Minister of Social Affairs Announces New Housing Loan Formula
The Minister of Social Affairs, Malek Ezzahi, has confirmed that the National Retirement and Social Security Fund (CNRPS) will launch a new housing loan formula starting in June, according to the TAP agency.
Key Changes to Housing Loans
The loan ceiling will increase from 15,000 dinars to 100,000 dinars. A draft law, currently in preparation, aims to revise the granting of these loans and will soon be submitted to the Council of Ministers for validation, according to the same source.
Parallel Development: Cnss to Accept Loan Applications
In parallel, since April 1, 2024, the National Social Security Fund (Cnss) has been accepting applications for personal, car, and housing loans under this new formula, which provides for increased loan ceilings and simplified repayment procedures.
Loan Repayment Terms
Housing loans granted by social security funds are repayable over a period of 20 years at an interest rate of 6.75%.