Rafidain Bank offers loans of 5 million and 10 million dinars to employees and retirees at 6% interest
A source says the 5 million-dinar loan carries a monthly installment of about 108,000 dinars and the 10 million-dinar loan about 216,000 dinars, repayment over 60 months, and the Super K app was temporarily suspended due to heavy demand.
A source familiar with the matter said on Saturday that Rafidain Bank launched loans allocated to employees and retirees in amounts of 5 million and 10 million dinars, and that repayment is carried out over five years.
The source added that the monthly installment for the 5 million-dinar loan is estimated at about 108,000 dinars, while the monthly installment for the 10 million-dinar loan is about 216,000 dinars, with a repayment period of up to 60 months, for employees and retirees in accordance with the approved regulations and instructions.
The source pointed out that the bank's loans were announced with an annual interest rate of 6%, and that the large number of applications affected the operation of the electronic application "Super K", causing it to stop temporarily due to the rush and pressure during the registration period.
