Conditions for a 3 Billion Toman Loan from Bank Mehr Iran / Long-Term, Interest-Free Repayment: Borrow Now

This report reviews the conditions for obtaining a 3 billion toman loan from Bank Mehr Iran.

The Economics Department of Qarzul Hosne Mehr Bank of Iran has provided the possibility of paying facilities to companies, organizations and employees of qualified legal groups by introducing the Diamond Plan. This project is designed with the aim of strengthening the bank's cooperation with legal groups and increasing their ability to finance employees and receive facilities in it.

What is the loan limit of Almas Bank Mehr Iran scheme?

The limit of facilities in Qarz-ul-Hosneh Mehr Iran Diamond Bank for legal entities is set at 3 billion tomans. Also, the employees of the subcategory of these legal entities can use the facilities of this plan up to one billion tomans. The final amount of the loan will be determined according to the provided resources, the applicant's conditions and the bank's credit criteria.

What is the loan fee of Almas Bank Mehr Iran?

Diamond plan facilities are provided in the form of Qarzul-Hasna and with a fee. According to the announced rules, the fee for the facility paid from the bank's sources is 4%, and the facility provided from the social banking sources is also paid with a fee of 2 to 4%. Therefore, the amount of the final fee depends on the source of the facility and may not be the same for all applicants.

How much are the loan installments of 3 billion tomans from Bank Mehr Iran?

The maximum repayment period for the diamond plan is 60 months. According to the announced calculations, the amount of each installment for a loan of 3 billion tomans with a 60-month repayment period and a 4% fee will be around 54 million and 545 thousand tomans. Of course, the amount of the final installments is calculated according to the terms of the contract, the amount of facilities received and the applied fee.

How long is the average account required to receive a diamond loan?

Establishing a GPA is one of the main requirements to receive facilities in the Diamond Plan. Legal applicants must provide the required financial resources and establish the required average of the account by opening a Qarz-ul-Hosna account in Bank Mehr Iran. The period of creating an average account in this plan is at least one month and at most 36 months; Therefore, the time to receive the facility will also depend on the amount of resources and the duration of the deposit.

What companies and organizations can use the diamond plan?

The main target community of the diamond plan is qualified legal entities that have the ability to create an average account and provide the necessary resources. Manufacturing and industrial companies, groups active in the field of services, commercial enterprises and businesses related to infrastructure and energy can use this plan within the framework of the bank's criteria.

Among the areas included are food, pharmaceutical, steel, component manufacturing, construction materials, educational and medical services, technical and engineering services, financial and digital activities, transportation, oil and gas, mines and industries related to housing and urban development. Cooperatives, institutions, organizations and offices are also among the target groups of this plan.

What are the guarantees required to receive a diamond plan loan?

Receiving the diamond plan facility is subject to the credit criteria of Mehr Bank of Iran and the applicants must provide the required guarantees. Official guarantee, job credit and validation are among the things that are taken into consideration in the process of examining the request for facilities. The type and amount of collateral required will be determined according to the conditions of the case and the bank's credit regulations.

What people are not able to receive the diamond scheme?

Applicants for receiving facilities should not have bounced checks or outstanding debts in the banking system at the time of filing and receiving loans. Also, the use of this plan for natural persons is not considered independently, and employees or introduced persons must be introduced to the bank by qualified legal entities. Compliance with other criteria and submission of required documents is also necessary to complete the process of receiving facilities.

Procedures for registering an application and receiving a diamond loan from Bank Mehr Iran

The process of receiving Diamond Plan facilities begins with the opening of a legal account for the applicant's company, organization or group in one of the branches of Bank Mehr Iran. In the following, the legal group must conclude the relevant support memorandum and provide the necessary resources to the bank.

After going through these steps, employees or qualified people are introduced through the bank's designated mechanisms, and it is possible to open their account in absentia. Finally, after filing the case, checking the applicant's conditions and completing the guarantees, the payment of the facility will be made according to the bank's credit criteria.

How to introduce diamond loan applicants?

The introduction of applicants to receive facilities in the Almas plan is done only through the web service of organizational facilities and the system of Arzandeh Bank's valued customers. Based on this, employees must be introduced by the relevant legal body to use this facility, and the possibility of registering an independent application outside of the designated process is not considered for them.

Also, common bank fees, including the cost of opening an account, validation and filing a facility file, are charged according to the relevant criteria. Applicants should check the plan conditions and requirements set by Bank Mehr Iran before taking action.