Social Insurance clarifies personal loan criteria for retirees

The General Organization for Social Insurance has clarified the conditions for retirees to obtain personal financing, stating that the retiree's age must not exceed 65 years at the time the final loan installment is due.

It added that the total deduction from the retirement pension must not exceed 25 percent, in accordance with Social Insurance regulations.

The organization previously explained that holding a commercial registration does not affect eligibility for retirement benefits.

It also stated that employment in a job covered by the Social Insurance system does not impact pension eligibility under retirement regulations.