Housing Loan

About

Your dream home does not have to remain a dream. You can take a Housing Loan to finance the purchase, construction or renovation of your house - with convenient financing at a competitive interest rate.

Who can apply?

• All NBK Customers
• You should be younger than 70 years at the maturity of your loan
• Minimum salary should be KD 400

What is it for?

• NBK's Housing Loan is ideal for financing the purchase, construction or renovation of private residences
• You can take an installment loan up to KD 70,000 for up to 15 years

Interest rates

• The current interest rate is fixed at 7% and is calculated on a reducing balance basis
• You can use the NBK Loan Calculator for an idea of how often and how much your payments will be

What should I know?

• You can take out a minimum of KD 1,000 and maximum of KD 70,000
• If your salary is not with NBK, please arrange for your salary to be transferred to NBK
• You can enjoy the flexibility and convenience of taking a loan from 12 to 180 months
• 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
• You have the option to postpone your loan installments up to one year

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 transfer continuation certificate