The regulatory-credit package to facilitate and accelerate the marriage loan was announced
According to Iran Economist From the central bank, this circular is based on note 16 of the budget law of 1402 and in order to facilitate and speed up the assignment of applicants in the queue of banks and for the payment of marriage loan facilities and the necessity of determining the assignment of applicants in the queue to receive marriage facilities in the current year and the previous year and Reviewing the performance of banks, the “Monitoring-Credit Package Facilitating and Accelerating the Payment of Marriage Loans” will be announced from June 20.
From the date of notification of this letter until 20 September 1402, the operating bank must pay the marriage allowance according to the quota notified by the Central Bank. The said performance will be monitored and re-examined every 14 days. In case of deviation from the payment, while considering the deviation in the evaluation index of that bank, the issue of the amount of deviation will be announced to other competent authorities.
In this circular, it is emphasized that the bank should determine the applicant’s branch within 15 days after the registration of the applicants. After determining the branch and completing the documents, the amount of the facility should be deposited into the applicant’s account within a maximum period of 10 days.
Amel May Bank should expand and connect its branches to the marriage system in all cities and towns of the country. In order to manage the registration of applicants and facilitate the registration, daily more than 7 banks in each province will be active in the marriage loan facility system regardless of the monthly quota.
According to the guarantees emphasized in paragraph (b) of note (16) of the current year’s budget law, the operating bank must closely monitor the receipt of the aforementioned guarantees and provide the level of facilitation according to the bank’s emphasis.
By the end of this week, the operating bank should take steps to formulate specific instructions regarding the way to guarantee marriage loan facilities within the framework of the provisions of the relevant legal clause as described below and while publishing it publicly on its website, it should also inform this management:
A) How to validate the applicant (using the credit score of the National Validation System or the bank’s internal validation systems and announcing the minimum acceptable score/rank) in order to receive marriage facilities without a guarantor.
b) The exact process of verifying the subsidy account or equity shares of applicants or first-degree relatives or other financial assets (except for the verification of property, which is prohibited).
Under no circumstances is the operating bank allowed to accept more than one guarantor for the payment of the marriage loan facility.
The operating bank should conduct periodical and case inspections of its branches and deal decisively with the heads of the offending branches.
Inspectors of the Central Bank, while carrying out special in-person inspections of the branches of that bank, have closely monitored the aforementioned process, and in case of any violations, especially taking guarantees beyond the provisions of the current year’s budget law and the bank’s recommendations, regarding the dismissal of the heads of the branches. will take action
Based on the plans made by the supervision area of the Central Bank regarding the banks that have good performance in paying micro-facilities, the amount of micro-facilities paid by them will be considered as a positive performance in the growth of the balance sheet.
In case of performance exceeding the respective quotas by the bank branches, the said branches should be encouraged by the CEO of the bank. It is necessary for that bank to formulate the relevant incentive recipe within a week and send a copy to this management while notifying the branches of that bank.
Although in the annual budget law, Mehr Iran and Resalat Banks are exempted from paying marriage loan facilities, according to the agreements made, they should proceed with the full payment of the facilities to the applicants in their ranks.
Aml Bank should activate a method to receive public complaints to register complaints about marriage loans and other micro-facilities within a maximum of one working week. In addition, it is necessary to handle the registered complaints regarding the marriage loan facilities as a priority and send them to the complaints and demands handling department of this bank along with the weekly complaint performance report.
In addition to raising their questions and problems, applicants for marriage facilities can contact the Central Bank through the CRM system and with the number 2706.
At the end of this circular, it is emphasized to notify the relevant executive units of banks and credit institutions as a matter of urgency, and a copy of the relevant notification should be sent to the central bank.