Al-I3mar Iraq to Offer New Housing Loans
The Iraqi Ministry of Construction and Housing announced the upcoming launch of the annual lending plan for the "Housing Fund," aimed at supporting the housing sector and providing affordable loans to citizens for building or completing their housing units. The plan targets enabling around seven thousand applicants and employs a self-financing mechanism and recycling of funds to meet the increasing demand for interest-free loans, which are offered in phases according to construction progress. The last application process took place in February of the previous year and lasted four days, during which more than 26,000 transactions were accepted.
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