About

Loan for financing consumer goods or personal needs.


Who Can Apply?

  • All CBK customers
  • The borrower can get 25 times the salary with a minimum loan amount of KD 1,000/- and not more than KD 25,000.
  • Installment amount should not exceed 40% for employees of the net monthly salary and 30% for pensioners  of the net monthly salary
  • With the option to insure the loan with 2% of the loan amount.


The borrower Age:

  • Kuwaitis: Minimum 21 years and maximum is 69 years, (Final installment should be due before ending the age of 70 years)
  • Non-Kuwaitis: Minimum 21 years and maximum is 59 years, (Final installment should be due before ending the age of 60).


Kuwaitis:

  • Minimum monthly salary required is KD 250/-
  • Minimum employment tenor is:
    • 1 month for Kuwaitis employed in governmental sector and - 3 months for Kuwaitis employed in the private sector.
    • As for pensioners: retirement salary should be transferred to the account at Commercial Bank for 3 months.


Non-Kuwaitis:

  • If the salary is KD 250/- and above customer can get consumer loan equivalent to his/her end of service indemnity as it should not be less than KD 1,000 as per consumer loan terms .
  • If the salary is KD 400/- and above and the employment period not less than 4 months, the customer can get a consumer loan amount maximum of 15 times salary, Subject to a maximum of 15,000 KD


Interest Rate 

The current interest rate on a new loan is fixed at just 4.5% per annum and calculated on a reducing balance basis


What Should I know?

  • The borrower can get 25 times the salary with a minimum loan amount of KD 1,000/- and not more than KD 25,000
  • Your  loan period can be from 12 to 60 months
  • You have the option to insure your loan
  • You can settle the loan early at any time without paying any fees or future interest


What Do I need?

  • A copy of your Civil ID
  • A Kuwait Military ID is required for MOI, MOD and National Guards
  • Your salary certificate
  • A salary transfer continuation certificate


Apply Now For Consumer Loan