Following Al-Rafidain Bank, Al-Rasheed Bank announces new loans and advances for employees and retirees.
Following Al-Rafidain Bank, Al-Rasheed Bank announces new loans and advances for employees and retirees.
2026-10-20
Shafaq News – Baghdad
On Tuesday, the state-owned Al-Rasheed Bank announced a package of banking services that includes loans and advances for employees and retirees, as well as other financing services, according to an official letter issued by the bank on October 19, 2026.
According to a document issued by the bank and received by Shafaq News Agency, the services include employee loans from 5 to 25 million dinars for a period of five years, with a decreasing annual interest rate of 8% and without a guarantor, while employee loans (contracts) include amounts up to 5 million dinars, for a period of five years, with a decreasing interest rate of 8% and without a guarantor.
The services also include loans to retirees in amounts ranging between 5 and 15 million dinars, for a period of five years, with a decreasing interest rate of 8% and without a guarantor.
The document indicated the provision of installment loan services with amounts ranging between 5 million and 125 million dinars, with installments extending to 12 months, in addition to loan services for employees and retirees with amounts ranging between 250 thousand and 25 million dinars, and with a period of time of 36 months.
Other services include a Visa credit card with a limit of up to 5 million dinars, a marriage loan of up to 10 million dinars for five years, loans for the restoration and maintenance of housing units of up to 75 million dinars, and loans for health professionals of up to 80 million dinars for five years.
The list also includes university loans ranging between 25 and 50 million dinars for a period of five years, loans for private teachers of up to 100 million dinars, as well as loans for purchasing headbands of up to 50 million dinars.
On Monday, Finance Minister Falih Sari directed the management of Al-Rafidain Bank to release financial loans for employees and facilitate the procedures for obtaining them, with a focus on shortening the time required to complete transactions and simplifying the application steps, in addition to providing the necessary banking facilities for the private sector and enabling its companies to access financing.
shafaq.com
