National Bank of Iran Unveils 50 Million Tomans ‘Good Card’ Loan: A Financial Boost for Citizens
In the current economic climate, access to credit without the need for a guarantor is a crucial tool for individuals and families. Addressing this need, the National Bank of Iran has introduced its ‘Good Card’ (طرح کالاکارت) initiative, offering substantial loans to help citizens manage expenses, purchase essential goods, and invest in their well-being.
Key Details of the 50 Million Tomans Loan
The program provides a significant financial opportunity for eligible customers. Here are the core features:
- Loan Amount: Qualified customers can access loans of up to 50 million tomans. This substantial sum is designated for the purchase of essential goods, such as home appliances and electronics, and can also be used to cover medical expenses.
- Repayment Term: Borrowers are offered a flexible repayment period of 12 to 24 months (1 to 2 years). This allows for manageable monthly installments tailored to individual financial capabilities.
- Competitive Profit Rate: The loan carries a competitive profit rate of approximately 18%, making it an attractive option compared to other financing avenues in the market.
- Eligibility: The loan is available to all active account holders of the National Bank of Iran. Furthermore, it is specifically designed for use at contracted retail stores partnered with the bank.
Eligibility and Conditions for Application
To qualify for the ‘Good Card’ loan, applicants must meet specific criteria set by the National Bank:
- Active Account: Applicants must hold an active account with the National Bank and maintain a positive banking history.
- Positive Credit Assessment: The bank will conduct a standard credit assessment prior to approval. A clean banking record with no history of bounced checks significantly increases the chance of a successful application.
- No Guarantor Required: A major advantage of this initiative is the elimination of the need for a formal guarantor, simplifying the application process. However, the bank may request a promissory note or personal check as a standard security measure.
- Designated Use: This loan is exclusively for purchases at the National Bank’s contracted partner stores and cannot be used for other purposes.
How to Apply for the ‘Good Card’ Loan
The National Bank of Iran has streamlined the application process through multiple channels for customer convenience:
- In-Branch Application: Interested individuals can visit their nearest National Bank branch to submit their request. Required documents typically include a national ID card, proof of an active account, and a list of intended goods from a partnered store.
- Online Registration: The bank also facilitates online applications through its official website or the ‘Bale’ mobile application. After completing the digital form, a bank representative will contact the applicant to proceed.
- Review and Disbursement: Once documents are submitted, the bank will review the application. Upon approval, the loan is disbursed promptly.
This initiative by the National Bank of Iran underscores a commitment to public welfare by providing accessible financial solutions. The ‘Good Card’ loan is positioned as a practical tool to help citizens meet their essential needs, improve their quality of life, and support their families through a structured and supportive banking framework.
