Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Marriage loans increased to SR60,000  Join our daily free Newsletter

MENAFN - Arab News - 19/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Arab News) marriage loans will be increased to sr60,000 under a new scheme approved by the saudi credit and savings bank


The new scheme also includes lowering the age requirement for applicants for family loans. in addition, these loans will be made available for employees who earn up to sr10,000 instead of the previous sr8,000 cap


“the main amendments to the regulations include raising the limit of marriage loans from sr45,000 to sr60,000 and allowing salary earners of up to sr10,000 to benefit from the scheme,” said ibrahim al-hanichl, general manager at the bank


The said the company’s board of directors approved cancelling the age requirement for family loans and instead adopting a new criteria that takes into account the applicant’s income and the number of dependents he is obliged to support


“according to the new criteria, each family member’s share averages to about sr2,000,” he said


He said applicants are eligible for a marriage loan within a year of getting married


In addition, applicants can now seek a second loan within a year of acquiring an initial loan instead of the previous three year-period


The bank has offered more than 600,000 loans during the past three years worth over sr27 billion. that translates to 18,000 loans and sr800 million in loans per month.


 


Arab News




  MENA News Headlines
 Sep 21 2014 - Sizzling Dubai property prices cool downAFP
(MENAFN - AFP) Dubai property prices are cooling to "healthy" levels after a two-year rally during which real estate rebounded from a slump when the global financial crisis hit in 2009. Developers ...

 Sep 21 2014 - Kuwait Bourse Indices Close in GreenQatar News Agency
(MENAFN - QNA) Main indices of the Kuwaiti bourse were in the green zone upon closing on Sunday with the weighted, the price, and the KSX 15 indices up by 1.67, 13.85, and 4.72 points ...

 Sep 21 2014 - Elaraby Discuss Support of Palestinian Rights with Australian FMQatar News Agency
(MENAFN - QNA) Arab League Secretary-General Dr. Nabil Elaraby discussed with Australian Foreign Minister Julie Bishop on the sidelines of the 69th session of the United Nations General Assembly. ...

 Sep 21 2014 - Dr Al-Awadhi outlines Alzheimer's symptoms advises 'special care'Arab Times
(MENAFN - Arab Times) KUWAIT CITY Sept 20 (KUNA): Kuwait along with other nations of the globe mark Sept 21 as 'World's Alzheimer Day' a widelyspread illness suffered by approximately 35 million ...

 Sep 21 2014 - Gold Prices Continue to FallQatar News Agency
(MENAFN - QNA) Gold price continued dropping for the past eight months to reach its lowest at USD 1,214 per ounce amid hike of the US dollar, said an economic report on Sunday. Sabaek Company ...

 Sep 21 2014 - Qatar Confirms Human Rights Promotion is Strategic OptionQatar News Agency
(MENAFN - QNA) The State of Qatar has confirmed that the issue of promoting and protecting human rights is a strategic option for the state and forms the backbone of the comprehensive reform, ...

 Sep 21 2014 - Qatar Confirms Human Rights Promotion is Strategic Option -1-Qatar News Agency
(MENAFN - QNA) HE Assistant Foreign Minister for International Cooperation and Head of Qatar's delegation in front of the Human Rights Council Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani said ...

 Sep 21 2014 - Industries Qatar Announces Changes to Board of Directors and Executive ManagementQatar News Agency
(MENAFN - QNA) Industries Qatar (IQ) issued a brief statement regarding changes by Qatar Petroleum to IQ's Board of Directors and executive management in line with its authority under IQ's Articles ...

 Sep 21 2014 - HH the Emir Sends Congratulations to Presidents of Malta and ArmeniaQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani sent Sunday a cable of congratulations to President of the Republic of Malta Marie Louise Preca on the occasion of her country's National ...

 Sep 21 2014 - HE Premier Sends Congratulations to Presidents of Malta and ArmeniaQatar News Agency
(MENAFN - QNA) HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani sent Sunday a cable of congratulations to President of the Republic of Malta Marie Louise ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help