Have you found the perfect car but lack the perfect financing? NBK’s Auto Loan offers you the opportunity to buy the new or used car you want, in the most convenient, fast and competitive way.
Who can apply?
All NBK Customers.
What is it for?
- NBK's Auto Loan are ideal for buying the new or used car you want in the most convenient way, with the most competitive terms
- You can take an Auto Loan of up to KD 25,000 over a maximum repayment period of 5 years
- The current interest rate on a new auto loan is 7.25%, which is calculated on a reducing balance basis
- You can use the NBK Loan Calculator for an idea of how much your payments will be
What should I know?
- NBK allows you to borrow up to KD 25,000
- Your loan period can be from 12 to 60 months
- Auto loan are available without indemnity
- No salary transfer is required
- Financing is available for new and used cars, motorcycles and recreational vehicles
- You have the option to insure your loan
- You can settle the loan early at any time without paying fees or future interest
- Quick and simple process
- NBK representatives are available at more than 30 auto dealers and used car offices throughout Kuwait
- You have the option to postpone your loan installments up to 6 months during loan life
What do I need?
- A copy of your Civil ID
- A Kuwait Military ID is required for MOI, MOD and National Guards
- A salary certificate
- A salary continuation certificate
- For expatriates, a copy of your passport copy is required
What are the NBK Auto Loan criteria for expats?
Car loans can be taken for up to KD 25,000, with no end of service indemnity and a repayment period of up to 60 months. Minimum eligibility is a monthly salary of KD 400