Libyan banks roll out interest-free loans

Several Libyan banks have begun offering interest-free loans to eligible customers, following directives from the Central Bank of Libya. The initiative provides loans worth 60% of the basic salary, aiming to support individuals amid ongoing economic pressures.

Among the participating banks, the National Commercial Bank announced that customers can access the loan through its MobiMal app or via text messages, streamlining the process for digital banking users.

Similarly, North Africa Bank confirmed loan accessibility via its Nap Mobile app, provided customers update the application and activate the “Mat7sebhash” service.

Meanwhile, Al-Nouran Bank opted for an in-branch approach, requiring applicants to visit its nationwide locations with a salary certificate and a commitment form to secure the loan.

Economy

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}