Banks are expected to help with mortgage loans



Lending to develop the housing sector and help people buy housing will skyrocket in fiscal 2022, the MP said.
According to the budget rules for 2021-2022, Iranian banks are required to inject 1,600 trillion riyals ($ 6 billion) to help home buyers, Mojtab Yousefi said.
“Banks can provide housing loans equivalent to 20% of the total amount of loans in the current financial year,” – quoted him as IRNA.
If realized, the housing sector could grow significantly compared to last year, when housing loans accounted for less than 7% of the total volume of loans issued by banks.


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