Saudi banks reduce monthly loan repayment limit to 55% for middle- and low-income borrowers

Saudi banks have lowered the monthly salary deduction rate for personal and mortgage loans to 55% for employees earning under SAR 15,000, down from 65%. This change aims to improve financial stability for middle- and low-income groups. Despite the tighter limits, mortgage lending grew 15% in the first half of 2025, reaching SAR 932.8 billion.

from World News, Today World News, Latest International News, World Breaking News, Trending News of World - Times of India https://ift.tt/Vt5FeaT

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