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The application for the borrower to the relevant bank borrowings and fund housing attached to the priorities of the project and its location and vacation property and place it
9/8/15
The new evidence published industrial, agricultural and housing lending mechanism .. (CBI loan program for the year 2015)
First: General Conditions
1. be granted a loan from the central bank for each specialist Bank (agricultural, industrial, real estate, and housing fund) for a period of five years, including a grace period for a period of 6 months, extendable to five years with the approval of the Central Bank at the request of the bank borrower or the Fund.
2. The amounts distributed to banks and housing fund according to the following percentages: -
- 33% Industrial Bank.
- 33% of the Agricultural Bank.
- 17% Real Estate Bank.
- 17% of the housing fund.
3. banks ask the Central Bank of Iraq converter allocated to them in the form of payments as needed amounts.
4. open a current account for each bank to the Central Bank of Iraq in this special loan under the name of (the central bank loan account) under a contract with the Central Bank and Ministry of Finance to ensure the banks mentioned Fund.
5. All borrowers to provide a comprehensive document for the project to secure the window while the payment of the last installment of the loan.
6. Classification of projects covered by this loan in the specialized banks to the following: -
(A) small projects and lend a higher limit (500) five hundred million dinars.
(B) medium-sized enterprises and higher lending limit (3) three billion dinars.
(C) large agricultural and industrial projects and lend increased to about three (3) billion dinars provided it does not exceed the upper limit of twenty (20) billion dinars.
D - may be granted loans for agricultural and industrial large economically viable projects, up from the upper limit of twenty (20) billion dinars after taking approvals from the Economic Committee of the Council of Ministers or proposed by the lender.
7. These loans are distributed to the provinces according to population ratios and rates of poverty, and as needed.
Second, lending mechanisms
1. Bank allocates the appropriate amounts of borrowed funds for small and medium-sized enterprises and large according to the needs of each province and in coordination with the Directorate General of Industrial Development at the Ministry of Industry for industrial loans and the Department of Planning and Follow-up in the Ministry of Agriculture for agricultural loans.
2. You must be an Iraqi student loan company or a natural person and an Iraqi aged 22 years and over and full eligibility.
3. loans to meet acceptable collateral granted under domestic laws and regulations for each bank and as stated in paragraph (Cool later.
4. be interest on the loans granted by banks and specialized housing fund for projects by 4% annually.
5. A / be the length of the loan depending on what is included in the economic submitted feasibility by the borrower that does not exceed the term of the loan (5) years for industrial and agricultural loans and can increase the life of the loan by the lender to up period to 10 years and with the approval of the Central Bank.
B / The duration of mortgage loans to citizens according to the regulations and directives adopted by the Land Bank and the Housing Fund that does not exceed the term of the loan (5) years and can increase the length of the loan term up to 10 years and with the approval of the Central Bank.
6. In the case of the reluctance of the borrower to repay the loan amount imposed on the borrower benefits Tojerih window FAQ by each bank and the Fund.
7. allocate the proportion of the benefits accruing for each bank and fund this program as rewards for employees to support the program and those determined by the Board of Directors of each bank and the fund, according to objective criteria.
8. borrower submits a request to the concerned bank borrowings and fund housing attached to the priorities of the project and its location and vacation property and place it and its kind and nature of the project ... etc.
The requirements are divided according to the type of project;
A. (industrial and agricultural project): a feasibility study of a competent authority and verified bank demand and the completion of its requirements and must be enabled to work one window to complete the procedures no later than one month.
B - housing projects (the Land Bank and the Housing Fund): by lending procedures to secure guarantees and exchange with the introduction of the single window to facilitate the achievement and the lending units of housing for the citizens and not exclusively the housing investment projects.
(C) the bank to start giving approval within a period of 15 days if the prerogative of the Director General and (30) days if the validity of the Board of Directors at the completion of all the requirements of the loan.
ھ- disposal of loan amounts in cash to borrowers (the Land Bank and the Housing Fund) only provides collateral for open credits for purposes of production lines for the processing factories and equipment for agricultural projects in accordance with the foreign exchange rate set by the Central Bank according to the following mechanism: -
- The borrower provides the necessary guarantees 50% of the credit value (real estate, banking) and another 50% are covered to ensure the same project.
- Dependence for the manufacturer of the equipment may not be open exclusively to the opening credits and intermediate destinations.
- Provide shipping documents in the name of industrial or agricultural bank is not the clearance of goods without the approval of the two banks listed above and that they would stamp the bills of lading and other documents.
Third: powers
1. be granted the loan limit the amount of 500 million dinars from the prerogative of the Director General after the transaction legal and accounting aspects are met within a period of 15 fifteen days.
2. Mazad on the amount of 500 million dinars will be the prerogative of the Board of Directors and shall be referred to the Ministry in the Council Meeting Minutes and according to the law.
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9/8/15
The new evidence published industrial, agricultural and housing lending mechanism .. (CBI loan program for the year 2015)
First: General Conditions
1. be granted a loan from the central bank for each specialist Bank (agricultural, industrial, real estate, and housing fund) for a period of five years, including a grace period for a period of 6 months, extendable to five years with the approval of the Central Bank at the request of the bank borrower or the Fund.
2. The amounts distributed to banks and housing fund according to the following percentages: -
- 33% Industrial Bank.
- 33% of the Agricultural Bank.
- 17% Real Estate Bank.
- 17% of the housing fund.
3. banks ask the Central Bank of Iraq converter allocated to them in the form of payments as needed amounts.
4. open a current account for each bank to the Central Bank of Iraq in this special loan under the name of (the central bank loan account) under a contract with the Central Bank and Ministry of Finance to ensure the banks mentioned Fund.
5. All borrowers to provide a comprehensive document for the project to secure the window while the payment of the last installment of the loan.
6. Classification of projects covered by this loan in the specialized banks to the following: -
(A) small projects and lend a higher limit (500) five hundred million dinars.
(B) medium-sized enterprises and higher lending limit (3) three billion dinars.
(C) large agricultural and industrial projects and lend increased to about three (3) billion dinars provided it does not exceed the upper limit of twenty (20) billion dinars.
D - may be granted loans for agricultural and industrial large economically viable projects, up from the upper limit of twenty (20) billion dinars after taking approvals from the Economic Committee of the Council of Ministers or proposed by the lender.
7. These loans are distributed to the provinces according to population ratios and rates of poverty, and as needed.
Second, lending mechanisms
1. Bank allocates the appropriate amounts of borrowed funds for small and medium-sized enterprises and large according to the needs of each province and in coordination with the Directorate General of Industrial Development at the Ministry of Industry for industrial loans and the Department of Planning and Follow-up in the Ministry of Agriculture for agricultural loans.
2. You must be an Iraqi student loan company or a natural person and an Iraqi aged 22 years and over and full eligibility.
3. loans to meet acceptable collateral granted under domestic laws and regulations for each bank and as stated in paragraph (Cool later.
4. be interest on the loans granted by banks and specialized housing fund for projects by 4% annually.
5. A / be the length of the loan depending on what is included in the economic submitted feasibility by the borrower that does not exceed the term of the loan (5) years for industrial and agricultural loans and can increase the life of the loan by the lender to up period to 10 years and with the approval of the Central Bank.
B / The duration of mortgage loans to citizens according to the regulations and directives adopted by the Land Bank and the Housing Fund that does not exceed the term of the loan (5) years and can increase the length of the loan term up to 10 years and with the approval of the Central Bank.
6. In the case of the reluctance of the borrower to repay the loan amount imposed on the borrower benefits Tojerih window FAQ by each bank and the Fund.
7. allocate the proportion of the benefits accruing for each bank and fund this program as rewards for employees to support the program and those determined by the Board of Directors of each bank and the fund, according to objective criteria.
8. borrower submits a request to the concerned bank borrowings and fund housing attached to the priorities of the project and its location and vacation property and place it and its kind and nature of the project ... etc.
The requirements are divided according to the type of project;
A. (industrial and agricultural project): a feasibility study of a competent authority and verified bank demand and the completion of its requirements and must be enabled to work one window to complete the procedures no later than one month.
B - housing projects (the Land Bank and the Housing Fund): by lending procedures to secure guarantees and exchange with the introduction of the single window to facilitate the achievement and the lending units of housing for the citizens and not exclusively the housing investment projects.
(C) the bank to start giving approval within a period of 15 days if the prerogative of the Director General and (30) days if the validity of the Board of Directors at the completion of all the requirements of the loan.
ھ- disposal of loan amounts in cash to borrowers (the Land Bank and the Housing Fund) only provides collateral for open credits for purposes of production lines for the processing factories and equipment for agricultural projects in accordance with the foreign exchange rate set by the Central Bank according to the following mechanism: -
- The borrower provides the necessary guarantees 50% of the credit value (real estate, banking) and another 50% are covered to ensure the same project.
- Dependence for the manufacturer of the equipment may not be open exclusively to the opening credits and intermediate destinations.
- Provide shipping documents in the name of industrial or agricultural bank is not the clearance of goods without the approval of the two banks listed above and that they would stamp the bills of lading and other documents.
Third: powers
1. be granted the loan limit the amount of 500 million dinars from the prerogative of the Director General after the transaction legal and accounting aspects are met within a period of 15 fifteen days.
2. Mazad on the amount of 500 million dinars will be the prerogative of the Board of Directors and shall be referred to the Ministry in the Council Meeting Minutes and according to the law.
[You must be registered and logged in to see this link.]
