Unsecured loans from banks (full list 1402)


One of the most important problems in getting a loan is finding a guarantor. Banks are generally strict about guarantors. All types of loans such as marriage loans, student loans, housing loans need a guarantor, and this issue deprives a large group of people from these facilities. But for several years, there has been another possibility in banks that people can borrow without a guarantor and with certain conditions.

The Ministry of Economic Affairs and Finance assigned unsecured loans to banks since 1400. This law was notified to 13 state banks and it was agreed that micro-facilities will be granted by validation method and without guarantor.

Which banks give loans without guarantor

National Banks, Sepeh, Housing, Agriculture, Industry and Mining, Trade, Export, Export Development of Iran, Welfare of Workers, Mellat, Post Bank of Iran, Shahr, Qaraz-e-Hosneh Mehr of Iran and Cooperative Development are under the government and according to the notification of the Ministry of Economic Affairs and Assets must provide loans without guarantors. According to an agreement, these banks have declared their readiness to grant loans without a guarantor and accept validation from the borrower instead of a guarantor, but the credit rating of the borrower is important in this type of loan.

Who is granted a loan without a guarantor?

The loan without guarantor is offered in two amounts of 50 and 100 million tomans. If the applicant is employed, retired and pensioner of government executive bodies including ministries, government organizations, state companies, non-governmental public institutions and other reputable private sector companies as determined by the bank, whose salaries are deposited to the bank requesting a loan, they are subject to paragraph 1, who can apply without a guarantor. and receive a loan of up to 50 million tomans with a letter of deduction from salary. Of course, these people must have B, A and C credit ratings.

The rest of the private sector employees who are not in paragraph 1 and whose salaries are with the bank are considered to be included in paragraph 2, and if they have A and B credit ratings, they can receive a loan of 50 million under the same conditions.

Subjects of paragraph 2, if their credit rating is C, they must introduce a valid guarantor with a promissory note or check so that they can borrow up to 50 million tomans.

For a loan of 50 to 100 million tomans, if the applicant is subject to paragraph one, without a guarantor, he can apply for a loan with a salary deduction letter along with a promissory note or check.

Subjects of paragraph two, however, must introduce a guarantor with a promissory note and check for a loan of 50 to 100 million tomans.

Another issue that banks usually consider is that your monthly income matches the loan installments.

As a result, the conditions for receiving facilities without guarantor in banks based on this circular are as follows:

  • You must be a salaried employee of the bank to which you apply for a loan, that is, your salary or pension will be deposited into that bank on a monthly basis.
  • Subjects of paragraph 1 with credit rating B, A and C can borrow without guarantor and with a salary deduction letter up to 50 million Tomans and with a salary deduction letter and check or promissory note up to 100 million Tomans.
  • Subjects of paragraph 2 with credit rating A and B and salary deduction letter up to 50 million tomans can get a loan without guarantor.
  • The fee for this loan is 18% and repayment is 36 and 48 months.

Validation and credit rating

Validation in these loans has the role of a guarantor for you and is the method by which banks and financial and credit institutions check the good or bad credit of the applicant in financial and banking obligations before paying the loan. Validation is done by the validation system.

In the validation of your credit history, your general obligations and guarantees are checked. In the credit history of information about the facilities received, the method of repayment of installments, positive and negative records in the practice of direct and indirect obligations are checked. In public obligations, the result of negative records with other organizations such as bounced checks, debt to taxes and debt to customs is announced. Guarantees also include a full report on the credit status of the guarantors of various customer contracts.

So, in general, the facilities received by people from different banks and financial institutions, payment of installments, returned checks are checked and based on this, a credit rating is given to the person.

Those who are late in paying loan installments, or have bounced checks cannot get a good score. Late payments deduct the most points from a person’s credit score, then a bounced check lowers your score. Also, those who you have become guarantors are also effective in your credit rating. That is, if you become the guarantor of the loan of someone who does not pay his installments on time, your credit score will decrease.

Those who want to take a loan for the first time actually have no credit score in the system.

You can improve your credit history. If you have a low score due to bank arrears or bounced checks, you can improve your record by paying them off.

All the government banks that we mentioned before are obliged to provide this type of loan. Of course, they have not informed about this separately on their sites. As a result, you cannot apply for an absentee loan for a loan without a guarantor.

When you go to the banks, you may get the answer that they don’t pay the loan at the moment. Or banks may consider getting a loan subject to checking the average or average balance, while this is not legal for government and semi-government banks. Also, banks should not make deposit blocking a guarantee condition.

In these cases, you can register your complaint against these banks by referring to the central bank’s public communication system and follow up with the tracking code in the next steps.


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