SME Loans


Now, at the NBI, we grant soft loans to support SMEs.

Loan Amount

  • IQD 5 million – 50 million
  • IQD 51 million – 1 billion
  • IQD 1 billion – 5 billion (subject to approval from the Central Bank of Iraq)


The Aim

1 - Development of projects in various sectors (commercial, service, industrial, agricultural, medical and touristic) through the following:

  • Opening of facilities and factories
  • Development of hotels and restaurants
  • Purchase of machines and equipment of all kinds
  • Opening of new production lines
  • Purchase of raw materials of various kinds
  • Development and modernization of existing clinics
  • Purchase of devices of all kinds
  • Purchase of medical and laboratory equipment
  • Purchase of goods

2 – Opening medical clinics, pharmacies, laboratories, pharmaceutical factories and more

Loan Tenor

  • Up to 7 years, in line with the project’s monthly revenue and cash flows


Grace Period

  • 1 month – 1 year (depending on the sector)


Target Sector

  • All sectors



  • 0.007 Central Bank commission
  • 1% Central Bank commission (over IQD 1 billion)
  • 0.006 – 0.008 commission of insurance companies for loans up to IQD 100 million


Interest Rate

  • 4% - 5.1% annually



  • Personal guarantees pursuant to good dealing letters and according to the text approved by the bank (up to IQD 50 million)
  • Real estate guarantees (for amounts more than IQD 50 million)


Services and Privileges

  • Quick completion of transactions with a period of no less than 15 working days from completion of all papers and conditions
  • Current account services
  • Bank transfers
  • Credit and debit cards
  • NBI Online service
  • SMS service
  • Deposit accounts with preferential interest
  • Savings accounts

*Subject to NBI’s conditions and approval in accordance with the Central Bank of Iraq

Those wishing to take advantage of the above offer may consult their nearest NBI branch throughout the governorates (Baghdad, Mansour, Kadhimiya, Jamila, Erbil, Sulaymaniyah, Najaf, Karbala, Basra, Umm Qasr, Ar Rumaylah) or call one of the department’s numbers (facilities for SMEs and affiliates).

Public Administration: 07809270676,07833035374 ,07809270653 , 07818775369

Basra: 07833035373

Najaf: 07833035372

Karbala: 07833035371

Mansour: 07506874191

Kadhimiya: 07706287005