EXPATS BORROWED 207 MILLION DINARS IN CONSUMER LOANS

  • 14/02/2021

Kuwait City : As of December 20, 2020, expatriates were reported to have borrowed 207 million dinars in consumer loans.According to the Central Bank of Kuwait, consumer loans to citizens are 7 times the consumer loans to expatriates living in Kuwait.Consumer loans are medium-sized personal loans to citizens and residents for the purchase of goods, education and other medical expenses.Such loans have to be repaid in installments within five years from the date of taking the loan.


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