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$760 Million in Loans to First-Time Homebuyers

$760 Million in Loans to First-Time Homebuyers $760 Million in Loans to First-Time Homebuyers

Bank Maskan, the agent bank of Iran's housing sector, has paid a total of 89,000 billion rials ($760.68 million) in home loans under the Housing Savings Account scheme since its launch in June 2015. 
About 595,000 applicants have made deposits in the government-owned bank for its mortgage loan program in the first four years of HSA, Bank Maskan CEO Abolqasem Rahimi Anaraki was quoted as saying by the bank’s website HIBNA. 
In the fiscal 2015-16, a total of 40,000 HSA deposit accounts were opened at Bank Maskan, followed by 135,000 accounts in the fiscal 2016-17. The largest number of HSA accounts opened in one year was in the fiscal 2017-18 with 217,000. 

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