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Posted On: 10 September 2011 02:21 pm
Updated On: 12 November 2020 02:11 pm

QCB ‘will not review loan regulations’

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A source at Qatar Central Bank (QCB) has said that the ceiling on personal loans will not be raised as a result of the pay hike for Qataris, a local Arabic daily reported yesterday. QCB had issued new regulations in April this year to limit personal loans for Qataris to a maximum of QR2mn with a six-year repayment period. The source also revealed that Qataris can enjoy the benefit of the salary rise, by taking a second loan processed directly from the bank concerned. Some Qatari businessmen and experts had expected that the loan limit would automatically increase as a consequence of the salary hike, the daily added. Gulf Times