Estimation of the transaction costs of Bank Melli Iran credits in the form of selected Islamic contracts

This study was conducted to examine the transaction costs of obtaining credit in selected Islamic contracts from Melli Bank, and to determine the factors that affect the transaction costs on this credits. Transaction costs are high in developing countries, especially in credit sector, and the high cost reduces banking system efficiency and its performance. The data collected by a survey in a two-stage sampling technique in 1399, that this sample is 483 customers of Melli Bank. After estimating transaction costs of borrowing and lending, the econometric models used to determine the factors that affect the transaction costs of access to credits. The sample was. The results show that the average of transaction cost rate is 4.8% which equals 43% of average of interest rate on lending facilities. Also, this rate in micro and subsidy facilities like interest-free, transaction cost rate is estimated to be 6%, equivalent to 150% of the commission.