Collateral-Free Loans
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$1.4 Billion Given in Collateral-Free Loans
EghtesadOnline: Bank Sepah was in the lead with $361 million to an estimated 630,000 applicants, accounting for 21% of the total. Mehr Iran Qarz Al-Hasanah Bank ranked next with $263m to 430,000…
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$1b Paid in Collateral-Free Loans
EghtesadOnline: Collateral-free loans are given to salaried workers and retirees struggling with the worsening cost of living crisis and galloping inflation – a troubling phenomenon now seen…
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Private Banks Not Receptive to Collateral-Free Lending
EghtesadOnline: The secretary of Private Banks and Credit Institutions Association says collateralization is crucial for giving loans and banks are not required to lend without collateral.
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Private Banks Not Receptive to Collateral-Free Lending
EghtesadOnline: The secretary of Private Banks and Credit Institutions Association says collateralization is crucial for giving loans and banks are not required to lend without collateral.
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Collateral-Free Loans Reach $1.26 Billion
EghtesadOnline: According to ministry data, Bank Sepah was the leading provider of such loans with 138.4 trillion rials ($392 million) to an estimated 477,000 applicants, accounting for 21% of…