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The big stone in front of the workers’ feet/ You have to pay 9.5 million mortgage installments in the first month


According to Tejarat News, with the increase in the mortgage loan, the repayment of the facility is supposed to be calculated in a staggered manner.

The head of the country’s housing foundation, announcing that the mortgage loan limit has reached 550 million tomans, said: the repayment of this loan is staggered and the installments of this loan should not be more than 40% of the minimum salary of the labor law.

This is while the first installment of this loan is 9.5 million tomans and it is against the minimum salary of workers.

Last week, the Money and Credit Council, after reviewing letter No. 24393 dated 17 May 1402, regarding the approval of the 6th meeting of the Supreme Housing Council, set the individual ceiling for housing support projects subject to Article 4 of the Housing Production Jump Law equal to 550 million tomans in all cities of the country. did

Before this, the mentioned loan limit was 450 million tomans for Tehran province, 400 million tomans for cities with more than one million population, 350 million tomans for provincial centers and 300 million tomans for other cities.

Recently, the head of the Housing Foundation has announced the repayment of the said facility in a staggered manner. In this case, the monthly installments of applicants for National Housing Movement projects will start from about 9.5 million Tomans and will increase to more than 16.6 million Tomans in the 12th month of the 20th year.

Calculation of the interest and installments of the 550 million tomans facility of the National Housing Movement shows that the total interest of the mentioned loan will be 2 billion and 508 million tomans. In total, the applicant must pay 3 billion 58 million 556 thousand Tomans for a loan of 550 million Tomans.

It should be noted that in the gradual repayment of the facility, the monthly installment of the 10th period (10th year) amounts to 12,370,000 Tomans. The installment of the 15th period (year 1417, if the payment of the facility starts from this year) will be 14 million and 473 thousand tomans.

In the 20-year repayment period of the said facility in a simple way, the amount of monthly installments will be equal to 10,653,000 Tomans. The total repayment of this loan in the 12th month of the 20th year is 2 billion 556 million 844 thousand Tomans. In other words, the benefit of the 550 million tomans facility of the National Housing Movement is 2 billion 68 million 443 thousand tomans.

Source: Tasnim

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