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Oman's central bank has said recent restrictions on personal loans are expected to ease the burden of borrowers and reduces chances of an imminent debt trap, Times of Oman has reported. The banking regulator last week said commercial banks cannot deduct more than 50% of the borrowers' salary as EMI for personal loan, 60% for housing loans, a maximum repayment period of 10 years for personal loans and 25 years for housing loans. "We do not like to (over) burden the borrowers with a high amount of loan and for an unreasonably long period of time," said Hamoud Sangour Al Zadjali, executive president of the central bank. "It (the new stipulation) will make a balance between the needs of the borrower and is also in line with the repayment capacity," he said.