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Release of loans fund interest-free housing and new instructions early next month
Sunday, December 15 2 / January 2012 08:20 |
BAGHDAD / With: The Minister of Construction and Housing Mohamed's Darraji, Sunday, for approving the Help Fund Act Housing Iraq No. / 23 / for the year 2011 after a meeting of the Board of Trustees of the Housing Fund of Iraq. He said in a statement to the ministry, received the news agency the future, a copy of it, "The Housing Fund of the Department will begin accepting applications for citizens who wish to obtain the loan early next February, and interest-free and gets through / 15 / years. "" It will be the first time work form for an electronic, as is the case with the forms for passports and leave the market, as well as the adoption of the method to guess the value of the property from the by committees speculative you estimate the value of the property in addition to putting a loan fund to secure the collective life of the borrowers. "and that" to give the loans will be according to the instructions and the following conditions (first inclusion of all Iraqi citizens, the loan except for residents of the Kurdistan region of Iraq, second, that the beneficiary Iraqis have completed the / 18 / years old and up / 65 / year, Third, has the recipient a piece of residential land on the face of independence or promiscuous cover the value of the loan amount covered by the condition that not less land area than / 100 / m 2 and not less building area than / 65 / m 2, Fourth, the beneficiary guarantor guarantor / civil servant is installed on the permanent staffing / covers half of his monthly amount of the monthly premium impact owed by the borrower. "He Darraji that" the ceilings lending b / 35 / million dinars up to a maximum of the province of Baghdad, and / 30 / million JD at a top of the Centre for the provinces and districts, counties, and bear the borrower wages Downloads administrative value of 2% of the loan is taken once when the first installment). "" There are two stages of loan disbursement and the beneficiary to choose one of them, the first is to spend 50% of the amount loan after the end of the stage of roofing and 50% discharged after the completion of stage finishes, the way is spent 30% of the loan amount when completing the beneficiary Albadlo stage and 40% at the disposal of the beneficiary complete roofing stage and 30% upon completion of the disposal of the beneficiary stage finishes. "
He stated that the new law include participating in the financing of investment companies wishing to build housing complexes that do not exceed the rate of participation for 50% of the cost of the project and that the payment is made after the completion rate of 25% of the stages of the project provided that these projects housing exclusively carried out by solid companies and has a similar business in building residential complexes and that these companies are registered or his representative in Iraq. (finished) Fadia Hassan.
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Sunday, December 15 2 / January 2012 08:20 |
BAGHDAD / With: The Minister of Construction and Housing Mohamed's Darraji, Sunday, for approving the Help Fund Act Housing Iraq No. / 23 / for the year 2011 after a meeting of the Board of Trustees of the Housing Fund of Iraq. He said in a statement to the ministry, received the news agency the future, a copy of it, "The Housing Fund of the Department will begin accepting applications for citizens who wish to obtain the loan early next February, and interest-free and gets through / 15 / years. "" It will be the first time work form for an electronic, as is the case with the forms for passports and leave the market, as well as the adoption of the method to guess the value of the property from the by committees speculative you estimate the value of the property in addition to putting a loan fund to secure the collective life of the borrowers. "and that" to give the loans will be according to the instructions and the following conditions (first inclusion of all Iraqi citizens, the loan except for residents of the Kurdistan region of Iraq, second, that the beneficiary Iraqis have completed the / 18 / years old and up / 65 / year, Third, has the recipient a piece of residential land on the face of independence or promiscuous cover the value of the loan amount covered by the condition that not less land area than / 100 / m 2 and not less building area than / 65 / m 2, Fourth, the beneficiary guarantor guarantor / civil servant is installed on the permanent staffing / covers half of his monthly amount of the monthly premium impact owed by the borrower. "He Darraji that" the ceilings lending b / 35 / million dinars up to a maximum of the province of Baghdad, and / 30 / million JD at a top of the Centre for the provinces and districts, counties, and bear the borrower wages Downloads administrative value of 2% of the loan is taken once when the first installment). "" There are two stages of loan disbursement and the beneficiary to choose one of them, the first is to spend 50% of the amount loan after the end of the stage of roofing and 50% discharged after the completion of stage finishes, the way is spent 30% of the loan amount when completing the beneficiary Albadlo stage and 40% at the disposal of the beneficiary complete roofing stage and 30% upon completion of the disposal of the beneficiary stage finishes. "
He stated that the new law include participating in the financing of investment companies wishing to build housing complexes that do not exceed the rate of participation for 50% of the cost of the project and that the payment is made after the completion rate of 25% of the stages of the project provided that these projects housing exclusively carried out by solid companies and has a similar business in building residential complexes and that these companies are registered or his representative in Iraq. (finished) Fadia Hassan.
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