450 million loan of housing leap plan / Whose loan is 250 million Tomans?
According to Tejarat News, as the Deputy Minister of Roads and Urban Development announced, the basis for repaying the loan for the housing leap project is based on the cost of housing in different areas. For example, the cost of housing is higher in Tehran and metropolitan areas and lower in small towns and villages.
The amount of the mortgage plan loan
The loan ceiling of the housing leap project is 450 million Tomans, which only includes the city of Tehran. That is, the loan amount of the housing leap project in Tehran is 450 million Tomans.
The loan amount of the housing leap project in metropolises with a population of more than one million people is 400 million tomans. In other words, the applicants for buying a house in the housing leap plan in the cities of Mashhad, Isfahan, Karaj, Shiraz, Tabriz, Qom and Ahvaz can borrow up to 400 million Tomans.
The loan ceiling in provincial centers is 350 million Tomans and the loan for housing leap projects in other cities is 300 million Tomans. The minimum loan amount in the housing leap plan is 250 million tomans, which includes people living in villages.
Mahmoud Mahmoudzadeh said that the ceiling of housing facilities in the villages is only 200 million Tomans, but in this plan, the loan ceiling is 250 million Tomans.
The amount of mortgage loan installments
But another issue for the people is the issue of mortgage loan installments. The installment amount of this loan has not been officially announced yet. But various reports show that the interest rate on the housing leap project loan is probably 18% and the loan installments of 450 million Tomans are about 5 million Tomans. Probably the smaller the loan amount, the lower the installments. This means that residents of cities and villages have to pay less.
But it does not seem that the amount of installments of the housing leap plan is less than three million tomans per month. This is one of the most important criticisms of the housing boom plan. That the purpose of this plan is to house the first to third deciles. Deciles whose income is between 1.5 to 3.5 million tomans per month. But now they have to pay at least 3 and at most 5 million tomans in monthly installments.