Security Deposit Loan Ceiling Raised 

The Central Bank of Iran has announced higher ceilings for security deposit loans to help the low-income strata rent a home. 
As per a press release seen on the CBI website, banks and credit institutions are required to provide eligible applicants loans for renting a home up to 1 billion rials in Tehran City, up to 700 million rials in other big cities and up to 400 million rials in other urban areas across the country. 
Banks must check the applicant’s and the spouse's financial condition with the CBI to ensure that they have not taken out previous housing and construction loans from the banking system.