Housing Loans
Fund your dream home
Housing Loans
The Housing Loan is designed to help you take confident steps toward owning, improving, or maintaining your home. Whether you are purchasing a new property, renovating your current residence, or covering essential maintenance costs, this loan provides the financial support to make your plans a reality.
With competitive financing and flexible repayment options, the Housing Loan is structured to support your long-term stability while keeping your monthly commitments manageable.
With Burgan Bank, your journey to a better home is made simpler and more achievable.
Loan Amount:
Up to KD 70,000
Repayment Terms:
Flexible repayment options available
Benefits
Finance the Purchase
Finance the maintenance, renovation, or repair of home or purchase of a new home
Repayment Period
Choice of repayment period from 12 months to 180 months
Loan tenure up to 15 years
Loan amounts up to KD 70,000
Minimum Net Salary: KD 400.
Employer: Government, Semi-Government, KIPCO Group Companies, Approved Companies.
Age: Minimum: 18 years (must be employed), Maximum: 70 years at loan maturity
Frequently Asked Questions
For any further questions or clarifications contact us at 1804080
The minimum loan amount is KWD 1,000.
Your eligible loan amount is determined based on your repayment capacity. The monthly installment must not exceed:
40% of net salary for employees
30% of net salary for retirees
The final loan amount remains subject to the bank’s eligibility and credit assessment.
Yes, provided you have completed the minimum required period:
- One months for government and semi-government sector employees.
- Three months for private sector employees.
Once the payment becomes overdue, your account may be subject to the following measures:
- 1 - 90 days overdue: Transactions on your accounts will be restricted to deposits only.
- More than 90 days overdue: The bank may initiate legal action.
Yes. Loan insurance is optional and can be added at your request at the time of applying to the loan. If you opt in for the insurance, a fee equivalent to 2% the loan amount will apply. This coverage helps settle the outstanding loan balance in the event of unforeseen circumstances, such as death, subject to the policy terms and conditions.
Yes, you can settle your outstanding loan balance at any time before the maturity date without early settlement fees or penalties by visiting a Burgan branch.