Banking and insuranceEconomical

Allocation of facilities to families with third and higher children


According to the financial monetary news, quoting public relations, Hojjatollah Mehdian, CEO of the Cooperative Development Bank, stated: The bank will pay a total of 1,500 billion rials in loan facilities, construction or purchase of housing for homeless families in 1399 onwards. Having a third child or more is on the agenda.
He added: “In line with this national plan, the Cooperative Development Bank will implement Qarz al-Hasna deposit facilities, purchase or construction of housing with a maximum repayment period of twenty years.”
Mehdian said: The maximum payment facility for each household is two billion rials with a maximum repayment of 20 years.
The CEO of the Cooperative Development Bank said: “This project will be implemented with the presence of six banks and with the cooperation and coordination of the Central Bank from 100% of the remaining Gharz al-Hasna deposits and 50% of the current Gharz al-Hasna deposits of the banking network.” By taking a promissory note from the applicant or a valid guarantor, they will proceed to pay the facility.

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