Monday , October 23 2017

Tag Archives: loan

‘Cabinet approves draft law to allow govt to take KD 25b loans for 30 yrs’

Technical panel for privatization said to study priorities KUWAIT CITY, Aug 9: The Cabinet has approved a draft law which allows the government to take loans of up to KD 25 billion for a period not exceeding 30 years from local or foreign bodies quoting informed sources. They said the …

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Loan Shark Threatening for more payment

I am an expatriate Indian living in Kuwait for the past 12 years. Due to some unfortunate incidents in my life I was forced to borrow KD 1,200 from someone by signing an I.O.U in 2013 and from that day onwards I have been paying KD 110 as interest every …

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Kuwait to give Tunisia $500mn in loans – Financing spread over five years

TUNIS, Nov 29, (Agencies): Kuwait will provide Tunisia with $500 million in loans over the next five years, Kuwait’s finance minister told delegates at a Tunis investment conference on Tuesday. Western and regional partners have been offering Tunisia financial backing as the conference gets under way, including a pledge of …

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Loan shark continues to withdraw money from bank account

First of all, I would like to thank you for your noble service regarding legal advice to the desperate people. I borrowed KD 2,000 from my friend for an emergency situation by agreeing to pay KD 2,000 extra for the borrowed money — KD 200 every month for a period …

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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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Bank ordered to rectify loan installments not to exceed 40 pc of citizen’s net salary

KUWAIT CITY, April 8: The Court of Appeals, presided over by Judge Haitham Al-Atiqi, ordered a local bank to rectify the installment amount, not to exceed 40 percent of the net salary of a citizen who obtained loan, in addition to recalculation of the period of payment. Attorney Ali Al-Ali, …

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Banks reject Mallya’s $600mn repayment offer

A group of Indian banks rejected Thursday embattled businessman Vijay Mallya’s offer to repay $600 million in unpaid loans, less than half of what his defunct airline owes them. The banks told the Supreme Court in New Delhi that they wanted the 60-year-old flamboyant entrepreneur to return to India so they …

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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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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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