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Financing up to KD 70,000
Financing up to KD 70,000
Free debt insurance
Free debt insurance
Special rate for Royal Banking and Priority Banking customers
Special rate for Royal Banking and Priority Banking customers

Benefits:

  • Financing up to KD 70,000
  • Salary transfer is not required
  • Free debt insurance
  • No down payment required
  • Preferential rate for Al-Safwa customers
  • Up to 6 months grace period

 

Conditions:

  • Customer shall be 18 years or above
  • If the customer is below 21 years old, the guardian shall sign on their behalf
  • Customer salary shall not be less than KD 400
  • Monthly instalments for employees shall not exceed 40% of the net salary including all commitments (and 30% for retired customers)
  • Minimum financing of KD 1,000 and a maximum of KD 70,000
  • Shortest payment period of 12 months up to 180 months

 

Required Documents:

  • Civil ID
  • Account statements for the last 3 months (6 months for private sector)
  • Salary and salary continuation certificate
  • Authorized signatory and PIFSS certificates (private sectors employees)
  • Salary certificate from MGRP (private sector employees)

 

Annual Percentage Rate

  • 7.475%
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