Algeria: State executives to benefit from housing-related financial loans

The services of the General Management of the Treasury have started receiving the files containing requests for financial loans destined to state executives for the purchase or the construction of new housing units.

• The value of the proposed loan ranges between 4 and 7 million Algerian dinars with an interest rate not exceeding 1%.
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• The kick off of the reception operation of the applicants’ files comes 8 months after the coming into force of the relevant executive decree promulgated by the government last year.
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• The Treasury’s general management has issued instructions to the ministerial departments concerned notably those of justice, higher education and scientific research and national defense informing them of the start of the operation of submission of the relevant files.
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• In order to benefit from this substantial financial loan ranging between 400 and 700 million centimes, the applicants should live up to certain conditions and criteria.
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• The candidates should not be over 60 years’ old and should also have accumulated at least 5 years of experience in their respective field of endeavour.
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• It should be noted that the 2010 – 2014  five – year development plan provides for the delivery of 1.2 million new housing units out of an overall action- program of 2 million units.
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