Iran’s Export Bank Launches “Meysam” Loan Scheme: Major Financial Support for Retirees
In a significant move to bolster the financial security of retirees, Iran’s Export Bank has unveiled the “Meysam” loan scheme, offering substantial credit facilities of up to 200 million tomans. This initiative is specifically designed for pensioners and retired educators, providing them with a unique opportunity to secure long-term financing with favorable conditions to support their livelihoods and encourage savings.
Key Features of the Meysam Loan
The scheme outlines a clear and accessible path for retirees to obtain significant financial aid:
- Loan Ceiling: A maximum of 200 million tomans, equivalent to 90% of the amount deposited in a special account.
- Minimum Deposit: Eligibility for the loan begins with a deposit of approximately 25 million tomans in a Qard-al-Hasanah savings account.
- Annual Profit Rate: An attractive rate set between 14% to 16%.
- Flexible Repayment: A comfortable repayment period spanning 3 to 5 years (36 to 60 months).
- Monthly Installment: For the full 200 million toman loan, the estimated monthly installment is around 6.835 million tomans.
- Total Repayment: The total amount repaid over the term would be approximately 246 million tomans, which includes 46 million tomans in profit.
Eligibility and Requirements
To qualify for this supportive program, applicants must meet the following criteria set by the bank:
- Maintain a high average balance in their Qard-al-Hasanah account for a minimum of three months.
- Provide at least one credible and official guarantor.
- Successfully pass the bank’s standard credit assessment process.
- Have no history of bounced checks or outstanding bank debts.
A Strategic Support Initiative
The Meysam scheme stands out as an ideal financial solution due to its comparatively low profit rate, transparent terms, and adaptable repayment structure. It is strategically crafted to aid retirees and educators in managing living expenses and achieving greater economic stability without undue financial pressure. This program reflects a focused effort to enhance the quality of life for those who have served in cultural and educational fields.
Interested retirees are encouraged to visit their local Iran Export Bank branch or contact the customer support center for registration and further details. Following the bank’s official news channels is recommended to stay updated on all developments regarding this beneficial initiative.