Secrets about the 960 million housing loan that they hide from you

The price of facility bonds, which are used to bypass the queues of people waiting to receive mortgage loans, has grown continuously in over-the-counter transactions since the approval of the new ceiling. This means that those who beat the drum of despair and kept saying that the new mortgage doesn’t work, probably put you to work.

The loan for the purchase of housing from the facility bonds was doubled last week, so that in Tehran, couples can compete with 960 million tomans, relying on 800 million and 160 million tomans, and become home owners by resorting to their personal income. . Yes! In Tehran, the strength of this loan is low, but there is no sense in despair. In provincial centers and small cities with a population of less than 200,000 people, where the loan limit for married people is 640 million and 480 million tomans respectively, the situation can be managed much better. In our opinion, there are some other important secrets about home loans that are being kept from you for some reason.

Tehran housing loan for couples reaches a maximum of 960 million tomans. In order to reach the limit of the mortgage loan amount, you have to apply for two loans of 400 million and one loan of 160 million. According to the latest official statistics, the average housing price in Tehran was 55 million tomans. If we assume that the price of housing in Tehran remains at the same number of 55 million tomans per square meter, the value of 960 million that the couple receives together as a loan for the purchase of 1402 housing is equivalent to 17 square meters of residential apartments in the whole of Tehran.

Housing prices are lower in the southern neighborhoods of Tehran, and the Statistics Center says that in District 18, which is the cheapest part of the capital’s market, in January of last year, about 27 million tomans were exchanged for each square meter of residential apartment. In this way, with the same loan of 960 million, couples can look for a 35-meter apartment in neighborhoods like Yaftabad and…

Housing loans in big cities, which are the centers of provinces and cities with a population of more than 200,000 people, will be 800 million tomans this year. In order to reach this number, the first step is for the couple to apply for an individual housing loan of 320 million, and the addition of the Jaalah loan of 160 million will bring the total amount of the facility to 800 million. The bride and groom who, for example, receive a loan of 800 million in Kerman to buy a house, are able to finance almost half of the budget for buying a 70, 80-meter house with the help of this facility. In a city like Tabriz, where apartment prices in neighborhoods like Bahar, Azadi, and Hafez are lower than other areas, the same situation exists, and half of the budget for buying an apartment can be covered with the same 800 million.

1402 housing loans in small cities have a ceiling of 640 million. This amount will be paid on the condition that the couple register together for a 240 million individual loan and go for the 160 million Jaala facility.

According to the latest census, the population of a city like Mobarakeh in Isfahan province is estimated to be less than 70,000 people. There are many fully equipped apartments in this city, the price of which is below one billion tomans. In this way, the 640 million that a couple applying for a housing loan living in Mobarakeh will receive covers more than half of the price of a house. They keep saying that mortgage loan is low, maybe it is true in Tehran, but if you live in the city, the situation is different. So do not despair.

The mortgage loan of 960 million is not nationwide

Home loan from facility bonds is at least 240 million and at most 960 million. The floor of the mortgage loan is given to single people living in small cities. While the singles living in the city receive 320 million and the singles living in Tehran receive 400 million tomans housing purchase facility.

The mortgage payable to couples is double these figures. That is, the figure for housing loans for couples in small cities reaches 480 million tomans. If you apply for housing loans in provincial centers or cities with a population of over 200,000, you can get two loans of 320 million and a total of 640 million in housing purchase facilities. In Tehran, a couple is granted a loan of 800 million to buy a house, but it is not over yet…

Applicants for housing facilities, whether they are married or single, can apply for a loan at the same time as submitting a loan application, in addition to the principal of the facility. The amount of home improvement loan is 160 million Tomans throughout the country and only one home improvement loan is granted to each registration plate.

Housing loan for couples in case of adding Jaala facilities in Tehran will reach a maximum of 960 million Tomans. Singles living in Tehran can increase their capacity up to 560 million tomans by receiving Jaala loan.

The installment of the housing repair loan is calculated separately from the purchase loan and its repayment period is five years

The power of housing loans in provincial centers and cities with a population of over 200,000 will increase to 800 million tomans for couples and 480 million tomans for singles. Couples living in small cities can get a loan of 640 million by applying for a Jaala loan, and if the applicant is single, the maximum amount of housing loan for him, including the rental facility, reaches 400 million tomans.

The installments of the mortgage loan are calculated and received separately from the housing purchase facility, and although the interest rate is 22.5%, you must settle it within five years. In this way, each installment of the mortgage loan will be about four million and 460 thousand tomans.

The minimum and maximum amount of housing purchase facility

The mortgage is paid from the facility bond with an important condition; The loan amount should not be more than 80% of the property value. That is, if a couple intends to receive the total amount of 800 million tomans in Tehran, they should look for a house whose price is above 960 million tomans.

The ceiling of facilities payable to couples living in provincial centers and large cities with a population of over 200,000 is 640 million tomans. This group of applicants can request the entire amount of the facility provided that the house they are considering is worth at least 768 million Tomans. The limit of facilities payable to couples in small cities, i.e. 480 million tomans, will be the portion of only those who sit at the negotiation table to buy a house with a price of at least 576 thousand tomans.

Mortgage installments are not necessarily 20 million

The 800 million mortgage installment payable to couples living in Tehran is 16 million and 110 thousand tomans per month, without including the Jaala loan installment. After receiving a loan of 640 million tomans, couples living in big cities and provincial centers must pay monthly installments of 12,890,000 tomans.

The payable installments of couples living in small cities who manage to receive housing purchase facilities amounting to 480 million Tomans, reach 9,670,000 Tomans per month. If someone applies for a home loan individually in such a city and takes a loan of 240 million, he has to pay 4 million 830 thousand tomans monthly.

The mortgage loan installment of 320 million tomans can be paid to single applicants living in provincial centers and cities with a population of over 200,000, six million and 440 thousand tomans per month. If someone is single and applies for a home purchase facility in Tehran, he can get a loan of 400 million tomans, but he has to pay eight million and 600 thousand tomans monthly in installments.

The interest rate of housing loan from facility bonds in urban areas is usually 22.5% and the applicant will have 12 years to repay the loan.

The mortgage installment can also be paid in steps. With this, you, as a couple living in Tehran and receiving 800 million Tomans facilities, must pay 14,635,000 Tomans to the bank in the first year. The amount of installments in the following years will be increased by steps of three, five and 9%. Choosing the stair method with the 9% growth model helps. The mortgage installment paid by this couple starts from around 12 million and then reaches 30 million and 700 thousand tomans in the last year.

Stepwise payment of mortgage installments has the advantage that due to the inflation process, the pressure of paying installments on the applicants decreases every year.

The installment of the home repair loan is calculated separately from the home purchase loan and its repayment period is five years. Including the annual interest rate, each applicant must pay four million and 464 thousand tomans to the bank to receive a loan for housing repairs. If you are a resident of Tehran and take out a housing loan with your spouse at the same time, you will have to pay 20,574,000 tomans a month for five years, but after five years, the installment pressure will be reduced by 4,460,000 tomans.

Comparison of monthly mortgage installments for couples

Comparison of monthly mortgage installments for singles