Fars Man | The mortgage interest rate is determined based on the approval of the Money and Credit Council

According to the economic reporter of Fars News Agency, the audience of Fars Man system wants to pursue a subject under the title “Reduce the interest rate of the National Housing Movement loan” in the Fars news agency.

According to Article 4 of the Housing Production Jump Law, the interest rate of the National Housing Movement loan will be determined in accordance with the interest rate proposal of the Credit Money Council of the Central Bank, which is currently 23%. On the other hand, in order to increase the well-being of the applicants, this facility is distributed over a period of 20 years, which is reduced to 17 years of repayment period due to the 3-year period of participation.

* How much are mortgage installments?

On the other hand, in order to reduce recurring installments, a staggered method of installments is on the agenda, and the rate to be paid in the first year will be 4.3 million tomans, in the second year 4.5 million tomans, and in the seventh year, the amount of the payment will reach 7 million tomans.

According to Fars report, the stated figure for the installments has been determined assuming the payment of the loan of 450 million tomans.

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