*** BD3,000 loan plan to furnish new homes | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

BD3,000 loan plan to furnish new homes

TDT | Manama

Email: mail@newsofbahrain.com

Five MPs have proposed a BD3,000 loan for low-income families to help them furnish their new housing units, addressing the rising costs that often leave homes bare and unready for living.

The proposal, put forward by Bader Saleh Al Tamimi, Abdulla Hassan Al Dhaen, Dr Ali Al Nuaimi, Hamad Al Doy, and Abdulla Al Rumaihi, aims to ease the financial strain faced by many citizens after receiving their homes.

The MPs explained that many families struggle with limited incomes and mounting financial obligations, leaving them unable to afford essential items like furniture and appliances.

They argued that economic pressures and high prices make it particularly difficult for new homeowners to turn their units into comfortable spaces.

The Ministry of Housing, in its response, said that providing loans for furnishing homes falls outside its responsibilities under current laws.

Measures However, it outlined existing measures designed to support housing beneficiaries.

These include a six-month grace period before housing instalments start, calculated from the date beneficiaries open their accounts with Eskan Bank, and the continuation of housing allowance payments for three months after beneficiaries receive their keys.

Read More

Most Read