You want to get the most out of your loan and get the best banking experience at the same time. Now you can switch your loan to NBK and close your loans with the other bank or financial company whenever you want, with simple steps and less documentation.
Who can apply?
Loan buyout service is available for eligible new NBK Customers who meet the conditions.
What Do I Get?
You can get a loan up to KD 95,000 for up to 15 years
Enjoy benefits like Family Banking Services, NBK Rewards Program, global banking and more
You can postpone your loan installments up to 12 months
What do I need?
- Minimum 30% of existing loan installments with other banks has/have been paid
- No past dues on existing loans
- New loan must be of the same type (e.g. consumer to consumer, housing to housing)
Where can I Find it?
You can apply for loan buyout by visiting your nearest NBK Branch or through nbk.com, NBK Online Banking, NBK Mobile Banking App or by calling 1801801.
- Current interest rate on new loans is 6% per annum and is calculated on a reducing balance basis
- NBK does not charge any loan application fees
Valid Civil ID
Passport (for expatriates)
Valid salary certificate
Valid bank statements from the past 3 months
Terms and conditions apply based on regulations issued in this regard.