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BMI Lends $471m to Newlyweds in 1 Year

BMI Lends $471m to Newlyweds in 1 Year  BMI Lends $471m to Newlyweds in 1 Year

Bank Melli Iran, the largest domestic lender, paid 239,000 plus marriage loans to newlywed during the last fiscal year that ended in March. 
According to BMI’s news portal, the total amount of loans were 75.05 trillion rials ($471.5 million), up 45% compared to fiscal 2018-19.
However, the state-owned bank paid the low-interest loans to smaller number of applicants last year. It had given 41.4 trillion rials ($260 million) to couples in more than 265,000 loans in fiscal 2018-19. 

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