What are the conditions for receiving a 200 million housing repair loan? – Tejarat News

According to Tejarat News, a housing repair loan or a repair loan is a type of facility related to the housing sector, which different banks have different conditions for paying and repaying. Among other things, these loans are usually paid in deposit and non-deposit types.

Housing loan

One of the most famous repair loans is the loan for home repairs. This loan is paid to homeowners and requires that you provide the bank with the deed of the home you have purchased. People who have an account in the Housing Savings Fund and those who get this loan by buying bonds can use Jaala loan. In fact, any home owner can get a home repair loan by verifying his property document to one of the branches of the paying banks.

Conditions for receiving housing repair loans

The requested amount for the home repair loan must be proportional to the income of the applicant and it is different depending on the policies of the operating bank. But the facility known as the 200 million housing loan is a loan that is granted to repair rural housing. According to the notification of the Central Bank to Housing Bank, the individual ceiling of rural facilities for each residential unit has reached 200 million Tomans, and the interest rate of this facility is 18% (5% of the applicant’s share and 13% of the National Housing Fund’s share).

Those applicants whose introduction letters were submitted and registered to the bank branches before the new notification and whose facility agreement was not registered in the registry office, if a new introduction letter is presented by the Islamic Revolution of Iran Housing Foundation (validity notified in 1401) can to benefit from the new notified facility ceiling.

The total period of construction and repayment of the said facilities is 20 years (3 years of participation period plus 17 years of installment sale period). In the implementation of the relevant resolution, the share of Maskan Bank in granting rural housing facilities is 30 thousand.

Read more reports on the housing news page.