Iran’s Mehr Bank Launches Instant $50 Million Qard-al-Hassan Loan for Subsidy Recipients
In a significant move to support low-income families, Iran’s Mehr Qard-al-Hassan Bank has unveiled a special initiative for the year 1404 (2025-2026), offering instant loans of 50 million tomans without the need for a guarantor. This initiative is designed to alleviate living cost pressures and strengthen the financial capabilities of citizens who receive government subsidies.
The entire application process is fully remote and can be completed seamlessly through the innovative KiyouBank digital application.
Key Loan Details at a Glance
- Loan Amount: 50 Million Tomans
- Loan Type: Qard-al-Hassan (Interest-Free)
- Guarantor: No guarantor required (Exclusive for subsidy recipients)
- Service Fee: 4%
- Repayment Period: Up to 60 months (5 years)
- Application Method: Entirely remote via the KiyouBank app
- Repayment: Automatically deducted from the applicant’s subsidy or bank account
These straightforward and attractive terms position this loan as one of the most accessible financial options for eligible families.
Digital Banking Made Simple with KiyouBank
KiyouBank, the digital banking platform of Mehr Iran Bank, has streamlined the loan acquisition process, making it simpler than ever. The platform’s features include:
- Online account opening without visiting a branch.
- Remote loan application completed in minutes.
- 24/7 tracking of loan status and installments.
- Automatic repayment setup from a subsidy or bank account.
- High-security standards and round-the-clock customer support.
This digital approach eliminates the need for long queues and cumbersome paperwork, bringing modern banking directly to citizens’ fingertips.
A Step Towards Enhanced Social Welfare
This supportive scheme is part of a broader policy to promote social justice and financial inclusion. By providing easy access to formal banking facilities, the initiative aims to:
- Reduce dependence on costly non-banking loans.
- Increase public trust in the national banking system through a transparent and rapid process.
- Boost the purchasing power of low-income households.
- Promote digital banking and reduce bureaucratic hurdles.
Mehr Bank’s commitment is further demonstrated by its increased ceiling of 400 million tomans in facilities for individual customers in 1404, underscoring a serious dedication to supporting lower-income segments of society.
How to Apply for the 50-Million-Toman Loan
Eligible subsidy recipients can apply in just a few simple steps:
- Download the KiyouBank app from the official Mehr Iran Bank website or reputable app stores.
- Open an online account with Mehr Iran Bank.
- Navigate to the “Qard-al-Hassan Loan” section and submit your request.
- Upload required identification and subsidy account documents.
- Await bank confirmation and the deposit of funds into your account.
The entire process is designed to be completed within a few days without any need for an in-person branch visit.
This initiative is expected to see widespread uptake, contributing to the expansion of digital banking services and providing tangible financial relief to families across the nation.