SIM card is accepted as collateral for micro-facilities of banks

The central bank has considered various collaterals for its microloan packages, including mobile SIM cards.

According to Iran digital economy annotattion, by using online SIM card pricing services, you can find out the value of your SIM card and get small loans from banks by pledging it.

It has happened to many of us that we want to look for a loan from banks to buy a phone, car, household items, house, land and many other things. Basically, due to the economic conditions of the country, no one can save monthly as before, and due to rampant inflation, the capital of many people is shrinking day by day, and the value of Rial is decreasing day by day. This issue makes people more eager to take loans from banks so that they can maintain the value of their money by buying the goods they want.

One of the main obstacles to getting a loan from the country’s banks and institutions or even receiving assistance is providing a guarantee or bond, which most people have difficulty in providing, and this is one of the main concerns on the way to receiving the facility.

Some banks and financial institutions receive collateral from their customers to provide facilities, and they also accept regular collateral for microloans.

It was last year that Ali Salehabadi, the former head of the Central Bank, said in an interview: “One of the central bank’s work axes has been to strengthen and improve the relationship between banks and customers, and in this regard, financing for the payment of micro-facilities was brought up. Therefore, the central bank presented microloan packages, and in this regard, various collaterals have been considered; So that people’s mobile SIM card can be considered as bank collateral, and the purpose of this work was to facilitate bank collateral.”

Since the SIM card is considered one of the most valuable assets these days, the Central Bank has accepted that it be used as a collateral for received facilities.

Mobile phone SIM cards are priced according to the amount of round they have; That is, if your SIM card number consists of consecutive numbers, it has an astronomical price.

In today’s market, many round SIM cards are traded at billions, and some of them even mock the price of houses and have the ability to compete with the price of luxury cars. For example, in some cases, people trade their house by changing the ownership of their SIM card to the name of the seller of a house.

It is for this reason that the Central Bank has shown great enthusiasm to accept SIM cards as collateral for facilities and accepted that in today’s world SIM cards are also considered a valuable asset.

But you may have wondered how much the SIM card you have is worth? There are some sites that determine the price of a SIM card online using special algorithms, and accordingly, the price of a SIM card is calculated roughly.