Headline: New 50 Million Tomans Loan Initiative Launched for Iranian Retirees
In a significant move to support the economic welfare of its senior citizens, the Social Security Organization has officially announced the rollout of a new 50 million Tomans loan for retirees. This initiative is designed to provide financial assistance and improve the living conditions for this valued segment of society.
Loan Terms and Repayment Structure
The loan comes with clearly defined terms to ensure transparency and ease of planning for recipients. The key details are as follows:
- Loan Amount: 50 Million Tomans
- Service Fee: 4%
- Repayment Period: 24 months
- Monthly Installment: 2,272,727 Rials
- Total Repayment: 53 Million Tomans (inclusive of the 3 Million Tomans service fee)
The repayment schedule is structured with the first installment set at 2 million Tomans (including the fee), and a thirteenth installment of 1 million Tomans. These service fee installments will be automatically deducted from the retirees’ pensions at the beginning of each year.
Phased Payment Schedule
The distribution of these funds is being conducted in a carefully planned, two-phase process to ensure an orderly rollout:
- Phase One: Successfully deposited on Tuesday, September 30, 2025, for 20,000 eligible retirees.
- Phase Two: Scheduled for Sunday, October 5, 2025, for an additional 20,000 retirees.
This schedule ensures that a total of 40,000 qualified retirees will have received the loan by mid-October.
Eligibility and Registration Process
Registration for this loan was managed through retirees’ associations. Eligible individuals have been or will be notified via an official confirmation SMS from Bank Refah. A second SMS will provide the exact deposit date.
A key requirement for the successful transfer of funds is the maintenance of a minimum balance of 100,000 Tomans in the retiree’s pension account. The absence of this balance may disrupt the deposit process.
Official Warnings and Reassurances
In its official communications, the Social Security Organization has issued a clear warning for retirees to be vigilant against potential fraud. Recipients are advised not to respond to any suspicious calls or text messages. The entire loan process is fully automated, requiring no in-person visits or telephone interactions.
The Organization has further reassured retirees that there is no need for them to contact or visit banks personally. The payment process is being carried out under the direct supervision of the Social Security Organization and Bank Refah, ensuring a secure and seamless experience for all beneficiaries.
A Step Towards Enhanced Welfare
This financial facility is part of the ongoing support programs implemented by the Social Security Organization and Bank Refah. It represents a concrete, though modest, step by the relevant institutions to assist retirees in meeting their needs within the current economic climate, contributing positively to their livelihood.