Salaried workers demand better loan conditions

2011 MLS Salary Grid

2011 MLS Salary Grid (Photo credit: Bernhardt Soccer)

Finance to pressurize commercial banks to treat the salary loans differently.

Members of parliament say that salaries more especially for civil servants don’t change

and therefore the interest rates and the period of payment for salary loans should not be changed.

Samia Bugwe north Julius Maganda says salary earners took the loans long time but banks increased interest rates without considering the income of such people.

He says that government should come up with a policy that protects low income earners who survive on loans.

He says government should not allow banks to change the salary loan agreements because they are sensitive.

 

Enhanced by Zemanta

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.