instantaneous; 350 million loan was activated + conditions
According to the report of Ekhtazonline, quoted by IRNA, it was on November 4th of this year that “Mehrdad Bazarpash”, the Minister of Roads and Urban Development, announced the approval of the increase in the loan for the renovation and construction of rural housing from 200 million tomans to 350 million tomans in the cabinet.
Referring to the five percent profit of the said facilities, he considered the government’s approval as good news for the rural housing sector and added: With the increase of 150 million tomans in the rural housing facilities, we will see more prosperity of construction in the villages.
In addition, on January 4th, the central bank issued a circular to 9 banks to increase the individual ceiling of housing facilities for villages and cities under 25,000 people in the amount of 350 million tomans with an interest rate of 5%. Based on this, 9 Amel Mellat, Housing, Trade, National, Export, Sepah, Workers’ Welfare, Agriculture and Postbank banks were obliged to pay the new facilities.
In this context, the vice president of rural housing affairs of Maskan Foundation in an interview with IRNA’s economic reporter added: 9 operational banks that have been appointed by the central bank to pay these facilities have started notifying the provinces of the facilities from today.
“Majid Jodi” pointed out: Applicants can register their request to receive facilities by visiting the branches of the mentioned banks.
He stated: Housing Foundation will introduce 350,000 applicants to the banks, and there are already 100,000 ready files in this field, and those who have applied can complete their cases by referring to Housing Foundation in provinces and cities.
The Deputy of Rural Housing Affairs of the Housing Foundation continued: Those applicants who previously applied for a 200 million Tomans facility and have not yet received this facility, their loan will automatically increase to 350 million Tomans.
According to Judy, the repayment installments of the new facility with a five percent interest rate will be about three million and 500 thousand Tomans per month.
According to this report, last year the rural housing loan increased from 100 million tomans to 200 million tomans, but this year it has increased from 200 million tomans to 350 million tomans.