Economy, Business And Markets

HSA Mortgage Applicants Top 326,000

HSA Mortgage Applicants Top 326,000HSA 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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