Sunday , December 17 2017

Tag Archives: bank loan

Services terminated – “I have bank loans to pay”

My services are terminated by the employer and I am on three months’ notice period (remaining notice period is 15 days only). Please note that my Iqama will be valid for 3 months from the last working day. I am having some loans in bank and other institutions and I …

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CBK to warn on delinquent proof-of-purchase for loans

KUWAIT CITY, Dec 12: The Central Bank of Kuwait (CBK), in the next phase, will send warnings to customers who have not submitted their invoices and bills for clarifying the purpose behind taking personal loans from local banks, reports Al-Shahed daily quoting informed sources. They revealed that CBK has renewed …

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Loan transfer

I have been working with an organization as an engineer for the past 2 years. I have a loan with one of the banks which I am due to pay installments for another few months. My questions are: 1. If at all I get a good opportunity in another company …

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Saudi Arabia seeks $6-8 bln bank loan – Govt seeks to shore up state coffers

DUBAI, March 9, (RTRS): Saudi Arabia is seeking a bank loan of between $6 billion and $8 billion, sources familiar with the matter told Reuters, in what would be the first significant foreign borrowing by the kingdom’s government for over a decade. Riyadh has asked lenders to submit proposals to …

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Bank loan problems

I wish to change my job and I already have an offer letter. I had taken a loan 3 years ago from one of the Islamic banks in Kuwait when I was in my current company and the bank has been deducting the same from my salary in monthly installments. …

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Central Bank instructs banks to calculate loan to expatriates based on current salary

KUWAIT CITY, Jan 21: The Central Bank of Kuwait (CBK) has instructed banks and financing companies to calculate the consumer loan granted to expatriates based on their current salary, reports Al-Anba daily quoting sources. Sources disclosed this instruction is part of the CBK circular on granting consumer loan to expatriates …

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Some banks stop giving installment loans to expats – Despite no instructions from CBK

KUWAIT CITY, Jan 17: The new banking regulations forced some banks to stop giving installment loans worth KD 70,000 to expatriates, and restricted their financial transactions for car loans and other consumable commodities, although no instructions were given specifically regarding the issue, reports Al-Rai daily. The daily quoting sources said …

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Bank Loan

I am from India and have been working in Kuwait for the last 2 years. Currently I have a KD 5,000 loan from one of the local banks. The loan is already “10 months old”. I am getting the installments plus the interest deducted on a monthly basis from my …

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