Iran’s Bank Maskan Unveils Comprehensive ‘White Plan’ to Boost Housing, Support Employees and Retirees
In a significant move to address financial needs and bolster economic participation, Iran’s Bank Maskan has officially launched the ‘White Plan 1404’. This initiative offers a substantial financial opportunity for organizations, companies, their employees, and retirees through low-interest loans, marking a strategic development in the nation’s economic landscape.
A New Financial Opportunity
The White Plan is specifically designed to provide support to legal entities—including organizations, companies, and trade associations—as well as their officially introduced employees. The scheme aims to create a sustainable financial cycle by attracting stable resources through daily savings deposits and facilitating access to Murabahah loans for purchasing housing or addressing other financial requirements.
Key Features and Loan Terms
A cornerstone of the plan is its highly competitive annual profit rate of just 9%, significantly lower than standard bank loan rates. The plan offers substantial loan ceilings:
- For legal entities: Loans of up to 2 billion tomans.
- For introduced employees: Loans of up to 500 million tomans.
The repayment period is set at a maximum of 5 years (60 months), providing a clear and structured timeline for borrowers.
Transparent and Accessible Process
The plan operates on a transparent points-based system tied to daily savings deposits, which guarantees clarity and allows for precise financial planning. This system eliminates the need for traditional guarantors, using the credibility built through savings instead.
Prospective applicants must open either a primary account (for legal entities) or a subsidiary account (for employees) at any Bank Maskan branch. While a mandatory savings period of at least two months is required to become eligible, this mechanism ensures responsible lending and borrowing practices.
Strategic Economic Benefits
The White Plan presents a golden opportunity for retirees, employees, and organizations to meet their financial needs with minimal pressure, particularly under current economic conditions. By offering single-digit profit rates and high loan ceilings, the initiative supports broader economic stability and citizen welfare.
Furthermore, the plan successfully attracts sustainable financial resources for Bank Maskan, creating a mutually beneficial cycle for all involved parties—the bank, organizations, and their workforce. This reflects a continued focus on developing innovative financial solutions that serve the nation’s economic objectives.
