The government announces good news for citizens: interest-free loans for the purchase and construction of housing units

communitybreakingHome LoansIraqi Council of Ministers 2021-06-22 13:28A-AA+

Shafaq News/ Cabinet spokesman Hassan Nazim announced, on Tuesday, a government initiative to grant interest-free loans to citizens to buy and build housing units.

Nazim said in the weekly press conference held after the cabinet session and attended by Shafak News Agency correspondent, that “there are measures by the government to take care of the housing file,” adding that “the Central Bank took the initiative to fund the Real Estate Bank and the Housing Fund with more than one trillion and 800 billion dinars.”

He explained, “The initiative will grant interest-free loans to citizens to buy and build housing units.” Nazim pointed out that “the loan repayment period is up to 20 years and will motivate citizens to buy housing units.”

He pointed out that “the Council of Ministers agreed to allocate three billion dinars for the expansion of the Baghdad-Kut road.”

On the electoral issue, Nazim said that “the Council of Ministers hosted the head of the Electoral Commission to overcome the difficulties facing its work.”

He added, “The Council of Ministers discussed preparing the commission’s warehouses and taking care of the cadre that will work during the elections.”

The Cabinet spokesman stressed that “the government is determined to complete fair and impartial elections on the specified date.”

He pointed out that “the Council of Ministers approved the national strategy for infrastructure security, which includes sensitive issues.”


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