New Financial Support Package Launched for Iranian Retirees
A significant new financial initiative has been announced, offering a substantial 50 million Tomans retirement loan to eligible pensioners. This program, which begins next week, represents a continued effort by the Social Security Organization and the Bank Refah to provide economic support and enhance the welfare of the retiree community.
Eligibility and Registration
Registration for this loan will be facilitated through designated retirement associations. To qualify, applicants must meet the following criteria:
- Hold a valid membership card for their retirement association.
- Have a mobile phone number registered in their own name.
- Receive their pension salary through the Bank Refah.
Priority will be given to retirees who have not previously received a loan of this kind. Those who have already obtained 12, 20, or 30 million Toman loans are not eligible for this phase. Retirees who registered between 2021 and 2024 are not required to apply in person until April 2025. New retirees must have a two-year gap from their official retirement date.
Loan Terms and Repayment Structure
The loan is structured with clear and defined terms:
- Loan Amount: 50 million Tomans.
- Service Fee: 4%.
- Repayment Period: 24 months.
- Monthly Installment: 2,272,727 Rials.
According to officials, the first and thirteenth installments carry specific service fees:
- First Installment: 2 million Tomans.
- Thirteenth Installment: 1 million Toman.
The total repayment amount will be 53 million Tomans, with the total service fee calculated at 3 million Tomans. These fee-inclusive installments will be automatically deducted from the retirees’ pension payments at the beginning of each year.
Phased Disbursement Schedule
A coordinated two-phase payment schedule has been established by the Social Security Organization and Bank Refah:
- First Phase: The loan was deposited into the accounts of 20,000 selected retirees on Tuesday, September 30, 2025.
- Second Phase: The amount will be transferred to another 20,000 eligible individuals on Sunday, October 5, 2025.
This phased approach ensures a smooth and orderly distribution of funds.
Important Guidelines for Recipients
Eligible retirees who have registered will receive a confirmation SMS from Bank Refah with details about the deposit. Authorities have emphasized that there is no need to respond to the SMS or visit the bank in person, as all processes are automated.
Retirees are also strongly advised to maintain a minimum balance of 100,000 Tomans in their accounts to prevent any potential transaction issues. Furthermore, the Social Security Organization has issued a critical warning for retirees to remain vigilant against suspicious calls or messages from individuals falsely claiming to be bank or organization representatives, as these could be attempted fraud.
This financial package is part of broader social support measures implemented since the beginning of the current Iranian year. With the completion of this phase by mid-October, a total of 40,000 qualified retirees will have benefited from this 50 million Toman loan. All procedures are conducted under the official supervision of the Social Security Organization and Bank Refah, with no in-person follow-up required.