The interest rate of the National Housing Movement loan will decrease – Tejaratnews
The Minister of Roads and Urban Development announced that the Central Bank has agreed to reduce the interest rate of the National Housing Movement facility. In this regard, he said: By increasing the capital of the National Housing Fund, we will finance the loan interest of worn-out structures.
According to Tejarat News, Mehrdad Bazarpash, Minister of Roads and Urban Development, recalling that a 550 million Toman facility has been approved and announced in the National Housing Movement, stated: Our next goal is to reduce the interest rate and to step it up, which has now been accepted by the Central Bank. But it is still insufficient and we have to lower the rate.
Quoting Tasnim, he continued: The same amount has been considered in the area of worn-out fabric, but we are trying to increase the capital of the National Housing Fund from the available resources so that it becomes a support for us to provide subsidy for the profit of worn-out fabric facilities. This is what we have done in the field of rural housing.
On March 18 of last year, the Minister of Roads and Urban Development, on the sidelines of the operation of 2,200 housing units in Mehr Shahr New Hashtgerd, said about the increase in the cost price of the National Housing Movement: We are solving the problem of the increase in the cost price of the National Housing Movement units with other methods. bring people to decrease.
The interest rate of the National Housing Movement facility
Bazarpash reminded: the interest rate of the National Housing Movement facility is 23%, which will decrease with the president’s emphasis on its high rate.
The Minister of Roads and Urban Development said: Two days ago (March 16, 1401), a meeting was held in the Money and Credit Council, where the Ministry of Roads and Urban Development presented its plan regarding the interest rate of facilities and its reduction.
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By stating that we are waiting for the relevant committee’s opinion regarding the interest of the facility, Bazarpash emphasized: By the end of the year, the reduction of the interest rate of the National Housing Movement will be finalized.
The Minister of Roads and Urban Development added: “Difficulties have been created in the final price for applicants with initial income, and we have considered ways to reduce the final price for applicants who are covered by support institutions.”
Loan installments of 4 tenths in the National Housing Movement Plan
According to Hamshahri Online, before this, Hadi Abbasi, the Deputy Minister of Housing and Construction of the Ministry of Roads and Urban Development, announced last week: in the Supreme Council of Housing, with the support of the President, a 400 million tomans loan for the National Housing Movement, 15 years with 2% interest for One to four tithes of the applicant were allocated.
He added: Also, 300 million tomans of 15-year facility for the third and fourth deciles with two percent interest has been considered for housing construction.
According to this report, due to the fact that it is free in the National Housing Movement Plan, if it costs about 10 million tomans per square meter to build a 70-meter unit, about 700 million tomans is needed.
On the other hand, a large part of the problem of the deprived classes was that they were not able to pay their assigned share, so for this purpose, the government, with a supportive view, in addition to granting free land, in the Supreme Housing Council, paid this amount of facilities at 2% interest. approved
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The housing loan was one billion tomans
Meanwhile, if we calculate the amount of installments of this loan based on payment in a simple way, the monthly installment amount of the facility is 400 million tomans with 2% interest and 15-year repayment is about 2 million 500 thousand tomans.
The total repayment of this facility will be equal to 463 million Tomans, which means that the interest of this loan is equal to 63 million and 300 thousand Tomans.
Also, the monthly payment amount of 300 million Tomans loan with 2% interest will be about 1,930,000 Tomans and the total repayment will be 347 million Tomans, the total profit of this facility is about 47 million Tomans.