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الحقيقة الدولية
Can borrowers sue for installment rise
The article addresses the issue of rising monthly installments for bank loans and their impact on borrowers, especially when these payments exceed one-third of their salaries, placing them in difficult situations. Based on a judicial decision, the bank does not have the legal right to increase the interest rate after the loan contract has been signed, and clauses granting the bank the right to increase interest are considered non-binding if their terms are written informally. Borrowers who have been harmed by illegal interest increases can resort to the judiciary to recover the excess amounts, especially if the contracts were signed before any decisions to raise interest rates were made.
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