Beginning of providing Gharz al-Hasna childbearing facilities in Karafarin Bank

According to the financial monetary news quoting the public relations of Karafarin Bank, according to this circular, banks are obliged to pay the facility based on the applicants’ credit, by taking a promissory note from the applicant or a valid guarantor, as described below.
According to the law, for children who have been born in Iran since 1400 and whose fathers also have the citizenship of the Islamic Republic of Iran, Qarz al-Hasna facilities for childbearing, 20 million Tomans for the first child, 40 million Tomans for the second child, 60 million Tomans will be paid for the third child, 80 million Tomans for the fourth child and 100 million Tomans for the fifth child. Also, childbearing facilities are provided to people whose fertility rate is not higher than 2.5 in the city where the father or child was born.

Childbearing loan
Childbirth facilities are paid without the need for a deposit and with a six-month grace period to start the installments. However, if the term investment deposit is authenticated, the applicant will be exempt from introducing a guarantor or presenting a promissory note.
Childbearing facilities are paid annually with a fee of 4%, and in the case of the birth of twins and more, a loan is granted for each child and the order of birth is taken into account.
Child-rearing loans are granted only to persons who register in the Gharz-ul-Hasna facility system of the Central Bank, which is the same system related to the Gharz-ul-Hasna marriage facility, and the procedure is the same as marriage loans, after registration and approval by the Central Bank. It will be notified directly to one of the branches of Karafarin Bank and will be payable by the said branch.
Accordingly, applicants can refer to the mentioned facility system at the following address to register:
https://ve.cbi.ir/VC/DefaultVC.aspx
Eligible applicants (fathers) for those born from April 1, 1400 onwards and up to 2 years after the birth of the child, can register their application in the relevant system, and if during the repayment period of the birth facility, another child of the applicant Born, the payment of the mentioned facilities is possible according to the rules of this instruction to the next child.