What conditions do banks have for paying loans without guarantors?
According to Iran Economist, last year, the Ministry of Economy obliged state banks to provide facilities to applicants for microloans up to 100 million Tomans with validation without receiving a guarantor, and in the first stage, the beneficiaries were public and private salary earners and retirees. In the next stages, all people were supposed to be included in this plan, but the status of this issue has not been determined yet, and according to the officials’ announcement, receiving microloans has been facilitated by diversifying bank guarantees.
The terms of payment of benefits to the beneficiaries of the plan are as follows: for employees and retirees of government executive bodies, non-governmental public institutions and other reputable private sector companies, (only from the same bank branch where they receive their salaries), up to 50 million tomans, without a guarantor. With a salary deduction letter and up to 100 million tomans, without the need to provide a guarantor and only with a salary deduction letter along with a check or promissory note.
Employees of other private sector companies, from workshops, companies and small to medium economic enterprises, if they have a credit rating of A and B with the bank that receives their salary (at the discretion of the bank), they do not need a guarantor to receive a loan of 50 million tomans, and with Submitting a salary deduction letter, along with obtaining a promissory note or check, they can take action. In order to get a loan of 100 million tomans, these same people must provide a guarantor in addition to the above.
Of course, according to the announcement of the Ministry of Economy, if the credit rating of the mentioned persons, according to the bank’s judgment, is evaluated as C, whether for a loan of 50 million or 100 million, they must provide a valid guarantor as well as a promissory note or check, as the case may be.
In this context, the latest announcement of the Ministry of Economy indicates that from the beginning Bahman 1400 By the end of July this year, state banks have provided 15 thousand 931 billion 632 million Tomans of credit to 475 thousand 448 people.
In the meantime, the examination of the terms of loan payment without guarantor in state banks shows that the most frequent condition announced by the banks for the payment of this facility is to check the grade point average and the average account of the applicant. Of course, some banks also declare the applicant’s average salary in one year as the criterion for paying a loan without a guarantor.
in other words, According to the announcement of some banks, the average balance of the applicant’s account in the relevant bank will be reviewed within three to six months, and this review will determine the amount of the loan.
In this context, the credit officer of a government bank explains about the conditions for paying loans without a guarantor, that government employees can borrow equivalent to 10 times the average current account and six times the average of their short-term account without a guarantor.
He also announced the ceiling of this facility at 100 million tomans with an 18% profit.
In addition, another bank considers the main condition of paying a loan without a guarantor to check the account turnover and stated that it is important that the person has an account balance in the relevant bank.
This is despite the fact that there are no such conditions in the circular issued by the Ministry of Economy to the state-owned banks, and the Minister of Economy any additional conditions that are outside of the approvals in this regard. particle for direct object Violation He knew and announced that it will be dealt with.
Also, Khandozi asked the bank managers to respond to people’s complaints regarding unguaranteed loans within 48 hours and not to hesitate to change branch managers in case of bank violations in this regard.