According to the shahrebours, the Ministry of Science’s Student Welfare Fund announced the start of registration for urgent loans. These facilities are allocated in three categories: academic, essential, and housing deposit to students of state, night, and Payam Noor universities. Shapour Ramezani, head of the Welfare Fund, announced that the main goal of this plan is to improve the welfare and livelihood of students, and that the loans will be repaid in long-term installments without fees.
Educational Loan Details
Bachelor’s Degree: 5 million Tomans with 36-month repayment without guarantor
Master’s Degree: 7.5 million Tomans with 48-month installments
PhD: 10 million Tomans with 60-month installments
Married students: Double the above amounts with a zero fee rate
Student loan payments are deposited directly into the student’s account and repayment usually begins after graduation.
Housing Deposit Loan
Married students can apply for a housing deposit loan, the ceiling of which varies based on where they live:
Tehran: Up to 200 million Tomans
Cities with a population of more than 500,000: Up to 150 million Tomans
Smaller cities: Up to 100 million Tomans
This loan is also offered without a fee and in long-term installments and can only be received through the Welfare Fund system.
Emergency Loan
A 10 million Tomans emergency loan is intended for students who are facing problems such as illness, unexpected events, or urgent financial need. This loan is fast to pay and repayment begins a few months after receipt.
Registration Requirements
Registration for loans is done entirely online through the bp.swf.ir system. Students can receive loans by entering their identity information, selecting the type of loan, registering their bank account number, and providing an electronic commitment. The important point of this course is the elimination of the requirement to provide a notarized guarantor.
To provide financial resources for these loans, the Student Welfare Fund has signed contracts with 75 universities in the country, and the costs are divided 50-50 between the university and the fund.
