National Bank of Kuwait Personal Loan - Consumer Loan for Resident in Kuwait
|Minimum Salary needed||Not mentioned|
|Maximum amount available||KD 15,000|
|Length of Loan||5 years|
|Profit Rate||5% p.a.|
|Upfront Fees ( if any )||Not mentioned|
|Eligibility||Please arrange for your salary to be transferred to NBK; Whether you are a Kuwaiti or an expatriate, NBK loans are available to all; You should be younger than 65 years at the maturity of the loan|
|Main Features||You have the option to insure your loan; You can settle the loan early at anytime without paying any fees or future interest|
National Bank of Kuwait
Incorporated in 1952, the National Bank of Kuwait was established as the first local bank in the country as well as in the Gulf region. The bank is currently the largest financial institution in the region. It has some 67 branches within the country and a growing significant presence in international markets. Some of the countries that the bank has ventured into include the United Kingdom, Singapore, China, Bahrain as well as Turkey. Additionally, the bank has a number of subsidiaries including majority stakes in other banks such as Bank Boubyan, NBK Lebanon as well as the Credit Bank of Iraq. In terms of achievements, the bank was the first known financial institution in the Middle East to set up an International Advisory board, a precedent which was quickly taken up by other banks.
Personal Loan - Consumer Loan for Resident
Whether you require additional finances to shop for personal goods or just need a bit more extra cash, the personal loan option offered by National Bank of Kuwait (NBK) helps you meet all your needs as they arise. Amount offered varies based on need with individuals capable of borrowing a minimum of KD 1,000 up to a maximum of KD 15,000. The interest on the loans is set at 5% and are calculated based on a reducing balance basis. Moreover, the loan period starts from 12 months and can be extended to 60 months depending on the conditions imposed on the loan.
Having a population of approximately 4 million people, the city of Kuwait is the nation’s largest city. It also serves as its capital and is largely considered a global city internationally. Sitting on the shores of the Persian Gulf, the city is a unique blend of Islamic architecture, designer malls and western-styled hotels. As one wanders through the city streets, you will be sure to see the unique symbols of the city, the painted Kuwait Towers. The city derives most of its wealth from the sale of petroleum which accounts for nearly half of the country’s Gross Domestic Product (GDP).