Title: Bank Mellat Unveils Major Financial Initiative: The “Taban” Loan Scheme for 1404
In a significant move to bolster public financial access, Bank Mellat has officially launched its “Taban” loan scheme for the year 1404, featuring a substantial 100 million Tomans no-guarantor facility. This initiative represents one of the most prominent financial products of the year, designed to support the economic objectives of the nation by providing accessible credit to its citizens.
A Closer Look at the “Taban” Scheme
The core of this initiative is a long-term deposit-based loan. Eligible customers who open a long-term deposit with Bank Mellat can access a loan of up to 85% of their deposited amount. A key feature of the scheme is the removal of the traditional guarantor requirement, simplifying the process significantly. Instead, the deposit itself is held as collateral for the 36-month loan duration.
Key Conditions and Benefits
The scheme is structured with clear and transparent terms:
- Eligibility: The offer is open to both new and existing customers of Bank Mellat, including retirees, government employees, and private sector workers.
- Core Requirement: Applicants must open and maintain a blocked long-term savings deposit for the entire 36-month repayment period.
- Financial Offering: Participants can receive a loan of up to 100 million Tomans and are also eligible for a supplementary credit card with a limit of up to 50 million Tomans.
- Interest Rate: The loan carries a transparent annual profit rate of 18%, in accordance with the nationally approved rate for non-guarantor facilities.
Repayment Structure
The loan is structured for a 36-month repayment period. Based on the announced 18% annual profit rate, the estimated monthly installment for a full 100 million Toman loan is approximately 3,615,000 Tomans. Bank Mellat notes that the exact installment amount will be calculated and confirmed during the application process.
How to Apply
The application process is streamlined for public convenience. Interested individuals are required to visit any Bank Mellat branch to request the opening of a long-term deposit. Following the deposit placement and its block for 36 months, the loan or credit card application can be registered. The bank has committed to a swift processing and disbursement timeline once the application is complete.
Strategic Advantages
This initiative by Bank Mellat underscores a commitment to facilitating public access to financial resources. The “Taban” scheme offers multiple advantages, including the elimination of a guarantor, a clear and approved profit rate, the combination of a cash loan with a credit facility, and a simplified application procedure free from complex bureaucracy. This program is aligned with broader national efforts to enhance financial inclusion and support the economic well-being of the populace.