Banks gave 659,000 marriage loans worth 344 trillion rials ($1.37 billion) to newlyweds since the beginning of the current fiscal year last March to December 10.
According to Ali-Asghar Mirmohammad-Sadeghi, the Central Bank of Iran vice governor for credit department, marriage loans have continued since inception in 1985 and are reflected in government budgets in the past five years. Marriage loans are interest-free bank loans to be repaid in five years.
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