The Minister of State for Financial Affairs, Muhammad bin Hadi Al-Husseini, confirmed that all banks in the country practice their activities in compliance with all decisions and mechanisms issued by the Central Bank, explaining that there are no conditions or procedures that prevent, prohibit or restrict senior citizens from obtaining any Personal loans from banks.
In response to a parliamentary question directed by the First Deputy Speaker of the Federal National Council, Hamad Ahmed Al-Rahoumi, during the Council session held this morning, the minister pledged to direct the Central Bank to study a proposal to raise the deduction amount from the income of the retired citizen who benefits from personal loans, to 50% of the pension salary. Instead of the current deduction rate of 30% of income.
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