EconomicalHousing

Mortgage payment in 4 stages / How much is deposited in each stage?


According to Tejarat News, the government is implementing the plan of the National Housing Movement. According to government members, up to 50 percent of the cost of housing is provided through facilities.

The amount of this loan is 450 million Tomans for applicants from Tehran, 400 million Tomans in cities with a population of over one million, 350 million Tomans in provincial centers, 300 million Tomans in other cities and 250 million Tomans in villages.

According to Trade News, the payment mechanism Mortgage In government plans, the loan amount goes to the builder, but the loan is in the name of the applicant and the installment must be paid by the registrant.

Therefore, the money of this loan is not given to a person, a contract is concluded and it is generally given to the mass producer through the applicant’s file. After completing the project and delivering the units, the loan payment book is given to the applicant and the loan is returned to the bank.

According to the Deputy Minister of Roads and Urban Development, the method of granting facilities is in stages and in proportion to the physical progress of the project (gradually) in each of the stages.
In fact, the developers receive the loan in four stages. For example, Tehran builders borrow 45 million tomans (10% of the loan value) in the first stage. Builders can get this loan to build the foundation stage.

In the second stage, after the construction of the building skeleton, the amount of 180 million Tomans, equivalent to 40% of the loan value, will be paid. In each of the third (hardening) and fourth (joinery) stages, 112.5 million Tomans will be paid.

Given that amount Mortgage For cities and villages it is less, the amount of loan that is paid at each stage is also less.

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