How to get a loan with equity

According to Tejarat News, it was a few days ago that the Star system was unveiled, and through this system, holders of stock and equity shares can receive loans with their shares attached.

Before this, national banks and equity credit card companies paid the amount of seven million to equity equity holders.

After that, Mohsen Khodabakhsh, a member of the Board of Directors of the Fars Stock Exchange Organization, told Fars about how many Adalat shareholders have used these shares as collateral for loans. Based on the report provided by the banking network, the default and arrears of these loans are zero. It means that we are not facing default in micro loans.

Referring to the implementation of electronic stock pledge, he said: This issue can be effective for the prosperity of people’s business, and even in the judicial system, with the coordination of the stock exchange and capital market organization, the stock verification system can be used.

How equity shares become loan collateral?

Samieh Mohammadi, the manager of the credit card project of the Central Depository Company, in the field of receiving a loan or credit card through equity, also said: Applicants to receive a credit card can refer to the Comprehensive Customer Information System of the Capital Market (Sejam), register in this system, verify their identity, and after Finalize the registration process in SJAM by referring to the software of the National Bank of Iran and register their verification request.

What is the loan repayment condition?

If the shareholders of Adalat can return the amount to the bank within one month, this amount will be Qarz Al-Hasna. But if a month passes and they are unable to repay the loan, this credit will be converted into a three-year facility. The interest rate for equity credit cards is 18%, but if the beneficiaries pay the card amount by the end of the first month, they will not receive any interest.