Iraq 💰 IQD Last updated2026-05-28

قرض عقاري Calculator Iraq

⚡

Quick answer (Iraq)

A IQD 200,000,000 home loan at 12% over a 15-year term works out to a monthly payment of about ‏٢٬٤٠٠٬٣٣٦ د.ع.‏, with total interest of ‏٢٣٢٬٠٦٠٬٥٠٢ د.ع.‏ over the full term.

🏠

Mortgage Calculator

USD

Home Value

LTV 80% · No PMI ✓

Loan Amount

Interest Rate

Term

Total Monthly

$2,733,669

PITI

Principal + Interest

$2,400,336

54% goes to interest

Total Interest

$232,060,502

over 15 years

Monthly Breakdown

Principal & Interest$2,400,336

Property Tax (1.1%/yr)$229,167

Homeowner's Insurance (0.5%/yr)$104,167

Total Monthly$2,733,669

Principal vs Interest Split

46% principal

54% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

Reviewed by

Aisha Rahman, CFP®, MBA LinkedIn ↗

CFP® with 12+ years in mortgage & retirement planning.

Local context

قرض عقاريs in Iraq

Typical loan

‏٢٠٠٬٠٠٠٬٠٠٠ د.ع.‏

in Iraq

Typical rate

12% p.a.

prime borrower, 2026

Typical term

15 years

most common

Market overview

Iraqi mortgages are concentrated in a few institutions: the state-owned Real Estate Bank of Iraq (مصرف الرافدين العقاري / Iraqi Real Estate Bank — the historic housing lender), Trade Bank of Iraq (TBI), Bank of Baghdad, Cihan Bank for Islamic Investment and Finance (Kurdistan), Mansour Bank, Ashur International Bank and the Islamic National Bank. The Central Bank of Iraq (CBI) policy rate is 7.5% in early 2026 after rate cycles tied to the 2023 official re-peg of the dinar at 1,310 IQD/USD. The state-supported Real Estate Bank and the Iraqi Housing Fund channel most retail home financing for citizens.

Why 12% is the typical rate

12% reflects typical commercial bank mortgage pricing for an Iraqi salaried borrower in early 2026; Real Estate Bank and Housing Fund loans for state-employee beneficiaries price materially lower.

Tax & regulatory notes

Property transfer (tasjeel) fees at the Real Estate Registration Directorate are typically 3% of declared value plus minor stamp fees. Capital gains on individual property sales are generally not separately taxed in practice. The Iraqi Housing Fund (صندوق الإسكان العراقي) provides subsidised mortgages of up to IQD 100 million at low single-digit rates to state employees, military and civil servants, repayable over 15-20 years via salary deduction. Reconstruction zones still face title clarity issues in formerly conflict-affected provinces.

🧮 Worked example

A IQD 200,000,000 home loan at 12% over a 15-year term

Loan amount

‏٢٠٠٬٠٠٠٬٠٠٠ د.ع.‏

Annual interest rate

12%

Term

15 years (180 months)

Monthly payment

‏٢٬٤٠٠٬٣٣٦ د.ع.‏

Total interest paid

‏٢٣٢٬٠٦٠٬٥٠٢ د.ع.‏

Total paid (principal + interest)

‏٤٣٢٬٠٦٠٬٥٠٢ د.ع.‏

❓ FAQ (Iraq)

Common questions in Iraq.

ما هو صندوق الإسكان العراقي وكيف يمكنني الاستفادة منه؟

The Iraqi Housing Fund offers subsidised loans (currently up to roughly IQD 100 million depending on category) to Iraqi citizens, with priority for state employees, security forces and lower-income applicants. Tenors run 15-20 years at very low effective rates (often 2-4%), repaid by direct deduction from salary. Application is through the Fund's offices with title, salary certificate and ID; waiting lists are long.

Can foreigners buy property in Iraq?

Iraqi law generally restricts land ownership by non-Iraqis outside reciprocity arrangements; the Kurdistan Region has somewhat more open rules for residential purchases in approved developments. GCC nationals and some Arab nationals have ownership rights in defined cases. Most foreign buyers in Federal Iraq operate via long-term leases or through Iraqi-registered companies. Bank financing for non-citizens is rare.

How did the 2023 dinar re-peg affect mortgages?

In February 2023 the CBI revalued the official rate to 1,310 IQD/USD from 1,470. IQD-denominated mortgages were unaffected in nominal terms, but USD/IQD parallel-market dynamics and dollar-access restrictions tightened liquidity, pushing some banks to raise spreads in 2023-2024. Real Estate Bank fixed-rate borrowers were largely insulated; variable-rate commercial borrowers saw modest adjustments.

🌍 Other countries