Damascus - Sana
The Board of Directors of the Popular Credit Bank issued a decision to raise the ceiling of the limited income loan to two million Syrian pounds for a period of five years and at an interest rate of 7 percent annually, which is the same rate that was previously applied, provided that the implementation of the decision shall start from the first of next March and with the same conditions that were established Under which the loan was granted with the previous ceiling.
In a statement, SANA received a copy of it today, the bank stated that according to the decision, any worker who meets the conditions for granting the loan can benefit from an amount greater than one million Syrian pounds, i.e. 1200000 or 1300000 or 1400000 ...
Etc. / within the percentage of 40 percent of the monthly lump sum wage plus 100 percent of the fixed compensation. A worker who obtains a loan and is still paying it can also prepay the loan, benefit from the interest deduction, and obtain a new loan with the new ceiling.
The bank confirmed that the decision comes out of keenness to meet the requirements of its dealers, especially those with limited income, to provide appropriate loans that contribute to securing part of their basic needs in addition to developing the services provided by the bank.
Wasim Al-Adawi