Conditions for Receiving a 1.5-Billion Loan from Resalat Bank in Mehr 1405 / Interest-Free Loan with 60-Month Repayment

Read in this report the conditions for receiving the 1.5-billion loan from Resalat Bank in Mehr 1405.

In order to provide the financial resources needed by businesses and legal entities, Qarzul-Hosna Resalat Bank's economy department offers Qarz-ul-Hosna loan facilities with a ceiling of 1 billion 500 million Tomans and a 4% fee. This facility is paid according to the applicant's average account and selected repayment period, and its receipt is dependent on the applicant's deposit, employment credit, and verification of the applicant's credit. In the following, you will read the details of the terms and conditions of obtaining a loan from Resalat Bank legal entities, the amount of installments, the repayment period, and the terms of deposit.

What is the loan limit for legal entities of Bank Resalat?

The limit of loan facilities of legal entities of Resalat Bank has been set at one billion and 500 million tomans. This loan is granted exclusively to legal entities, and the final amount of the facility is determined according to the applicant's average account, the deposit's sleeping period, and the selected repayment period.

The minimum amount of this facility is not specified in the announced information; Therefore, the amount that can be received for each applicant depends on the account conditions and criteria set by the bank.

What is the loan fee rate of Resalat Bank?

Qarzul Hosna loan for legal entities of Resalat Bank is provided without interest and with only 4% fee. This facility is in the Qarz Al-Hosna loan group and the rate announced for it is the facility fee.

Based on the calculations presented for obtaining a loan with a ceiling of 1 billion 500 million Tomans and repayment of 60 months, the total fee considered is 180 million Tomans. In this way, the total principal and fee of the facility reaches one billion and 680 million Tomans.

Deposit conditions to receive a mission loan

Applicants must make a deposit in Resalat Bank to receive this facility. The required type of account is announced as Qarz Al-Hosna and the amount of the payment facility is determined based on the duration of the deposit and the average account.

According to the announced rules, for each month of deposit, equivalent to 20% of the deposit amount is considered as a facility credit. Based on this, the term of deposit and the average amount of the account are factors affecting the amount of the loan that can be received.

Loan repayment period for legal entities of Resalat Bank

The repayment period of this facility varies from 12 to 60 months. However, the choice of repayment period is related to the percentage of the average account that is paid as a facility. The details of these conditions are as follows:

* 60-month repayment: receiving facilities equal to 20% of the average account

* 48-month repayment: receiving facilities equivalent to 40% of the average account

* 36-month repayment: receiving facilities equal to 60% of the average account

* 24-month repayment: receiving facilities equal to 80% of the average account

* 12-month repayment: receiving facilities equal to 100% of the average account

Therefore, before applying for a loan, applicants should check the amount of facilities they need and their ability to repay according to the specified conditions.

The amount of loan installments is one billion and 500 million tomans

The installment amount of this facility based on receiving a loan with a ceiling of one billion and 500 million tomans, a fee of 4% and a repayment period of 60 months, is about 27,272,727 tomans.

Based on this, the total repayment amount in the five-year period, including the fee, will be one billion and 680 million tomans. The amount of installments of other applicants is different according to the amount of facilities received and the selected repayment period.

Guarantee and validation conditions for Risalat loan applicants

Getting a Qarzul Hosna loan for legal entities of Resalat Bank is dependent on the verification of the applicant's job credit and validation. Also, applicants should not have bounced checks or bank arrears at the time of receiving the facility.

Therefore, having credit conditions approved by the bank, along with providing the required deposit, is one of the requirements to receive this facility. Common banking fees, including the cost of opening an account, validating and obtaining a loan, should also be factored into the applicant's calculations.

Is it necessary to block the deposit to get a loan from Resalat Bank?

According to the announced information, receiving this facility requires making a deposit and sleeping the deposit for a certain period; However, the details regarding the deposit blocking period and the conditions for its release have not been specified precisely.

Also, the minimum amount of the deposit and the possible interest rate of the deposit have not been announced in the available information. Therefore, the applicant legal entities should inquire from Resalat Bank about the details of the deposit, how to calculate the average account and the terms of using the deposit resources before taking action.

How to get Qarz Al-Hosna loan for legal entities of Resalat Bank

Applicants for this facility should first check the deposit conditions and credit criteria of the bank. After creating the necessary conditions for the average account, the amount of the facility payable is determined based on the selected repayment period and the bank's criteria.

Due to the fact that the details related to online registration, the required documents and the final stages of the application are not specified in the available information, applicants should refer to Qarz Al-Hosna Resalat Bank for information on how to register the application, the necessary documents and the conditions for receiving the loan.

In total, Resalat Bank's loan for legal entities with a ceiling of one billion and 500 million tomans and a fee of 4% is one of the financing options for legal entities; However, the final amount of the facility and its repayment terms depend on the average account, the deposit period and the applicant's creditworthiness.