Allocation of facilities to families with third and higher children
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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.