Wednesday , September 19 2018

Tag Archives: loans

End practice of converting loans to cash, banks urged

KUWAIT CITY, July 16: Advertisements on converting loans to cash and assisting in banking transactions have been sweeping through social media lately, targeting citizens and expatriates who desire to obtain loans or reschedule debts. A reliable source said some managers of specific bank branches deal secretly with usurers to accomplish …

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Proposal submitted for State to buy Kuwaitis debts and Loans

KUWAIT CITY, July 15: MP Majid Al-Mutairi submitted a proposal for the State to buy debts and loans of Kuwaitis to be paid through longterm installments. In his proposal, the lawmaker indicated that the Constitution guarantees a prosperous life for every citizen; while official statistics revealed many Kuwaitis are suffering …

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Low-income expats squeezed out – Local banks ‘toughen’ their credit conditions

KUWAIT CITY, Dec 30: Several local banks in recent months have toughened their credit conditions, especially for personal loans. The daily quoting sources added some banks doubled the value of minimum salary for obtaining loans and now accept applicants earning no less than KD 800 monthly. Other banks have set …

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