It is every person’s right to own their own home, and we at IDB are persistent on making that dream a reality for all Iraqis. With a housing loan from IDB, you can purchase your dream home and movie in right away, or use the money to renovate and remodel the home you already own.

Loans Benefits:

• Loan up to 40 million IQD.
• Repayment period of up to 60 months.

Loan Terms:

• The borrower must have a government employee guarantor or a real estate mortgage.
• The borrower must issue a life insurance policy.
• The borrower should not exceed the age of 59 years by the time of settlement.
• The borrower’s net salary should be twice the amount of the monthly installments (the debt burden ratio cannot exceed 50%, as specified by the Central Bank of Iraq).
   

How to get a loan:

• The borrower must present his/hers employer’s commitment signed and stamped to domicile his/hers salary at IDB. 
• The borrower must have a government employee guarantor with a net salary twice the amount of the monthly instalments or a real estate mortgage.

For more information, please contact our call center at 6660 or visit your local branch.

All loans are subject to IDB’s credit policy and associated terms and conditions, and required Central Bank of Iraq regulations.
All information available on this website is valid as of the latest date of amendment on website June 2019. Noting that information is subject to change without prior notice.