Damascus-Sana
The Commercial Bank of Syria raised the upper limit of the professional loan to 50 million Syrian pounds instead of 30 million pounds.
According to the amended instructions for granting the professional loan to which SANA has received a copy, it will benefit from the loan in its new roof, whose professions are the doctor, lawyer, engineer, pharmacist, veterinarian, agricultural and veterinary pharmacy, and dental damages, provided that they are licensed to practice the profession according to their specialization.
The instructions set out the basis for granting the professional loan, which has a minimum amount of SP 1 million, while the contractual interest is 12.5 percent per annum on the remaining balance of the loan and its duration ranges from one year to ten years after it was 12 years in the previous instructions. Loan.
According to the instructions, the loan is repaid in equal monthly installments.The first installment is due at the end of the month following the month of granting and activating the loan.The prepayment of one or several installments may be made in any branch of the bank.In case the customer wishes to liquidate the loan before maturity, the contractual interest shall be collected for the end of the contract year.
The maximum age of the customer according to the instructions shall be 70 years at the end of the loan period after it was previously 65 years. The bank has the right to amend the contractual interest on the loan in the event of a change in interest rates as required by the interest of the bank and in accordance with the prevailing norms in the Syrian market. By an official letter.
According to the instructions, the delay benefit applied in the bank shall be applied when no outstanding installment is paid and when two consecutive installments are delayed. Administrative prosecution shall start with communications and send warnings to the customer, while prosecution shall commence upon late payment of installments until the sixth installment.
The property provided as a guarantee in accordance with the instructions shall be free from any indication affecting the bank's rights and shall accept the permanent and temporary register and the register of the Public Housing Corporation.
Handsome Adawi
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