10 meters house 480 million tomans! / Housing loans were left behind due to property inflation – Tejaratnews
According to Tejarat News, the increase in housing prices in the past few years along with increasing inflation has reduced the purchasing power of applicants in this area. Meanwhile, in order to improve the housing market situation and help to increase the flow of buying and selling, the government always provides facilities for housing purchase allowances or housing loans.
This year, four types of housing loans have been introduced for Tehrani applicants; But what is the amount of these loans and according to the average housing price published by the central bank, how many meters of house can be bought with these loans?
Types of housing loans
There are four types of loans granted for the purchase of housing, and each has a different interest rate and repayment period.
Childbearing loan
The amount of this loan is 200 million Tomans and it is given to those whose third child was born after 2019. This loan is interest-free and has a repayment period of 20 years. Considering that the latest average housing price in Tehran has been announced by the central bank as 46 million and 700 thousand tomans, you can only buy a four-meter house with a family loan!
Saman property purchase loan
The amount of this loan is one billion and 500 million tomans for purchase and 500 million tomans for cleaning. Its interest rate is 18% and its repayment period is five years.
Obtaining this loan has difficult steps, and according to the ratio of its amount to the repayment period, not all people have the ability to pay its monthly installments. With this loan, you can buy a 46-meter house in Tehran.
Get a loan by buying housing bonds
To get this loan, you have to deposit the money for some time and receive bonds in return. Tehrani couples can receive a purchase loan of up to 400 million tomans and 80 million tomans in loans, which is a total of 480 million tomans. This number is reduced to 280 million tomans for singles in the capital. The interest rate of this loan is estimated at 17.5%, and considering the amount that should be set aside for the purchase of bonds, the actual interest rate is higher.
Based on this, Tehrani couples can buy a house of slightly more than 10 meters with a loan of 480 million tomans. This purchasing power is much less in Tehrani singles; In such a way that the purchasing power of singles’ loans reaches only 6 meters of the house!
First mortgage for couples
The amount of this loan is 160 million Tomans and repayment is 12 years; Its profit is set at eight percent. With this amount of loan, you can buy a three and a half meter house in Tehran according to the average price of 46 million and 500 thousand tomans (Tehran city).
Youth mortgage
This loan is set at two billion tomans, but the terms of its deposit will last for several years and it is not profitable for the applicant. The interest rate of this loan is 9% and repayment is 15 years. With this loan, just like the purchase loan of Malek Saman, you can buy a 46-meter house in Tehran, but this purchasing power may be greatly reduced by the time you receive the loan. Because at first the installments are paid in the form of a deposit and then this loan will be paid, which considering the real estate inflation in Iran, receiving this loan does not seem very logical.
Can loans improve the housing market?
Home loans are either offered with a small amount that cannot be used to buy even a mobile home in Tehran, or if they have a large amount, the installments are so high that repayment is not possible for all classes.
On the other hand, loans with a high amount sometimes have such difficult procedures that applicants regret receiving it. Therefore, these loans can’t be a stimulus to improve the chaotic situation of the housing market.
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