The growing process of granting credit facilities in the Bank of Entrepreneurs
According to the financial news report, citing the public relations of Entrepreneur Bank, in order to promote the tradition of good marriage, from the beginning of 1402 to the end of October, 1914 people who applied for a marriage loan paid the facilities of Qarz al-Hasne marriage equal to 3882600 million Rials to the applicants.
According to this report, until now, all the applicants for Qarzul-Hosna marriage loan were introduced to the bank’s branches and currently 924 applicants are going through the steps to obtain the loan.
Marriage facility
The process of getting a marriage loan facility at the Bank of Karabhan is as follows; Each of the couples must be registered and registered in the Central Bank’s marriage loan facility system. Then, by the supervision of the bank specified in the system on behalf of the applicant, the branch that pays the facility is specified and an SMS is sent to the registrant to register the information and start the next stage of receiving the facility.
At the last stage, the applicant must go to the branch and submit the necessary documents to complete his case and receive his marriage loan.
It is worth noting that this process should not take more than one month, otherwise the applicant must register again.
Payment of childbearing facilities to 793 people
Also, in order to promote the culture of having children and after announcing the circular of the Central Bank regarding the provision of childbearing facilities in the first seven months of this year, 793 applicants for childbearing facilities received facilities equal to 466,200 million Rials.
According to this report, currently 786 applicants are going through the steps to obtain the loan facilities for having children in the operating branches.
According to the circular issued by the Central Bank to the banks, the provision of loan facilities for childbearing is on the agenda of the Bank of Entrepreneurs.
In this way, banks are obliged to pay the described facility based on the applicant’s credit, by taking a promissory note from the applicant or a valid guarantor, as explained below.
According to the law, for children who were born in Iran since 1400 and whose fathers also have the citizenship of the Islamic Republic of Iran, the loan facility for childbearing is 30 million tomans for the first child, 60 million tomans for the second child, per child. 90 million tomans for the third child, 120 million tomans for the fourth child, and 150 million tomans for the fifth child. Also, child bearing facilities are granted to people whose birth rate of the city of father’s or child’s birth place is not higher than 2.5.
Childbearing facilities are paid without deposit and with a six-month breathing period to start the installments. However, in case of confirmation of the long-term investment deposit, the applicant will be exempted from introducing a guarantor or presenting a promissory note.
Childbearing facilities are paid annually with a fee of 4%, and in the case of the birth of twins or more, a loan is granted for each child, and the order of birth is taken into account.
Borrowing loans are allocated only to people who register in the Central Bank’s Borrowing Loan facility system, which is the same system related to marriage loan facilities, and its procedure is the same as a marriage loan, after registration and approval by the Central Bank. It will be sent directly to one of the branches of the Bank of Entrepreneurs and it will be payable by the said branch.
Eligible applicants (fathers) for those born from April 1, 1400 onwards and up to 2 years after the child’s birth, can register their application in the relevant system, and if during the repayment period of the child birth facility, another child of the applicant was born, it is possible to pay the said facility to the next child according to the terms of this instruction.