About
Loan is granted to finance the house purchase / construction / renovation
Who Can Apply?
- All CBK customers
- Minimum loan amount is KD 1,000 and maximum is KD 70,000
- Minimum loan period is 24 months and maximum is 180 months
- Installment amount should not exceed 40% of the net monthly salary for employees 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 68 years, (Final installment should be due before ending the age of 70 years).
- Non Kuwaitis: Minimum 21 years and not exceeding 58 years old, (Final installment should be due before ending the age of 60 years).
For Kuwaitis
- Minimum monthly salary required is KD 350
- Minimum employment tenor is:
- 1 month for Kuwaitis employed in governmental sector.
- 6 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:
| Salary Range | Minimum Employment | Eligible Amount | Loan Tenor |
| GCC Citizens From KD 400 | 1 year | 20 times of salary plus accrued end of service indemnity to a maximum of KD 50,000 | 10 Years |
| Non-Kuwaiti Starting from KD 400 | 4 months | 15 times of salary or accrued end of service indemnity whichever is higher | 10 Years |
| Nurses | 1 year | 20 times of salary plus accrued end of service indemnity to a maximum of KD 30,000 | 10 Years |
| Non-Kuwaiti Starting from KD 550 | 2 years | 15 times of salary plus accrued end of service indemnity to a maximum of KD 30,000 | 10 Years |
| Starting from KD 1700 | 2 years and working in Private Sectors | 25 times of salary plus accrued end of service indemnity to a maximum of KD 50,000 | 10 Years |
| Starting from KD 1700 | 3 years and working in Government Sectors | 15 times of salary plus accrued end of service indemnity to a maximum of KD 50,000 | 7 Years |
Interest Rate
The current interest rate on a new loan is fixed at just 7% per annum and calculated on a reducing balance basis
What Should I know?
- Minimum loan amount is KD 1,000 and maximum is KD 70,000
- Minimum loan period is 24 months and maximum is 180 months.
- For loans exceeding the 5-year repayment period, your interest rate will be reviewed every 5 years, provided that the maximum increase or decrease in interest rate will not exceed 2% of the applicable interest rate, as per Central Bank of Kuwait regulations.
- 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 Housing Loan
Online Banking
Al-Tijari Financial Brokerage
