| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
ABK - Installment Loan
|
Minimum Salary: KWD 300 | Salary Transfer: No | Islamic Finance: No | Maximum Term: 15 Years | Flat Rate: - | Reducing Rate: 6.0% |
This complete, comprehensive and convenient loan package provides the highest amount and longest repayment terms of any loan package in the market.
Features:
Features:
- Highest loan amount with the longest repayment terms in the market
- Maximum loan amount available is KD 70,000
- Maximum repayment period is fifteen years
- Reducing installment terms
- Easy to get within 24 hours
** 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.
Representative Example Calculator
