Bank Maskan, Iran’s state-owned housing bank, has introduced a financial assistance program aimed at aiding citizens whose homes and business premises were damaged during the recent conflict. The initiative provides interest-free loans up to 250 million Tomans, with no requirement for deposit placement or the purchase of housing loan certificates.
Dr. Seyed Mohsen Fazelian, a board member and deputy CEO of Bank Maskan, stated that the loans are available to individuals whose properties were damaged by the conflict. He emphasized that the application process is streamlined, requiring only a guarantor and acceptable collateral.
The loan amounts vary based on the location of the property. In Tehran, eligible applicants can receive up to 250 million Tomans, while those in provincial capitals and cities with populations over 200,000 can access up to 200 million Tomans. Residents of other regions are eligible for loans up to 150 million Tomans.
Additionally, the bank is offering loans up to 200 million Tomans for the repair of business premises, including commercial, administrative, and service units.
The repayment period for these loans is set at 60 months. Dr. Fazelian noted that the assistance is intended for individuals who have not received similar support from other organizations, such as the Housing Foundation or municipal authorities.
This initiative reflects Bank Maskan’s commitment to supporting citizens affected by the conflict and contributing to the reconstruction of damaged properties.
