2019-12-22

A circular dated December 19, 2019 amending the ratio of consumer loans to total monthly income

In light of improved economic indicators and an increase in GDP, the Central Bank of Egypt has decided to raise the maximum limit on consumer loans, including personal loans, credit card loans, and car loans for personal use, from 35% to 50% of an individual's monthly income. The housing loan limit has also been increased to 40%. The Central Bank will closely monitor performance indicators and adjust the limits if necessary.

Egypt

Central Bank of Egypt

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