HSA Mortgage Applicants Top 326,000
HSA Mortgage Applicants Top 326,000
Wednesday, July 11, 2018

HSA Mortgage Applicants Top 326,000

Wednesday, July 11, 2018

HSA Mortgage Applicants Top 326,000

Bank Maskan said over 326,000 applicants have signed up for a popular mortgage scheme the lender launched three years ago.
Down payments required of the applicants under the Housing Savings Account initiative brought the bank 66.524 trillion rials ($1.58 billion) by May 21, which marked the end of the second Iranian month, exceeding the bank’s target by 189%.
According to Bank Maskan’s website, 95,021 out of a total of 326,139 accounts were opened by customers in the capital Tehran, who deposited 26.598 trillion rials ($633 million) in down payment. 
HSA is aimed at lending support to first-time homebuyers by offering facilities at low interest rates in return for an initial deposit held by the bank for at least a year.


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