The branch of Retirement and Social safety for employees at the Ministry of hard work and Social Affairs announced nowadays, the release of loans for retired people included with the aid of the Social safety law, with a value ranging between 3 and five million dinars.
The department’s director standard, Kholoud Hayran, stated on kingdom television, as reported by dinaropinions.com, that “the loans goal retirees who hold a mastercard issued via Rafidain financial institution. An agreement has been reached with the bank to grant them loans ranging from 3 to 5 million dinars, depending on the price of their retirement pension.”
She added, “we are working to enlarge the loan ceiling for the duration of the subsequent segment, along side the final touch of the second phase of the insured employee software, which calls for the professional localization of salaries.”
She mentioned that “a directive became issued by using the top Minister to facilitate the granting of loans to insured people, provided that they deposit their salaries in an accepted financial institution, ensuring the seriousness of the tactics and the integrity of the financing.”
She defined that “the primary segment of lending handiest includes employees who’ve domesticated their salaries and are covered by social protection. those currently working outdoor the scope of legitimate coverage or on prolonged go away from their jobs can not be protected before gratifying the social safety requirements.”
Kholoud Hayran showed that “the department seeks to simplify methods by starting financial institution accounts for agency proprietors and their employees in cooperation with the Social protection management, and linking them to the authorised bank, which lets in for direct revenue transfers and reduces prices.”
