Al-Rafidain and K (K) are launching a new loan within the program

Economy News _ Baghdad

Al-Rafidain Bank in cooperation with (K) launched a new loan for retirees, which allows the receipt of the amount of 3.5, 8, 10 million dinars.

"The partnership between the bank and the company provided the best system to finance retirees with soft financial advances," said Ahmed Kazem, commercial director of KI, in a statement read by Al-Iktissad News. "The advances are provided to the cardholders and the MasterCard."

He pointed out that "the period of repayment extends to 60 months," noting that "the multiplicity of products and their accessibility reflects the evolution of payments in the country, the adoption of sophisticated technology harmonized and the instructions of the Central Bank, which urges adoption to improve payments in all regions of Iraq and expand the coverage area Financial. "

He pointed out that "the possibility of obtaining the advance through the branches of the Rafidain Bank deployed throughout the country, and document the loan application easily through the fingerprint and authorize the bank to deduct the amount of payment," noting that "the loan is provided to beneficiaries of card holders and MasterCard.

He pointed out that "the company has modified some procedures to cover the MasterCard cards based on the PIN code to verify the cardholder and included the initiative of lending from Rafidain" my fingerprint guarantee "after due diligence operations and aspires to make the footprint option is also available on Mastercard cards within the product plans New 2019 ".

He added that "K National Company is working to provide products that do not burden the Iraqi citizen and easy and does not carry the additional financial burdens, and international companies such as Visa seeks in its plan for 2020 to make the authorization of financial movements on the network is biometric way, which makes the system of national pride of Design and performance. "

Kee's family includes more than 7 million beneficiaries across Iraq.

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