The Board of Directors of the Real Estate Bank issued a decision to amend the ceilings of loans granted by the Bank.
In accordance with the decision, the ceiling of loans for the purchase or construction of a ready-made property or not completed “buy on the structure and complete” was amended from 15 million Syrian pounds to 50 million Syrian pounds, and a loan to complete a completed real estate structured from 10 million pounds to 25 million Syrian pounds.
According to the decision, the ceiling of the loan for the purchase of a ready-made home for subscribers of the Public Housing Corporation was raised from 15 million to 50 million pounds, a loan for the construction of a residence expansion from 6 million to 15 million pounds, a loan to complete an expansion of housing from 4 million to 10 million pounds, and a loan to re-complete a prepared house Housing “previously renovated” ranges from 4 million to 6 million pounds.
The loan ceiling for a cracked house intended for housing became 10 million instead of 4 million pounds, a loan to terminate the lease relationship, 15 million instead of 5 million, and the establishment of a property for associations became 50 million instead of 15 million, and a loan to establish a property on the structure with public utilities for associations was 15 million instead of 6 million, and a loan Completion of a fully completed real estate structure for associations of 15 million instead of 6 million pounds, and a loan of associations whose projects are an independent suburb for each apartment, 50 million instead of 15 million pounds.
Based on the decision, the “Syria Card” credit for low-income people whose salaries are domicilized within the bank became one and a half million pounds instead of 500 thousand Syrian pounds, and loans for durable goods for people with low incomes became one and a half million instead of 500 thousand pounds.
The decision indicated that the applicant for any loan must abide by all the conditions for granting loans stipulated in the implementation instructions, in addition to the condition that the borrower submits at least one guarantor from the state’s workers in the event that the income provided is free income and that the guarantee properties are located in safe, serviced and accessible areas For monetization and the responsibility of managing the branches in case it is not possible to monetize them in the future.
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