Bahrain may provide interest-free housing loans

Published January 2nd, 2006 - 06:46 GMT
Al Bawaba
Al Bawaba

The Bahraini Government will provide interest-free housing loans for families earning less than BD600 per month, if a bill is approved by the Chamber of Deputies. According to Bahrain Tribune, the committee of public facilities and environment at the Chamber has already given the green light to the draft law.


Later this week, the Chamber will debate the bill which also exempts the beneficiaries from paying administrative fees on the loans.