Economy, Business And Markets

Maskan Fees Cut in Half

Maskan Fees Cut in HalfMaskan Fees Cut in Half

Bank Maskan, specializing housing mortgage, has lowered its fees for issuing repayment guarantees for installment sale contracts from 5% to 2.3%, according to the bank CEO, Mohammad Hashem Botshekan. The move comes after talks with builders to help pull the market out of the prolonged recession, reported Tuesday. The housing bank is offering repayment guarantees to builders wanting to sell their property on installment.