CBK allows loan restructuring, raises deduction limit to 50% for existing borrowers - Times Kuwait

CBK allows loan restructuring, raises deduction limit to 50% for existing borrowers - Times Kuwait

The Central Bank of Kuwait (CBK) has approved new measures allowing banks and financing companies to restructure personal loans — whether for consumer or housing purposes — based on the borrower’s updated financial circumstances. Under the revised framework, the maximum monthly installment deduction from the salary of an employed borrower has been increased from 40% to 50%. This adjustment enables clients whose salaries have been reduced to lowe…