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Minister of Construction and Housing announces launch of loans to citizens to build housing units for them without the benefits of
Thursday, February 9, 2012 15:59
Baghdad {: News} Euphrates Minister of Construction and Housing Mohammed Darraji, directly Housing Fund of the Ministry of sprayed housing loans to citizens to build housing units for them.
The minister said according to a statement received by the agency {Euphrates News} on Thursday, a copy of "Housing Fund began the day of receipt transactions of citizens who wish to obtain a loan Housing Fund of $ 35 million dinars in Baghdad and 30 million in the provinces and interest-free and includes all citizens."
The minister added that "there are two ways for the stages of loan disbursement and the beneficiary to choose one of the first method has to spend 50% of the loan amount after the end of stage roofing and 50% discharged after end stage terminations, and the way in second list exchange 30% of the loan amount when completing the beneficiary phase Albadlo and 40% at the disposal of the beneficiary to complete the roofing stage and 30% upon completion of the disposal of the beneficiary phase terminations. "
He Darraji that "the loan without interest and retrieves within {15} years for the first time will be working form for an electronic As with forms, passports and leave the market as well as the adoption of the style of guess value of the property by committees speculative you estimate the value of the property in addition to subject the Fund's loan to secure collective on the lives of borrowers. "
And that "the new law include participating in the financing of investment companies wishing to build housing complexes that does 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 companies and has a solid work of a similar building in the residential complexes and that these companies are registered or his representative in Iraq. "ended.
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Thursday, February 9, 2012 15:59
Baghdad {: News} Euphrates Minister of Construction and Housing Mohammed Darraji, directly Housing Fund of the Ministry of sprayed housing loans to citizens to build housing units for them.
The minister said according to a statement received by the agency {Euphrates News} on Thursday, a copy of "Housing Fund began the day of receipt transactions of citizens who wish to obtain a loan Housing Fund of $ 35 million dinars in Baghdad and 30 million in the provinces and interest-free and includes all citizens."
The minister added that "there are two ways for the stages of loan disbursement and the beneficiary to choose one of the first method has to spend 50% of the loan amount after the end of stage roofing and 50% discharged after end stage terminations, and the way in second list exchange 30% of the loan amount when completing the beneficiary phase Albadlo and 40% at the disposal of the beneficiary to complete the roofing stage and 30% upon completion of the disposal of the beneficiary phase terminations. "
He Darraji that "the loan without interest and retrieves within {15} years for the first time will be working form for an electronic As with forms, passports and leave the market as well as the adoption of the style of guess value of the property by committees speculative you estimate the value of the property in addition to subject the Fund's loan to secure collective on the lives of borrowers. "
And that "the new law include participating in the financing of investment companies wishing to build housing complexes that does 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 companies and has a solid work of a similar building in the residential complexes and that these companies are registered or his representative in Iraq. "ended.
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