Economy, Business And Markets

Bank Maskan Home Loans Up

Bank Maskan Home Loans Up Bank Maskan Home Loans Up

Latest figures published by Bank Maskan, the agent bank of Iran's housing sector, indicate that in the first month of the current fiscal year (March 21-April 20), both the number and value of loans pertaining to the sector have registered an increase.
According to the latest performance report published by the lender on its official website, the number of loans allocated this year for purchasing, renovating and building residential units increased by 30% compared with the corresponding period of the previous year.
During the month under review, a total of 14,413 loans aimed at the purchase, renovation and construction of homes were doled out to applicants, while 11,127 loans were extended in the same period of last year.
In the housing construction sector, the total number of loans allocated to applicants reached 3,164 in the aforesaid month. The facilities were handed out in the form of home construction loans that require no down payments or initial deposits and a variety of construction facilities from the Housing Savings Account, the lender's signature loan scheme.


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