22383
22% of Marriage Loans Offered by Saderat
Economy, Business And Markets

22% of Marriage Loans Offered by Saderat

Bank Saderat outperformed 19 banks in terms of providing young couples with marriage loans over the last Iranian year (ended March 20, 2015). Granting 22% of total marriage loans, Saderat allocated 10.74 trillion rials ($37 million at official exchange rate) in total to 263,000 young individuals. Moreover, the private lender provided 16,000 newly married couples with over 1 trillion rials ($3.5 million) in loan aggregately during the first quarter of this year, Banker news website reported on Thursday. Marriage loans amounting to 30 million rials ($877) for each applicant are offered as a government-backed scheme at 4% interest to financially support young couples. The issue has recently come under the spotlight after political leaders encouraged young people to marry and have more kids to compensate the slow pace of population growth.

Short URL : http://goo.gl/Ms4Y77

You can also read ...

Gov’t Mulling Creation of Forex Open Market
The government has agreed to consider a business community...
India Looks to Operationalize Chabahar by 2019
India is trying to make the strategic Chabahar Port in Iran...
Samer al-Khalil
Syria is ready to establish a rail link with Iran through Iraq...
Gioia Tauro, the port from where Gruppo Ventura shipped locomotives to Iran
From its headquarters in Calabria, the poorest, least-...
No New Shopping Malls Allowed in North Tehran
Construction permits will no longer be issued for new shopping...
Tehran to Host 2 Int’l Food Expos
The Federation of Iranian Food Industries Associations is...
ICJ to Hear Iran’s Lawsuit Against US Over Frozen Assets
The UN's top court will in October hear a case brought by Iran...
Smuggled Copper Ingots Seized
Customs officials at Khorasan Razavi Province’s Sarakhs, the...

Trending

Googleplus