CBK

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 7% 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?

Apply Now For Consumer Loan

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