Housing Loan

To apply for a Housing Loan, you need a valid salary certificate, valid Civil ID or digital ID on Kuwait Mobile ID and a bank statement of the last 3 months for non-NBK Customers.

Yes, NBK offers the option of insuring your loan by sharing half of the cost of insurance while you pay the other half. The Loan Insurance plan ensures your loan so that in the event of death, the loan outstanding is settled by the insurance company. Please note that disability of any kind is not covered under this insurance plan. You can apply for Loan Insurance at the time of your loan application only.

NBK strives to make taking a loan as convenient as possible. You can close your NBK Loan anytime, at any NBK Branch in Kuwait. NBK will not charge you fees for early settlement. Please note that all you need to pay is the outstanding balance of your loan. NBK does not recover any future interest unlike other banks (Islamic).

You can make a partial settlement of your loan at any time at any NBK Branch without incurring fees or charges. NBK will not change your installment amount, so that your loan will finish earlier than the contract. You can make a partial payment of minimum KD 100 subject to a payment that won’t exceed 80% of your loan outstanding balance.

For a Housing Loan that is more than 5 years, the monthly installment will change every 5 years within the loan maturity. For example, your installment will change twice during a 15-year period when the interest rate changes.

Depending on the CBK rate after 5 years, your installment amount may increase or decrease. However, NBK guarantees that it will not change the number of installments. The loan term will remain the same as per your loan contract.