| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Doha Bank Personal Loan
|
Minimum Salary: KWD 240 | Salary Transfer: No | Islamic Finance: No | Maximum Term: 15 Years | Flat Rate: 2.5% | Reducing Rate: 4.5% |
If you are a Kuwait national or expatriate Doha Bank will support you to build a more stable financial future for you and your family.
Doha Bank Personal Loan Features:
If you borrow KWD 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:
Payment per month – KWD 297.50 | Total charge for credit – KWD 710 | Total amount you repay – KWD 10,710
Please note, the actual rate applied to your loan will depend on your circumstances
Doha Bank Personal Loan Features:
- Buy your dream home
- Pay for your children's education
- Start your own business
- Save for retirement
- Meet certain needs or expenses
- Competitive interest rate
- Borrow up to KD 70,000
- Repayment period up to 180 months
- Fast approval & activation
If you borrow KWD 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:
Payment per month – KWD 297.50 | Total charge for credit – KWD 710 | Total amount you repay – KWD 10,710
Please note, the actual rate applied to your loan will depend on your circumstances
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
