
Bahrain: Parliament Approves Reduction in Housing Loan Deductions and Interest Rates
The Daily Tribune, 19 March 2025: Bahrain’s Parliament has approved a reduction in housing loan deductions and interest rates to ease financial pressures on citizens.
The Parliament has passed a proposal to lower the monthly deduction for housing services from 25% to 20% of salaries. This decision aims to ease the financial burden on Bahraini citizens who are receiving housing loans. Additionally, Members of Parliament urged the Ministry of Housing and Urban Planning to collaborate with Eskan Bank to reduce the overall interest paid on housing loans by 20%.
Currently, citizens pay up to half the loan value in interest alone.
For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.
You can also explore the legal landscape by subscribing to our Weekly Newsletter.
Want to learn more about Lexis® Middle East? Visit https://www.lexis.ae/lexis-middle-east-law/.