Al-Rasheed Bank announced on Monday that it has relaunched its electronic loan service through its credit card system, with a maximum loan limit of 15 million Iraqi dinars.
In a statement sent to dinaropinions.com, the bank confirmed that this step aims to improve its digital services and make financial support easier and faster for employees.
The bank explained that this service is available to employees of government departments and members of the Interior and Defense Ministries, as long as their salaries are deposited with Al-Rasheed Bank. Eligible customers can apply for a loan worth up to five months of their salary, with a maximum cap of 15 million dinars. Applications are submitted electronically through the official Al-Rasheed Bank app.
The statement added that this move is part of the bank’s effort to push forward digital transformation and offer modern financial services in a safe, smooth, and fast way that matches current developments in the banking sector.
