Government subsidizes housing loans for 25 years
The Kuwaiti government has approved a draft decree-law aimed at regulating real estate financing for entitled beneficiaries, with the goal of providing citizens with sustainable decent housing. The law includes 15 articles covering eligibility criteria, financing mechanisms—both subsidized and non-subsidized—repayment periods not exceeding 25 years, and procedures for rescheduling loans in case of financial difficulties, with the state bearing the cost of interest. The law seeks to promote sustainable economic solutions to housing issues, emphasizing the role of the Kuwaiti Credit Bank in managing the financings and safeguarding the rights of both the state and the beneficiaries.
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