Iraqi Workers and Retirees Benefit from Rafidain Bank Advances
Good news for Iraqi workers and retirees: Rafidain Bank is offering significant advances, providing much-needed financial relief. These advances, reaching up to 25 million Iraqi dinars (approximately $17,000 USD), can be a lifeline for those looking for extra financial support.
This program is accessible through an online application platform, eliminating the need for in-person visits to bank branches. “You can apply for funding from Iraq online without the need to visit a Rafidain Bank branch,” the bank states.
The repayment terms are also favorable, with installments spread over a maximum of 60 months. Adding to the attractiveness of this opportunity, sponsoring approvals are not required, making the process smoother and more accessible.
Rafidain Bank uses the applicant’s MasterCard as security for the loan. "Employees and retirees can receive an advance from Banca Rafidain without the need for a sponsor’s approval, as the MasterCard is used as security to receive the cash advance," according to the bank.
But what are the requirements for eligibility?
To qualify for this advantageous program, Iraqi citizens need to meet certain criteria.
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Income: Your monthly income must exceed the advance amount requested.
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Age: Applicants must be below the age of 73.
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Citizenship: This program is available only to Iraqi citizens.
- Salary Transfer: A mandatory condition is the transfer of your monthly salary to Rafidain Bank.
“It is very important to meet all the obligations and contracts necessary to receive support in Iraq,” emphasizes the bank, highlighting the importance of adhering to all terms and conditions.
Rafidain Bank’s advance offers a significant financial support system to Iraqi workers and retirees. With its accessibility, favorable repayment terms, and targeted support, this program aims to empower individuals across Iraq.
2024-11-30 20:05:00
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