Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
NBK - Installment Loan NBK - Installment Loan Minimum Salary: KWD 400 Salary Transfer: No Early Settlement Fees: No Maximum Term: 15 Years Flat Rate: 2.51% Reducing Rate: 4.5%
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Your dream home does not have to remain a dream. You can take an Installment Loan to finance the purchase, construction or renovation of your house with convenient financing at a competitive interest rate.

  • You can take out a minimum of KD 1,000 and maximum of KD 70,000
  • If your salary is not with NBK, please arrange for your salary to be transferred to NBK
  • You can enjoy the flexibility and convenience of taking a loan from 12 to 180 months
  • For loans exceeding the 5-year repayment period, your interest rate will be reviewed every 5 years, provided that the maximum increase or decrease in interest rate will not exceed 2% of the applicable interest rate, as per Central Bank of Kuwait regulations
  • NBK gives you the option to insure your loan
  • You can settle the loan early at any time without paying any fees or future interest
Documents Required:
  • Copy of your Civil ID
  • Military ID is required for MOI, MOD and National Guards
  • Salary certificate
  • Salary transfer continuation certificate
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the 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.
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