Interest-free loans for Kuwaitis ignite banking competition

Monday, 13 September 2021
Interest-free loans for Kuwaitis up to 70,000 dinars Interest-free loans for Kuwaitis up to 70,000 dinars The target group for obtaining interest-free loans in Kuwait

#Vision_Int, Dubai United Arab Emirates:- On August 28, 2021, the Kuwaiti government announced the granting of interest-free loans to citizens, which prompted Kuwaiti banks to race towards assigning these loans, and bidding.

Banking competition between banks in Kuwait, which prompted some of them to raise the challenge of free loans granted without any interest from 40 thousand to 70 thousand dinars over 4 years..

The banking race towards individual customers in this field has expanded to include about 7 banks currently, the least of which lends 25,000 dinars without interest, in addition to cash gifts and exclusive benefits for customers.

As a banker, the target group for obtaining good loans is among those with high salaries. As an accountant, whoever borrows 70,000 dinars must receive a minimum salary of 3645 dinars, in order to be able to pay the monthly installment, which will amount to 1458 dinars.

In accordance with the instructions of the Central Bank of Kuwait, a maximum monthly deduction was set at 40 percent for employees and 30 percent for retirees from the total monthly income.

Rate this item
(0 votes)

Video Gallery

China makes fun of US, shares video of Taliban militants turning US planes into swings | Cobrapost
China makes fun of US, shares video of Taliban militants turning US planes into swings | Cobrapost
World first as aeroplane flies through tunnel at 245 km/h to set World Records
World first as aeroplane flies through tunnel at 245 km/h to set World Records
Brazilian blind footballer Raimundo Mendes scores brilliant solo goal to seal Paralympics gold
Brazilian blind footballer Raimundo Mendes scores brilliant solo goal to seal Paralympics gold
« September 2021 »
Mon Tue Wed Thu Fri Sat Sun
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30      

Tweet

vision-top
Thu Sep 23 18:16:19 +0000 2021

Aumenta el número de muertos por cólera en Nigeria https://t.co/bgsH0dX9ex
vision-top
Thu Sep 23 17:43:28 +0000 2021

Le nombre de morts du choléra s'alourdit au Nigeria https://t.co/S0zcnKWNdD
vision-top
Thu Sep 23 17:29:10 +0000 2021

Bashaar Al Jawad comes back with an arrow of love aiming at the Heart “Bil Alb” https://t.co/1SAOQ7vgpb
vision-top
Wed Sep 22 19:29:11 +0000 2021

The US Treasury imposed sanctions on the "SOX" platform https://t.co/WWsaNfYlfD
Follow vision-top on Twitter

See Video

VISION All Rights Reserved.