Are you dreaming of having your own business? At IDB, we believe that small and medium enterprises are the backbone of the Iraqi economy, and deserve the same perks and supports as larger corporations. When banking with IDB, SMEs will have access to quick and easy financing and case-specific tailored solutions.

Loans Benefits:

• Loan up to 50 million IQD (the loan sum can reach up to 1 billion IQD with the approval of the Central Bank of Iraq).
• Repayment period of between 36 and 84 months.
• Annual interest rates starting from 5.1%.

Loan Terms:

• 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 at least twice the amount of the monthly installments (debt burden ratio cannot exceed 50% as stipulated by the Central Bank of Iraq).
• The borrower must have a guarantor (government employee).
• The borrower must present a complete feasibility study on the project.
• The borrower will need to complete the SME application form via the portal (https://tamwil.iq/).

How to get a loan:

• The borrower must have a signed guarantee from a government employee with a net salary at least twice the sum of the monthly instalments.
• Property mortgage (depending on loan amount).

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.