Title: Government Expands Access to Justice Shares Loan with Streamlined Online Application
In a move to bolster financial support for citizens, the government has facilitated access to the Justice Shares Loan, enabling eligible shareholders to obtain credit for essential purchases without the need for a physical guarantor. This initiative, framed as a subsidy for buying goods, provides a significant opportunity for qualified individuals to shop at designated stores affiliated with agent banks using a dedicated credit card.
A Digital-First Approach
The application process has been significantly modernized, with the National Bank leading the way in offering a fully online procedure. Applicants can now apply through dedicated banking applications such as “Eva” or “Neshan Bank,” specifically using the “Neshan Credit” section. The process involves downloading the app, registering a digital signature, and following a step-by-step guide to submit the loan request. Similar procedures are available through other platforms like “Bale” and “Shast,” emphasizing the government’s commitment to accessible and efficient digital services.
Eligibility and Requirements
Access to this financial facility is contingent upon meeting specific criteria designed to ensure the program’s integrity and proper allocation of resources. The primary conditions include:
- Possession of unsold Justice Shares.
- Registration and identity verification on the Sejam platform (the Integrated Securities System).
- Possession of a National Smart Card.
- An active bank account with the issuing bank.
- Ensuring identity details match between the bank account and the applicant’s SIM card.
Notably, individuals who have sold any portion of their shares or whose shares are subject to a judicial freeze are not eligible for the loan.
Loan Mechanics and Repayment
The loan amount is typically calculated as a percentage of the value of the applicant’s Justice Shares. The funds are not disbursed as cash; instead, a virtual credit card is issued, which can be used exclusively at contracted retail outlets. This mechanism ensures the loan serves its intended purpose of facilitating consumer purchases. The repayment is structured in manageable installments, generally over a 36-month period, providing a clear and predictable schedule for beneficiaries.
This streamlined, online process for the Justice Shares Loan represents a significant step in leveraging digital infrastructure to deliver public financial services directly and efficiently to the people.