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الجمهورية
Bank Badr offers new bus loan
The Agricultural and Rural Development Bank has announced the launch of a new financing product aimed at funding the purchase of new buses for passenger transport. The financing covers up to 90% of the cost of the bus, with the beneficiary contributing 10% personally and receiving support from the state amounting to 20%. The program targets private transporters who wish to replace their old buses that are over 25 years old, with the goal of improving service quality, supporting vehicle renewal programs, and strengthening the national economic activity. Financing is offered through two schemes: conventional and Islamic, with repayment periods of up to 10 years and a grace period of 6 months, in accordance with the specified technical and organizational conditions and standards. This initiative is part of the government's efforts to promote the modernization of transportation methods and improve public transport services.
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