فارسی | Friday18 August 2017
 

Qarz-al-hassaneh credit facility
Qarz-al-hassaneh is a contract, by which the bank as the lender allocates a certain amount based on the principles to individuals or legal entities as the debtor. The repayment undertaking of the debtor is solely effected for the total amount of the credit facility as well as the related commission. Each bank's Qarz-al-hassaneh allocation share, its ceiling and commission rate are determined annually by the Central Bank of Iran.
 
The application of this kind of facility is in financing of the followings:
A) Co-operative companies for entrepreneurship
B) Workshops and manufacturing units that belong to individuals or legal entities to develop and increase production
C) Other necessities of individuals including:
- Marriage costs
- Trousseau preparation
- Illness treatment
- House repairs
- Scholarship
- Aids to provide housing in villages
- Qarz-al-hassaneh to meet emergency necessities
- Qarz-al-hassaneh for house deposit
 
Required documents for Qarz-al-hassaneh loans
·        The applicant's written request
·        The copy of the applicant's ID card (both couples in the case of Qarz-al-hassaneh for marriage and providing trousseau)
·        The copy of the applicant's National card (both couples in the case of Qarz-al-hassaneh for marriage and providing trousseau)
·        The applicant's employment certificate on the date of allocating the facility, indicating the applicant's wage and if necessary the written undertaking to pay in installment out of his wage
·        The copy of the official lease contract in the case of Qarz-al-hassaneh for house deposit
·        The copy of the student card, and written inquiry from the related training center, confirming that the applicant is studying there in the case of Qarz-al-hassaneh for scholarship
·        The original or the approved copy of the hospital bill in case of  Qarz-al-hassaneh for the treatment of illness
·        The copy of the documents for emergency Qarz-al-hassaneh such as, certificate for death, robbery, fire and….. in case of Qarz-al-hassaneh to meet  emergency necessities
·        The full copy of title deeds of movable and immovable properties, the company's stocks, partnership papers and etc. in case of allocating Qarz-al-hassaneh credit facilities to manufacturing, agricultural units, manufacturing and service companies
·        The copy of the warrantor's ID and National card
·        Business license or wage certificate of the warrantors