Facilitate the provision of micro facility payment services

According to the Iran Economist, quoting the public relations of the Cooperative Development Bank, in order to implement the measures taken by the President to facilitate the process of granting facilities and facilitate and expedite the payment process and ultimately satisfy the people, the new conditions for obtaining guarantees in facilities up to one billion rials To the eligible in the branches of this bank within the framework of the agreement between “Deputy Minister of Banking, Insurance and State-Owned Companies” and “Banks” with emphasis on observing the credit and management rules and regulations of the bank and based on validation and obtaining minimum guarantees and documents. Banks’ spending and resources ceilings are operational.

Hence, employees, retirees and pensioners of government executive bodies (including government ministries, companies and organizations, public non-governmental organizations and large private companies) who receive their salaries from the Cooperative Development Bank and have credit ratings of “A”, “B” and “C”. They are in the Iranian accreditation system, they can provide facilities up to 500 million Rials without a guarantor and by submitting a salary deduction letter; And receive facilities from 500 million Rials to one billion Rials without a guarantor with a salary deduction letter and by presenting a promissory note or check.

Employees of other private sector companies whose salaries are deposited with the Cooperative Development Bank and have credit ratings “A” and “B” in the Iranian accreditation system can be up to 500 million Rials without a guarantor and by submitting a salary deduction letter and also present Promissory note or check (as the case may be); And receive facilities from 500 million Rials to one billion Rials by introducing a guarantor while presenting a promissory note or check (as the case may be).

It is worth mentioning that employees of other private sector companies whose salaries are deposited with the Cooperative Development Bank and have “C” credit ratings in the Iranian credit rating system can benefit from facilities up to one billion rials by introducing a valid guarantor and submitting promissory notes or checks.

It should be noted that the ability to repay the facility should be such that the total salary and continuous benefits of the applicant after legal deductions, the possibility of repaying the facility.