About

Loan is granted to customers against legal pledge on account or deposit / except current account

Who Can Apply?

• Minimum loan amount is KD 5,000
• Maximum loan amount as the following:
  
• • 90% of the pledged amount in KD:(Block 111% of the loan amount required in Kuwaiti Dinars from the deposit)
  • 80% of the pledged in foreign currency:(Block 125% of the loan amount required in Foreign Currency from the deposit)
    

Repayment of:

• Short term: minimum 3 months, maximum 12 months (1 year).
  
• long term: minimum 1 year (12 months), maximum 5 years (60 months). or due date underlying deposit account whichever is earlier for long term loan.
• Loan amount is to be repaid on a one payment basis or by monthly installments basis.

Interest Rate 

• 2.5% for short term loan, over the discount rate of the Central Bank of Kuwait.
  
• 4% for long term loan, over the discount rate of the Central Bank of Kuwait.

Apply Now For Short / Long Term Loan