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النهار أونلاين
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النهار أونلاين

2026-10-19T20:59:24.000Z

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Al-Nahar Online: Lowering Retiree Loan Rates

Al-Nahar Online: Lowering Retiree Loan Rates

The interest rates on loans intended for retirees will soon be reduced to 2%, aimed at improving their living conditions. More than three million six hundred thousand retirees will benefit from this reduction, which includes consumer loans, car loans, and mortgage loans, excluding commercial ones. Additionally, the amount of funds withdrawn via bank cards will be increased. A committee has been formed to study these modifications in order to offer better differential rates than those agreed upon in December of last year, with the goal of enhancing the quality of services provided and increasing cooperation between the National Retirement Fund and the Local Development Bank.

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