20292
Young Adults Offered 750m Rials in Loan
Economy, Business And Markets

Young Adults Offered 750m Rials in Loan

Bank Maskan raised mortgage ceiling for the holders of “Youth Savings Accounts” in Tehran to 750 million rials ($25,800 at official exchange rate) from 670 million rials ($23,000), said Mohammad Hashem Botshekan, the bank’s CEO, as reported by IRNA on Tuesday. Further information on repayment schedule and interest rates has not been released yet. First introduced in 2000, Youth Savings Accounts are a type of investment deposit targeting customers below 18. The customers may deposit on a monthly basis in the bank during a 5-15 year period to become eligible to receive housing loans amounting to 750 million rials.

 

Short URL : http://goo.gl/6ol9q3

You can also read ...

President Rouhani Officially Inaugurates Tabriz 2018
A glittering ceremony attended by President Hassan Rouhani was...
Audi Recalling 1.16 Million Vehicles
Volkswagen AG’s luxury unit Audi said on Tuesday that it was...
E-Jing GT electric sports car concept
The Beijing International Automotive Exhibition is a barometer...
Pensions Account for Biggest Share of Treasury Payments
Payments to the Civil Servants Pension Organization accounted...
While Iran currently produces about 400,000 tons per year of aluminum, consumption is around 600,000 to 700,000 tons.
Iran is on track to launch a new aluminum smelter early next...
In its meeting on Tuesday, the Money and Credit Council, headed by CBI Governor Valiollah Seif, approved further cuts to interest rates levied on Housing Savings Account.
Iran's highest financial decision-making body has approved...
Bank Branches Shrink
Iranian banks have shrunk by 0.3% in the previous quarter...
A host of high-level officials, including several ministers, CBI Governor Valiollah Seif and two deputies of President Hassan Rouhani were present at the meeting on April 25. 
Iran’s First Vice President Es’haq Jahangiri on Wednesday...

Trending

Googleplus