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 for consumer loans (personal loans, credit card loans, and car loans for personal use) from 35% to 50% of an individual's monthly income, including housing loans. This decision is effective immediately and will be monitored regularly, with the possibility of further adjustments if needed.

Egypt

Central Bank of Egypt

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