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Banks Restart Loans For Expatriates

After a three-year hiatus, some banks in Kuwait have restarted offering loans to expatriates in the private sector. Banks have updated their policies and reduced the minimum salary requirement to 300 dinar, with a minimum work period of four months. Loan entitlement conditions set by the Central Bank of Kuwait apply to some banks, such as the requirement for the applicant’s company to be listed on the Kuwait Stock Exchange. The value of consumer loans is based on the applicant’s salary and the prescribed deduction percentage.

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