Title: “30 Million Rials in Monthly Installments for Home Loans – A Challenge for Buyers?”
New Housing Loan Policy Unveiled
Ali Khorsandian, CEO of Bank Maskan, announced key updates on the National Housing Movement’s loan scheme during a press conference. Under the new policy, individuals can access loans up to 500 million tomans, while married couples qualify for 1.2 billion tomans, including additional incentive loans (javaleh).
High Installments Raise Concerns
Khorsandian acknowledged that monthly repayments—ranging between 27 to 30 million tomans—pose a significant financial burden, particularly for young couples. He admitted that the current loan ceilings do not align with real estate market prices, creating hurdles for prospective buyers.
Loan Caps vs. Market Realities
In Tehran, individuals can borrow up to 500 million tomans, with an additional 260 million tomans through incentive loans. For couples, the combined ceiling reaches 1.26 billion tomans. However, Khorsandian noted that these amounts remain insufficient given soaring property prices, complicating financing for many applicants.
Repayment Feasibility in Question
The CEO emphasized that repaying such high installments is unrealistic for many applicants, with average monthly payments nearing 27 million tomans. Young couples, in particular, may struggle to meet these obligations.
Loan Breakdown
| Loan Type | Loan Amount | Monthly Installment |
|---|---|---|
| Individual Loan | 500 million tomans | 27–30 million tomans |
| Couple Loan | 1.2 billion tomans | 27–30 million tomans |
Future Financing Solutions
Khorsandian expressed optimism about expanding financial support, stating, “We must enhance financing mechanisms to better address applicants’ needs.” Efforts are underway to explore solutions that ease affordability while sustaining the housing initiative.
This article reflects the latest updates on Iran’s housing loan policies, highlighting both opportunities and challenges for buyers.
