Al-Rashid Bank Announces Wide Financing Package Including Loans and Advances for Various Categories

mniraq - The government-owned Al-Rashid Bank announced the launch of a comprehensive package of banking and financing services that includes various loans and advances for employees and retirees, in accordance with the instructions and regulations issued by the bank. The new services include advances for employees ranging from 5 to 25 million dinars for five years with a declining annual interest rate of 8 percent and without the need for a guarantor, as well as advances for contract employees up to 5 million dinars under the same conditions. The package also included advances for retirees ranging from 5 to 15 million dinars, installment loans, housing loans for renovating residential units, in addition to health profession loans, university advances, and credit cards, coinciding with government directives to facilitate banking procedures and shorten transaction completion periods to support both public and private sectors.