Social Savings Plan

In this scheme, all organizations and companies whose employees regularly request interest-free microloans can open an account and deposit monthly sums collectively to build savings in order to benefit from banking services and obtain interest-free loans. In addition to organizations, all individuals can open a savings account and make regular deposits for being granted periodic interest-free loans as well as benefitting from banking services. The loans are obtainable after a minimum of 4 months from the date of opening the account and making regular monthly deposits. The repayment term can be up to 48 months, and personal loans have a 200 million IRR cap with 4% service charge.

Date:
2019/08/17
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