Al-Rafidain Bank announced today that it is offering loans for small projects up to 25 million dinars. Interested parties can apply for the loan at any of the bank’s branches located in Baghdad and the provinces. A bank statement received by Al-Maaloumah Agency stated that “Small project loans are intended for small business owners, including professionals, shop owners, craftsmen, small merchants, and retirees.”
years, including a 3-month grace period.”
He explained that the loan can be guaranteed by either a citizen who has their salary with the bank, or by a real estate mortgage of the first degree, as long as its estimated worth covers the loan amount plus 25%.
Applying for the loan can be done in the bank’s branches across Baghdad and the provinces.