Who is granted a housing loan? – Tejarat News
According to Tejarat News, the housing construction loan is granted to those who are eligible to receive it. This facility has a specific ceiling and receiving it requires special conditions, which we will explain in the rest of the article.
This loan can be given by the banks as a part of the housing construction cost to qualified applicants as a subsidy for housing construction. There are different types of this loan, which we have explained in detail below.
Types of housing loans
There are several different types of housing loans. Housing construction facility from the first housing savings fund account, housing construction facility from the premium bonds using the housing facility, civil partnership facility for the construction of a residential unit from the youth housing savings account and rural housing construction facility are among the loans that are used for construction Housing is granted to qualified applicants.
The amount of housing loan in 1402
Housing construction loans increased this year compared to last year and reached 600 million tomans. Of course, the ceiling of this loan is different in different cities. Based on the size and population of the cities, the amount that people can receive as loans and housing construction facilities is determined.
In the following list, the amounts of housing loans in different cities are mentioned:
Loan of 600 million Tomans: This loan is intended for the construction of housing in the provinces of Tehran, Shiraz, Isfahan, Mashhad, Ahvaz, Tabriz, Bandar Abbas, Bushehr, Karaj, Qom, Sari and Rasht.
Loan of 500 million tomans: This loan is given to those who intend to build housing in other provincial centers or to build houses in cities with more than 200 thousand people.
450 million tomans loan: This loan is granted to applicants who are not in the first and second categories of cities.
Loans of 300, 350 and 400 million Tomans: These loans are granted to people who intend to build houses in cities with a population of less than 200,000 people and the ceiling for these cities is 300, 350 or 400 million Tomans.
Keep in mind that these amounts have been determined as the payment limit for housing construction loans, and different banks consider and pay an amount for providing housing construction loans to the applicant according to the budget of their fund as well as the applicants’ conditions. This amount can be different according to the fund capacity of different banks; Therefore, before applying for a home loan, inquire about the amount and amount of the loan from your desired bank.
The duration of the housing construction loan repayment period
Different banks consider various plans for granting loans and housing construction facilities, which have different conditions in terms of the number of installments, repayment period, etc. Therefore, we suggest you to inquire about different housing construction loan plans from banks and finally, choose the loan that has the most suitable conditions for you.
Despite this, regarding the repayment period of the housing construction loan, keep in mind this general point that among the various housing construction loan plans offered by the banks, the maximum period of time for the repayment of this loan was 12 years, and the recipients will finally have until the end of this period. They have a deadline to pay their loan installments.
Interest percentage of housing loan
Although the determination of the amount of interest that the bank receives for the housing construction loan is different according to the conditions of the loan you have received, but currently a certain ceiling has been considered for the interest of this loan. The interest ceiling for loans and housing construction facilities in banks is 18%.
Keep in mind that this amount of interest is only for large loans, i.e. housing construction loans of 300 million tomans to 600 million tomans. For loans with smaller amounts, the interest received is determined according to the amount of the loan you have received, and the interest is much lower.
Necessary conditions to receive this loan
Housing construction loans are offered by different banks, so the conditions for obtaining them may be slightly different in different banks. However, there are some general conditions for getting a home construction loan, which we have listed below:
Applicants must be over 18 years old
– Applicants must have independent income.
– Applicants must not have a bad account history.
– Applicants should not have a history of bounced checks.
– Applicants should not have a history of non-payment of loan installments and facilities,
– Applicants for housing construction loans from a bank must not have received any other housing-related loans from that bank.