Title: New Financial Support Initiative Launched for Iranian Retirees and Educators
In a significant move to bolster social welfare, a new financial support package has been rolled out for retirees and educators, marking a key development in the nation’s social benefits landscape. The initiative, facilitated through the Export Bank, underscores the ongoing commitment to supporting key segments of society.
Initial Disbursements Confirmed
According to an official announcement from the Public Relations and International Affairs Department of the State Pensions Fund, Dr. Aladdin Azouji confirmed that a 50 million Tomans essential loan was deposited into the accounts of approximately 30,000 eligible individuals on the first of Mehr, 1404. This disbursement was successfully executed with the support of the Export Bank.
The loan program is structured to be distributed in 10 phases, with the goal of reaching all eligible retirees by the end of the current Iranian year. The loan amount is set at 50 million Tomans, repayable over a 60-month period.
Expanding Educational Support
Further highlighting the scope of the support, Dr. Azouji also detailed the distribution of the “Hampad” educational loan facility. He reported that 169 individuals at the master’s degree level have received 10 million Tomans, while 108 doctoral candidates have been granted 15 million Tomans.
Key Features of the Loan Program
This interest-free loan, offered with a minimal 4% service fee, is designed for accessibility. The process is entirely digital, requiring no in-person visits. Applicants must undergo a credit assessment and open a Qard-al-Hasanah (benevolent loan) account. All steps, from account opening to the final loan deposit, are managed online via the Sepino application.
The following table outlines the primary loan characteristics:
| Feature | Details |
|---|---|
| Loan Name | Guarantor-Free Loan (Qard-al-Hasanah) |
| Service Fee | 4% |
| Loan Ceiling | 50 Million Tomans |
| Required Deposit | Yes (Qard-al-Hasanah Account) |
| Maximum Repayment Term | 36 Months |
| Collateral Type | Credit Assessment |
Streamlined Online Application Process
The procedure for applying has been simplified into a few key steps:
- Download the Sepino App: Install the official Sepino application from the Export Bank.
- Open an Account: Open a Qard-al-Hasanah account directly through the app.
- Submit Request: Navigate to the loan section and submit an application for the guarantor-free loan.
- Credit Assessment: An online credit assessment will be performed.
- Funds Transfer: Upon approval, the loan will be deposited into the applicant’s account.
This comprehensive financial initiative represents a targeted effort to provide tangible support to retirees and educators, facilitating their access to essential funds through a modern and efficient digital framework.