EghtesadOnline: The Cabinet has decided to increase home renovation loans in urban slum areas, which are offered at the interest rate of 9%, from 500 million rials ($2,283) to 1,200 million rials ($5,479) in large cities and from 400 million rials ($1,826) to 800 million rials ($3,652) in other cities.
EghtesadOnline: Data released by the Central Bank of Iran show lending by banks increased in the month to January 19.
EghtesadOnline: The International Monetary Fund says it is processing Iran’s $5 billion loan request submitted in March to the global crisis lender, said Jihad Azour, the IMF’s director of the Middle East and Central Asia Department.
EghtesadOnline: President Hassan Rouhani told Germany’s new ambassador on Tuesday said that Iran expected the three European Union countries signatory to the landmark nuclear deal to support its loan request from the International Monetary Fund.
EghtesadOnline: Public transportation operators, educational centers, beauty salons, women’s clothing shops, gyms, rehabilitation centers for disabled persons and not-for-profit schools accounted for the lion’s share of applications submitted to the Ministry of Cooperatives, Labor and Social Welfare for coronavirus loans.
EghtesadOnline: The Central Bank of Iran has accepted Bank Maskan’s proposal on amending a condition for getting the Housing Saving Account’s mortgage loan, says a senior official with state agent bank of Iran’s housing sector.
EghtesadOnline: The ceiling on construction loans for new buildings in urban slum areas has increased to 3.5 billion rials ($17,500), the managing director of Urban Regeneration Corporate Holding Company said.
EghtesadOnline: Deputy Minister of Roads and Urban Development Shahram Adamnejad said 35,000 billion rials ($175 million) worth of loans will be allocated to the coronavirus-hit transportation sector (air, rail, sea and road) over the next few months.
EghtesadOnline: State-backed Iran National Innovation Fund is planning to loan 45 trillion rials ($277.7 million) to knowledge-based companies and tech firms in the current fiscal year (ending March 2021).
EghtesadOnline: The CBI's governor says Iran is determined to use its legal right for receiving a loan from the International Monetary Fund to fight the coronavirus pandemic.