria News received a copy of, that "a service for buying a property for a citizen has been launched with their salaries at the bank exclusively at a rate of 150 million dinars," indicating that "the controls of the property purchase service for a citizen whose salaries at the bank include the maximum amount of financing 150 million dinars, and The maximum repayment period is 20 years.

The bank added, "The amount of profit is 3% annually, and financing may not be granted for cases of sale between husband and wife. The

bank indicated that," It does not require the submission of a guarantor if the amount of financing is less than (40) forty million dinars, either in the case of an increase in the amount. And up to (75) requires the submission of one guarantor and is required to provide two guarantors in case the amount exceeds (75) and up to (150). "

https://www.alsumaria.tv/news/اقتصاد/362437/مصرف-حكومي-يطلق-خدمة-شراء-العقار-للموظفين-بواقع-15

[Mary B]

A government bank launches a property purchase service for employees by 150 million dinars

• TUESDAY, 10-27-2020, PM 4:31
•  
• KARRAR AL-ASADI

---

http://non14.net/public/images/large/8-1603805470.jpg

The government, Al-Nahrain Islamic Bank, announced, on Tuesday, the launch of a property purchase service for citizens whose salaries are exclusively with the bank, at a rate of 150 million dinars.

The bank said in a statement, that "the service of buying a property for a citizen has been launched with their salaries at the bank exclusively at a rate of 150 million dinars," indicating that "the controls for the service of buying a property for a citizen, their salaries with the bank include that the maximum amount of financing is 150 million dinars, and that the maximum payment period is 20 years." ".

The bank added, "The amount of profit is 3% annually, and financing may not be granted for cases of sale between husband and wife."

The bank indicated, "It does not require the submission of a guarantor if the amount of the financing is less than (40) forty million dinars, either in the case of an increase in the amount from that and up to (75), it requires the submission of one guarantor and demands the provision of two guarantors in the event that the amount exceeds (75) and up to ( 150) ".

http://non14.net/public/129483

[screwball]

150,000sounds about right