The Multi-Benefit Credit Loan is an installment loan designed to finance non-commercial expenses, such as maintenance, renovation or repair of your home. This loan provides multi-benefits, such as a higher loan amounts and lower interest rates.
- Loan amount up to KD 70,000, with a minimum amount of KD 3,000
- Flexible loan repayment period of 24 to 180 months
- Interest is deducted monthly and calculated on reducing loan balance
- Salary certificate and salary transfer is generally required
- Monthly installments of loans and other financial liabilities should not exceed 40% of (net monthly salary / regular income) for employees and 30% for retirees