Business And Markets
0

Iran's Central Bank Raises Home Loan Ceiling

Iran's Central Bank Raises Home Loan Ceiling  Iran's Central Bank Raises Home Loan Ceiling

In a move to stimulate the sluggish housing market and increase homeownership, the Money and Credit Council - a major monetary decision making body - agreed to raise the ceiling of house construction loans. 
According to the CBI website, each applicant in Tehran is eligible for up to 1 billion rials ($7,700) in home construction facilities. The ceiling for couples is 1.6 billion rials ($12,300) (800 million rials each). 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com