Title: New Financial Initiative Launches for Retired Educators in Mazandaran
Introduction
A new online loan program has been launched specifically for retired members of the Mazandaran Cultural Staff Savings Fund, marking a significant step in providing financial support to the province’s educational community. The initiative, a collaboration between the Cultural Staff Savings Fund and Tourism Bank, offers streamlined financial assistance designed to enhance the welfare of its members.
A Commitment to Educator Welfare
The program was announced by a representative of the Mazandaran Cultural Staff Savings Fund, who emphasized that the scheme is part of broader efforts to support the cultural community. The initiative underscores a dedicated focus on the well-being of retired educators, providing them with accessible financial tools to meet their needs.
Loan Features and Eligibility
The program offers a 300 million Rial loan with distinct, user-friendly terms:
- Financial Terms: The loan carries a 10% profit rate and is to be repaid over a 24-month period.
- Eligibility: The first two phases of the rollout will prioritize 5,000 eligible retired educators in Mazandaran who are members of the Savings Fund.
- Streamlined Process: A key feature is the elimination of the need for a guarantor. The entire process, from application to disbursement, is conducted online via the “To Bank” application, removing the requirement for in-person branch visits.
How to Apply
Eligible individuals who have received an invitation via SMS can apply through a simple, three-step process:
- Download the “To Bank” app from official app stores.
- Register using their national identification number and mobile phone.
- Submit the loan application, with approval and transfer of funds occurring within minutes through an automated verification system.
This initiative is presented as part of a wider array of welfare programs, including other financial services and facilitated travel plans, all aimed at supporting the lives of cultural staff.
