Al-Rafidain announces the release of advances and the conversion of installment interest to decreasing

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Al-Rafidain announces the release of advances and the conversion of installment interest to decreasing

On Thursday, Rafidain Bank reported the send off of advances to retired folks and representatives and getting them inside only two days, while affirming the passage into power of the choice to change over revenue from fixed to diminishing.

Ahmed Jabbar Bajai, accused of the obligations of Colleague Chief General of Al-Rafidain Bank, said in a press proclamation, “The choice of the Committee of Priests in regards to moving revenue from a proper portion to a diminishing one has gone into force in the bank.”

He made sense of, “The bank declared the send off of the advances through an electronic connection, and the resident can apply for themselves and get the sum in somewhere around two days in the wake of inquisitive about his data,” noticing that “how much the development is 5-10 million dinars and incorporates retired people (regular citizen and military) and workers.”

He called attention to that, “Land credits can be gotten by residents who accept their pay rates from Rafidain Bank, given that there is an underwriter until the security is brought, and how much the compensation he gets, 50% of it, is adequate to pay the portion and premium,” calling attention to that “the issue of bringing the security forgoes the state of assurance to get the credit.” .