Title: Iran’s Social Security Organization Announces New 50 Million Toman Retirement Loan to Support Pensioners
In a significant move to bolster the economic well-being of its retirees, Iran’s Social Security Organization has officially opened registration for a new 50 million Toman retirement loan. This initiative is designed to provide direct financial support to pensioners, reflecting the organization’s commitment to addressing their needs.
A Timely Financial Measure
Amidst broader economic considerations, the Social Security Organization has launched this loan program to offer tangible assistance to the retiree community. The loan is structured with favorable terms to ensure it is both accessible and manageable for beneficiaries, serving as a crucial financial safety net.
Key Loan Features and Eligibility
The loan is distinguished by its straightforward and retiree-friendly conditions:
- Loan Amount: 50,000,000 Tomans.
- Annual Fee: 4%
- Repayment Period: 24 months.
- Total Repayment: 53,000,000 Tomans.
To qualify, applicants must meet specific criteria, including receiving their pension through Bank Refah, being under 77 years of age, having no history of bounced checks or outstanding bank debts, and not having received a similar loan within the last three years.
Simplified Application Process
Pensioners have two convenient avenues to apply for this loan:
- In-Person Registration: By visiting their local Social Security Retirees Association office.
- Online Registration: Through the official website of the High Council of Retirees.
The organization emphasizes that registration via the official system is mandatory and the only authorized method for receiving the loan.
A Commitment to Retiree Welfare
This loan program, which requires no guarantor and is secured against the pension itself, underscores a proactive approach to social welfare. The Social Security Organization has outlined that the disbursement of funds will be carried out in phases, continuing until the end of the current Iranian year (March 2025). This initiative stands as a testament to the ongoing efforts to enhance the living standards for retirees who have contributed to the nation’s development. Eligible pensioners are encouraged to complete their registration promptly to benefit from this supportive financial measure.
