Banking and insuranceEconomical

The marriage loan facility circular was announced


According to the Iran Economist, quoting the public relations of the Cooperative Development Bank, banks are required to pay the facility based on the applicants’ credit, at most by taking a promissory note from the applicant or a valid guarantor. The Central Bank and the operating banks and all relevant managers and employees are responsible for the proper implementation of the provisions of this paragraph.
Accordingly, the marriage loan facility for each of the couples whose marriage date was after 1/1/1397, is 120 million Tomans and with a repayment period of 10 years.
Gharz al-Hasna marriage facility for couples under twenty-five years and women under twenty-three years is 150 million Tomans. All banks are required to announce on a monthly basis the number of Qarz al-Hasna marriage facilities paid and the number of people waiting to receive these facilities.

Also, according to the provisions of Article 50 of the Comprehensive Law of Services to Veterans, the people mentioned in the mentioned law are subject to receiving twice as much marriage loan as ordinary people.
It is worth mentioning that in the budget of 1400, each couple was paid 70 million Tomans in facilities.

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