Good news for home buyers / home loan increased? – Tejarat News
According to Tejarat News, Bazarpash stated in the meeting of the Construction Commission of the Islamic Council and in presenting a report on the implementation of the law on the jump in housing production, that financing methods in the field of housing need to be reviewed. Banks except Maskan Bank have been absent in providing financing for the implementation of the Housing Production Leap Law.
He added: We have signed a memorandum of understanding with Melli, Sepe and Mellat banks, and the memorandum will be signed with Parsian Bank and other private banks as well.
The Minister of Roads and Urban Development said: “With the presence of the new head of the Central Bank, we hope that the cooperation of the banks to provide facilities will be more than before.” It is also necessary to take advantage of the past experiences in the implementation of Mehr housing projects and the National Housing Action and try not to make the mistakes of the past in our future models.
Get a loan by buying housing bonds
To get this loan, you have to deposit the money for some time and receive bonds in return. Tehrani couples can receive a purchase loan of up to 400 million tomans and 80 million tomans in loans, which is a total of 480 million tomans. This number is reduced to 280 million tomans for singles in the capital. The interest rate of this loan is estimated at 17.5%, and considering the amount that should be set aside for the purchase of bonds, the actual interest rate is higher.
Based on this, Tehrani couples can buy a house of slightly more than 10 meters with a loan of 480 million tomans. This purchasing power is much less in Tehrani singles; In such a way that the purchasing power of singles’ loans reaches only 6 meters of the house!
First mortgage for couples
The amount of this loan is 160 million Tomans and repayment is 12 years; Its profit is set at eight percent. With this amount of loan, you can buy a three and a half meter house in Tehran according to the average price of 46 million and 500 thousand tomans (Tehran city).
Youth mortgage
This loan is set at two billion tomans, but the terms of its deposit will last for several years and it is not profitable for the applicant. The interest rate of this loan is 9% and repayment is 15 years. With this loan, just like the purchase loan of Malek Saman, you can buy a 46-meter house in Tehran, but this purchasing power may be greatly reduced by the time you receive the loan. Because at first the installments are paid in the form of a deposit and then this loan will be paid, which considering the real estate inflation in Iran, receiving this loan does not seem very logical.
Can loans improve the housing market?
Home loans are either offered with a small amount that cannot be used to buy even a mobile home in Tehran, or if they have a large amount, the installments are so high that repayment is not possible for all classes.
On the other hand, loans with a high amount sometimes have such difficult procedures that applicants regret receiving it. Therefore, these loans can’t be a stimulus to improve the chaotic situation of the housing market.