Economy, Business And Markets

Cheaper Loans for Melli POS Users

Cheaper Loans for Melli POS UsersCheaper Loans for Melli POS Users

Bank Melli Iran is offering loans to its current accounts holders and POS terminal users. BMI customers can take out loans approximately five times their average daily account balance, the bank’s website reported. Loans are offered at rates 3% below the normal lending rates and should be repaid over one year. However, POS terminal users should have at least 100 transactions per month as well as a good credit record to be eligible for the loans.