Terms and conditions for the loan of 440 million
The marriage loan of 1402 increased to 180 million Tomans per person with the approval of the parliament. This is the minimum amount that can be paid to the applicants, which will reach 360 million Tomans if the husband and wife apply at the same time. As in recent years, in order to encourage marriage at a young age, girls under 23 years old and boys under 25 years old are given 220 million Tomans of marriage loans. If the man is over 25 years old and the girl is under 23 years old, they will be given 400 million loans. There is also a third mode; If both husband and wife have such a situation, they will receive 440 million Tomans.
The 1402 marriage loan is paid with a 10-year repayment period, and the applicants must settle the installments with a four percent fee in addition to the principal amount. The installment of the marriage loan of 1402 with the figure of 180 million is calculated as one million and 636 thousand tomans per month and with the figure of 220 million as two million per month. Except for 10 months, which is calculated specially because of the same fee and may reach eight million and 800 thousand tomans.
The installments of the 1402 marriage loan are paid with a four percent fee and a 10-year repayment period within 120 months. Recipients of a loan of 180 million tomans must pay monthly installments of 1.636 thousand tomans. The four percent fee will be deducted over 120 months so that the applicants pay back the 10 installments with a higher figure to the bank. For example, the first installment of a loan of 180 million will be seven million and 200 thousand tomans. The first installment of the second year reaches six million and 480 thousand tomans.
The installment of the marriage loan of 1402, amounting to 180 million tomans, will be five million and 760 thousand tomans at the beginning of the third year and five million and 40 thousand tomans at the beginning of the fourth year. At the beginning of the fifth year, you must pay an installment of 4,320,000 Tomans, and the sixth year will begin with an installment of 3,600,000 Tomans.
The installment of the marriage loan of 180 million tomans at the beginning of the seventh year is two million and 880 thousand tomans. At the beginning of the eighth year, you have to pay two million 160 thousand tomans, and at the beginning of the ninth year you have to pay one million and 440 thousand tomans. The first installment in the 10th, that is, the year 1502, reaches 720 thousand tomans, which, considering the inflation, can be guessed, the pocket money will not be more. Except for these 10 installments, which are exceptions, the rest of the installments during the 10-year repayment period of the 180 million Tomans loan, as we said, is 1,636,364 Tomans. If a husband and wife apply for a marriage loan together and receive 360 million, it will be multiplied by two. It means that in normal months you have to pay about three million and 273 tomans.
The marriage loan of 1402 has a minimum value of 180 million and a maximum of 220 million per person. According to the law, the repayment of the marriage loan is done with a four percent fee, and the recipients will have 10 years or 120 months to pay the installments. If the husband and wife act simultaneously, both of them will be granted a marriage loan of at least 360 million tomans. If one of them is subject to the youth law, they will receive 400 million marriage loans, and if the bride is under 23 years old and the groom is less than 25 years old, they will receive the marriage loan limit of 1402, which is 440 million tomans.
The installments of the 1402 marriage loan are paid with a four percent fee and a 10-year repayment period within 120 months. In this way, recipients of 220 million Tomans loans must pay two million monthly installments. The four percent fee will be deducted over 120 months so that the applicants pay back the 10 installments with a higher figure to the bank. For example, the first installment of a loan of 220 million will be eight million and 800 thousand tomans. The first installment of the second year reaches seven million and 920 thousand tomans.
The installment of the marriage loan of 220 million at the beginning of the third year will be seven million and 40 thousand tomans. The first installment of the fourth year is equal to six million and 160 thousand tomans and the first installment of the fifth year is five million and 280 thousand tomans. When paying the first installment of the 6th and 7th years, you should transfer 4 million 400 thousand tomans and 3 million 520 thousand tomans to the bank account, respectively.
The installment of the marriage loan of 220 million tomans at the beginning of the eighth year will be two million and 620 thousand tomans. The ninth year starts with the payment of one million and 760 thousand tomans, and at the beginning of the tenth year you have to pay an installment of 880 thousand tomans. We are talking about the year 1502, a year when considering the inflation, the figure of 880 thousand tomans will probably be petty cash.
The installment of the marriage loan of 220 million, except for these 10 months, is two million tomans. If a married couple is entitled to receive this amount and they get a marriage loan of 440 million, they will pay 4 million installments in normal months and their first installment will reach 17 million 600 thousand tomans.
Learn more The marriage facility is paid to couples whose marriage date was registered after the first day of April 1397 and who have not received a marriage loan so far. The age requirement is not specified in the marriage loan payment rules; For example, this year 914 loans were paid to people over 50 years old, of which 296 people were over 60 years old. If you have not received a loan in the previous marriage (or marriages), you can apply in the new year. Also, if you have already registered, but for whatever reason you have not received a loan yet, you can cancel the previous registration and apply again in order to receive a higher amount. In this case, you will get a marriage loan of 120 million, 180 million instead
Marriage loan registration is done without going to banks. Usually, the new figure is announced at the end of March and it will be finalized along with the Parliament’s approval of the budget. Registration is done in the second half of the new year. The experience of the past years says that the marriage loan registration of 180 million and 220 million will most likely be done in the second half of April 1402, and applicants can start counting on it from April.
Marriage loan registration is done in the ve.cbi.ir system, and at least at the beginning, you don’t need to go to the bank in person. In the registration process, applicants can choose one of the operating banks. The system itself recommends choosing a bank that can provide a guarantor. This message means that before choosing a bank, find out about the conditions of the bank for getting a guarantor, so that the process of receiving the facility will be easier for you. The central bank says that the resources of the operating banks are charged by the central bank in the first week of every month to pay the marriage loan. Each bank receives a quota based on the number of registrations it receives. In this way, it will be possible for the applicants to re-select them as the bank responsible for paying the marriage loan at the beginning of the next month and after their quota is charged, but sometimes it is possible for the banks whose quota to pay the marriage loan is requested, the Central Bank From the beginning of the month, agree to their request and by extending the quota to pay the marriage loan, they can be selected as the operating bank in the system.
Applicants who have registered on the system to receive a marriage loan before 1402 and have not yet succeeded in obtaining a loan for any reason before filing the case, can cancel their application and re-register their application. In this case, instead of this year’s 120 million loan, you will be eligible for the 1402 marriage loan.
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