With a Housing Loan from NBK, you can build or renovate your dream home. Get up to KD 70,000 loan with a repayment period of up to 15 years and up to 12 months grace period.
Who is it For?
- All customers with salary transferred to NBK can apply for the loan
- Your age should be less than 70 years at loan maturity
- Your minimum salary should be KD 400
What Do I Get?
- You can take out a minimum loan of KD 1,000 and maximum of KD 70,000
- You enjoy the flexibility of repaying the loan for a period ranging from 12 to 180 months
- You enjoy up to 12 months grace period. Terms and conditions apply
How Do I Get It?
To apply for a Housing Loan, please submit the following documents:
- Copy of your Civil ID
- Salary certificate
- Salary transfer continuation certificate
- The current interest rate is fixed at 7.25% and is calculated on a reducing balance basis
- You can use NBK Loan Calculator to get an idea of how much you can borrow and how much your payments will be
Tell Me More
- 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