Payment of 190,000 loan items without guarantor from Iran’s Qarz-ul-Hosneh Mehr Bank

According to the financial news report, citing the public relations of Qarzul-Hosneh Mehr Bank of Iran, according to the statistics provided by the Ministry of Economic Affairs and Finance, Qarz-ul-Hosneh Mehr Bank of Iran has managed to occupy the fourth place in the payment of loans without guarantor.

Since the end of January last year, state banks have been obliged to only use validation as a criterion for paying loans of less than 100 million tomans and not to ask customers for guarantors.

Based on this, the Ministry of Economic Affairs and Finance in January 1400 issued a circular obliging state banks to pay microloans without guarantors, and from the beginning of February 1400, state banks put the payment of loans without guarantors on their agenda.

From the beginning of February last year to the end of November this year, banks have paid more than 445 thousand billion Rials in loans to 1 million and 216 thousand people.

Qarzul-Hosneh Mehr Bank of Iran has taken the fourth place in terms of loan disbursement without guarantor with 11%. Until the end of November, this bank has paid 190,000 loans without guarantor to the applicants who were eligible for this type of loan. The value of unsecured loans paid by Iran’s Qarz-ul-Hosna Mehr Bank reaches more than 51 thousand billion rials, and the per capita of these loans was about 270 million rials.