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More than 70 dealers have applied for a home or shop loan at the Syrian Commercial Center

2020-10-01T14:29:46.957Z


Damascus-SANA The Syrian Commercial Bank received more than 70 requests from dealers to obtain a loan to buy a house or a property


Damascus-Sana

The Commercial Bank of Syria has received more than 70 requests from dealers to obtain a loan to buy a house or real estate whose ceiling is set at 100 million Syrian pounds since the bank announced the resumption of granting loans on the 15th of last month.

The bank is currently studying the loan applications submitted, according to Mazen Hamza, the director of credit at the Syrian Commercial, who assured the representative of SANA that the presence of a large number of dealers has been registered with the aim of inquiring about the conditions for applying for a loan to buy a shop or a house since the resumption of lending, indicating that the loan applications will soon be approved. Introduction.

Hamzah revealed that the bank agreed to activate the granting of a number of loan applications that were suspended during the period of stopping the lending, as the number reached about 300 loans such as personal loans and durable goods, and it continues to receive new applications, pointing out that it did not stop receiving loan requests during the period of stopping the granting of loans. And during the Corona pandemic.

With regard to loans that the bank did not issue decisions to grant before stopping lending, Hamzah explained that the deadlines received on some loan papers have been extended, but there are papers that need to be renewed, and the applicants were asked to renew them, such as an inquiry request with the Central Bank of Syria in the event that the old request has passed more than From three months.

As for the real estate appraisal in the 100 million lira loan, Hamzah stated that the instructions require that two real estate evaluators affiliated with the Real Estate Finance Supervision Authority and those dealing with the bank evaluate the property to be purchased according to the prevailing price and set higher and lower limits, and based on the instructions of the Central Bank of Syria, the lowest valuation of the property is taken Consider this a value for the property.

Regarding the income data required from the borrower, Hamza pointed out that what is required of the employee is a statement of his monthly income, and if the customer is a trader, craftsman or industrialist, he must provide a statement proving that he has paid the tax obligation owed on him for the past year and based on that his income is estimated and the higher the taxation is the higher it is The income is high, and so the loan that he can get is higher, and so is the doctor, engineer and pharmacist.

Hamzah pointed to the importance of presenting the tax assignment because it indicates the existence of an actual work with the industrialist, the trader, or the craftsman and others, and an income that pays the installments. There are many who have industrial, commercial or craft records, but they do not practice their work, pointing out that the introduction of the minimum value of the property falls under the heading of caution. Caution and mitigation of lending risk.

Hamzah explained that the bank is awaiting the issuance of instructions to appeal the rest of the credit facilities because the resumption of grants was limited to certain types of loans such as real estate and limited income related to the agricultural sector, and the service and industrial sectors loans have not been resumed, and there are types that are still suspended, such as revolving facilities that are renewed annually.

Hamzah noted the importance of resuming granting the rest of the facilities because this matter has to do with classifying the debt for previously granted dealers and returning matters to their nature, and there must be a movement in the debtor's current account as a kind of facility that enables the dealer to move his account.

As for the bad loans file, Hamzah confirmed that between 40 and 50 percent of the loans have been collected, and work is continuing to collect the rest of the loans that require effort, work and time to reach the collection stage, noting that the size of the amounts of bad loans varies because a large part of them are in foreign currency and the price of their evaluation varies.

Wasim Al-Adawi

Source: sena

All business articles on 2020-10-01

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