Housing Loan

About

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

Interest Rates

• 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