tag Loans

Subsidized Loans at $3b

EghtesadOnline: Since the beginning of the calendar year last March banks gave 1,650 trillion rials ($3.14 billion) loans to 1.889 million low-income applicants largely for youth marriage, childbirth and to those wanting to rent a home.
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Publish Date:10/March/2023 | 19:31

Gov’t Moves to Spur Collateral-Free Loans

EghtesadOnline: The Economy Ministry is apparently determined to compel banks to accept collateral-free microloan requests as it has set a deadline for state-owned lenders to submit a report to this effect.
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Publish Date:31/January/2022 | 16:39

Borrowers Struggling to Repay NDFI Loans

EghtesadOnline: The main challenge the National Development Fund of Iran is facing is the difficulty of borrowers in reimbursing loans, the fund’s deputy for banking and credit affairs said.
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Publish Date:12/January/2022 | 15:48

Compound Interest on Loans Is Still Contentious

EghtesadOnline: New rules governing bank loans passed by the Majlis this week, legally ban lenders from charging compound interest and is designed to help boost the business environment, lawmakers say.
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Publish Date:20/October/2021 | 14:21

Compound Interest on Loans Is Still Contentious

EghtesadOnline: New rules governing bank loans passed by the Majlis this week, legally ban lenders from charging compound interest and is designed to help boost the business environment, lawmakers say.
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Publish Date:19/October/2021 | 14:19

Loans Rise 50% to $33b

EghtesadOnline: Banks and credit institutions gave 9,007.8 trillion rials ($33 billion) in loans in the first five months of the current fiscal year (March 21-August 22).
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Publish Date:11/September/2021 | 13:37

$37m in Bank Loans for Iranian Startups

EghtesadOnline: Four local banks have reached a multilateral deal with the state-backed Iran National Innovation Fund to provide low-interest loans worth 10 trillion rials ($37 million) to emerging knowledge-based firms and startups.
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Publish Date:07/September/2021 | 13:48

Home Renovation Loans Top $60m Since March 2019

EghtesadOnline: Home renovation loans in underdeveloped urban areas have been paid to 21,348 applicants since March 2019 up until now, Mohammad Hassan Alamdari, an official with Bank Maskan, the state agent bank of the housing sector, says.
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Publish Date:30/June/2021 | 24:27

Budget Earmarks $15.7b as Home Construction Loans

EghtesadOnline: As per the Budget Law for the fiscal 2021-22, all banks and credit institutions must pay construction loans for a total of 1.2 million residential units in the current Iranian year that started on March 21, says Deputy Roads Minister Mahmoud Mahmoudzadeh.
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Publish Date:17/May/2021 | 18:23

Marriage Loans to Double Next Year

EghtesadOnline: The parliament has approved parts of the fiscal 2021-22 budget bills, based on which newlywed couples can receive marriage loans worth up to 1 billion rials ($4,000) next year.
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Publish Date:05/March/2021 | 20:18

NPLs Improve on Quarterly Basis

EghtesadOnline: Non-performing loans of Iranian banks and credit institutions were worth 1,770 trillion rials ($7 billion) by the end of the second quarter of the current fiscal year (Sept. 21), the latest data published by the Central Bank of Iran show.
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Publish Date:17/February/2021 | 20:09

$125m in Bank Loans for Mazandaran Agriculture Sector

EghtesadOnline: Mazandaran Province’s agriculture sector received a total of 30 trillion rials ($125 million) in bank loans during the first 10 months of the current Iranian year (March 20, 2020-Jan. 19), according to an executive with the Agriculture Bank of Iran, also known as Agribank.
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Publish Date:08/February/2021 | 14:08

State Fund Extends $112 Million in Loans to SMEs, Startup Ecosystem

EghtesadOnline: The state-backed Omid Entrepreneurship Fund has paid 28 trillion rials ($112 million) in loans to small- and medium-sized enterprises, knowledge-based companies and startups since the beginning of the current Iranian year (March 2020).
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Publish Date:01/February/2021 | 19:04

Bank Loans Almost Double

EghtesadOnline: Banks and credit institutions gave 12,199.4 trillion rials ($53 billion) in loans to economic sectors in the nine months since the beginning of the current fiscal year (March 20-Dec.20, 2020).
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Publish Date:29/January/2021 | 11:30

Q1-3 Housing Loans Hit $1.12b

EghtesadOnline: Bank Maskan, the state agent bank of Iran’s housing sector, paid a total of 1.47 million loans worth 257,800 billion rials ($1.12 billion) to applicants during the nine months to Dec. 20, 2020, registering a 43% growth in value compared with the same period of the year before.
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Publish Date:24/January/2021 | 17:16

Labor Ministry Rolls Out New Virus Loans Worth Over $300m

EghtesadOnline: Those engaged in transportation, tourism and handicraft industries, as well as sports and culture and arts will receive a new round of coronavirus loans worth upwards of 80,000 billion rials ($307 million), says Isa Mansouri, deputy minister of cooperatives, labor and social welfare.
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Publish Date:01/January/2021 | 17:33

36 Percent of Home Sales Financed by Bank Maskan

EghtesadOnline: Thirty-six percent of all homebuyers in the first four months of the current fiscal year (March 20-July 21) used Bank Maskan loans to finance their homes.
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Publish Date:08/September/2020 | 14:23

Cheap Loans for Artists

EghtesadOnline: Minister of Culture and Islamic Guidance Seyyed Abbas Salehi said a total of 1,200 billion rials ($5.26 million) in cheap loans will be paid to 75,000 artists next month.
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Publish Date:22/August/2020 | 24:56