17.5% Rise in Housing Loans

Bank Maskan, the agent bank of Iran’s housing sector, declared in its latest report that the value of loans allocated in the last fiscal year that ended on March 19, 2020, increased by 17.5% compared with the year before. 
According to the report published on its official news portal Hibna, the bank handed out 636,723 counts of a variety of loans worth 301,360 billion rials ($1.86 billion). 
These loans include those for home construction, which do not require down payments or initial deposits, in addition to loans for the purchase and renovation of homes.