Bank Melli Lends $43m to Newlyweds in 2 Months

Bank Melli Iran, the biggest lender, accepted 14,000 marriage loan applications worth 7.4 trillion rials ($43.5 million) during the first two months of current fiscal year (March 20-May 20). 
Marriage loans are interest-free loans with 5-year maturity lenders are obliged to grant to newlyweds. 
The state-owned lender paid more than 239,000 marriage loans worth 75.05 trillion rials ($450 million) during the last fiscal year that ended in March, indicating 45% rise compared to fiscal 2018-19, the BMI news portal said.