Kuwait raises retirees’ loan instalment ceiling to 40 percent of pension
The Central Bank of Kuwait increased the monthly loan instalment limit for retirees. This limit moved from 30 percent to 40 percent of their net pension. The change aims to create equal treatment for different customer categories. It is intended to strengthen financial inclusion and encourage borrowing that is responsible. These measures seek to protect the ability of retirees to meet their financial obligations.
The revised framework aims to ensure equal treatment across customer categories, strengthen financial inclusion and encourage responsible borrowing while safeguarding retirees’ ability to meet their financial obligations. The Central Bank of Kuwait (CBK) has raised the maximum monthly loan instalment limit for retirees from 30 to 40 percent of their net pension, bringing them in … The post Kuwait raises retirees’ loan instalment ceiling to 40 percent of pension appeared first on Times Kuwait .