The Central Bank of Iran has instructed commercial banks to expedite marriage and childbirth loans.
As per a bylaw seen on the CBI website, lenders are also told to facilitate (ease) the lending process vis-à-vis collateral and guarantees demanded of borrowers.
Banks and credit institutions are required to process the loans within 10 working days after the application and submission of relevant documents.
In recent years banks have been under increasing pressure to lend to newlyweds following concern at the highest echelons of power over declining fertility rates and an ageing population.
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