The Commercial Bank Grants Privileged Loans to the Military and Workers in the Ministry of Defense

The Commercial Bank of Syria will grant loans to military and civilian workers in the Ministry of Defense, reports Al-Watan.

The Commercial Bank of Syria and the financial administration in the army and the armed forces signed an agreement under which loans are granted to military and civilian workers in the Ministry of Defense who wish to benefit from the bank’s services according to a number of conditions and features.

According to a statement from the Commercial Bank, military and civilian workers in the Ministry of Defense can obtain a personal loan — with or without guarantors — of 5 million Syrian pounds for a period of five years at an interest rate of no more than 10 percent. They can also get a personal loan of 20 million pounds, with real estate collateral, for a maximum period of 10 years. At an interest rate of no more than 10 percent.

 

This article was translated and edited by The Syrian Observer. The Syrian Observer has not verified the content of this story. Responsibility for the information and views set out in this article lies entirely with the author.

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