Terms for Receiving a 2 Billion Toman Loan from Bank Mehr Iran / One-Month Term at 4% Interest
This report outlines the terms for receiving the 2 billion toman loan under the Sarv plan, part of a memorandum of understanding with Bank Mehr Iran.
Economy Group, Qarzul-Hosneh Mehr Bank of Iran, in order to support business owners, trade union activists and business customers, offers the facility of serving a memorandum of understanding. This facility is available to qualified applicants with a fee of 4% and proportional to the settled amount, up to 2 billion Tomans. In the following, read the details and conditions of getting a loan from Mehr Bank of Iran.
What is the loan of 2 billion Tomans under the memorandum of understanding of Bank Mehr Iran?
The memorandum of understanding plan of Mehr Iran Loan Bank is one of the special facilities for the customers of the business and guilds sector, which is provided with the aim of providing financial support to business owners and economic activists. The ceiling of this facility is equal to twice the negotiated amount, and qualified applicants can receive a maximum of 2 billion Tomans.
This plan is implemented in the form of a memorandum of understanding and by introducing the applicant to the bank by the business owner, and receiving its facilities is subject to the bank's credit rules and regulations.
What is the loan limit of Saro Bank Mehr Iran?
The ceiling of Mehr Iran Bank's memorandum of understanding service facility is 2 billion tomans. The loan amount is calculated based on the reconciled amount and the maximum payment facility can be twice this amount.
A specific floor for the facility is not set in the announced information; Therefore, the final amount of the loan depends on the negotiated amount, the applicant's conditions and the bank's credit criteria.
How much is the interest and fee for the loan of 2 billion tomans of Bank Mehr Iran?
The facility of Bank Mehr Iran's Memorandum of Understanding is of the Qarz Al-Hosna type and is paid with a 4% fee. Based on the announced calculations to receive the 2 billion tomans ceiling, the total fee in the 24-month repayment period is 120 million tomans.
In this way, the total principal and fee of the facility in this example reaches 2 billion and 120 million Tomans. Additional bank charges, including account opening, validation and filing fees, are also calculated separately.
How much is the loan installment amount of 2 billion tomans of Saro plan?
The installment amount of this facility depends on the amount received and the repayment period. According to the information provided, for a loan of 2 billion tomans with a fee of 4% and a 24-month repayment period, the amount of each installment is about 90 million and 909 thousand tomans.
Applicants should check their ability to repay the installments according to their financial situation and business income before filing the case. The final amount of installments and terms of payment are determined based on the credit file and bank regulations.
How long is the loan repayment period of Saro Bank Mehr Iran?
The repayment period of the memorandum of understanding service plan facility is set between 12 and 24 months. Applicants can choose one of the permitted repayment periods according to their conditions and the bank's terms.
Of course, concluding an agreement with a repayment period of more than 24 months is also possible, according to the announced information, with the discretion of the provincial administration and receiving approval from the banking deputy and within the framework of the notified credit policy process.
How long is the waiting period to receive a loan of 2 billion tomans from Bank Mehr Iran?
The waiting period for implementing the agreement and receiving the facility is calculated based on the selected repayment period. According to the announced conditions, 20 days waiting time is considered for each year of repayment.
Based on this, the waiting period for facilities with 12-month repayment will be about 20 days and for 24-month repayment will be about 40 days. This time period depends on the terms of the memorandum and the process of reviewing and completing the applicant's file.
Who are eligible to receive a loan from Mehr Iran's Sarvo Bank?
The target community of the MoU project is banking business customers and qualified economic operators. The main groups included in this plan are:
* Business owners, businesses and qualified trade union activists;
* Commercial card holders, including exporters and importers;
* Exchanges, hotels and reception halls;
* Factories and large production units;
* Hospitals, maternity hospitals and specialized medical clinics;
* Licensed chain stores;
* auditing, accounting and consulting institutions;
* land, sea and air transport companies;
* Benefactors and other qualified customers in trades and businesses.
The implementation of this plan is done with a special focus on the attraction and participation of trade unions, and the benefit of the facility depends on meeting the conditions set by the bank.
What are the conditions for receiving a loan of 2 billion tomans for the Saro plan?
Applicants must comply with the bank's credit terms and conditions in order to receive the facility of Bank Mehr Iran's memorandum of understanding service plan. The most important conditions announced are:
* Introduction of the applicant by the business owner to the bank within the framework of the plan;
* Having a card reader (PoZ) or a current account in Iran's Qarz-ul-Hosneh Mehr Bank for guilds to benefit from facilities in the form of a memorandum of understanding;
* Not having returned checks and bank arrears at the time of receiving the facility;
* having the necessary conditions for validation and providing guarantees approved by the bank;
* Compliance with the current rules and regulations of the bank at the time of filing the case and paying the facility.
Also, the type and amount of collateral and guarantees required are determined according to the bank's credit criteria and may be different for different applicants.