Banking competition between banks in Kuwait, which prompted some of them to raise the challenge of free loans granted without any interest from 40 thousand to 70 thousand dinars over 4 years..
The banking race towards individual customers in this field has expanded to include about 7 banks currently, the least of which lends 25,000 dinars without interest, in addition to cash gifts and exclusive benefits for customers.
As a banker, the target group for obtaining good loans is among those with high salaries. As an accountant, whoever borrows 70,000 dinars must receive a minimum salary of 3645 dinars, in order to be able to pay the monthly installment, which will amount to 1458 dinars.
In accordance with the instructions of the Central Bank of Kuwait, a maximum monthly deduction was set at 40 percent for employees and 30 percent for retirees from the total monthly income.