Embark on the journey to your dream car with Kuwait Finance House (formerly Ahli United Bank). Our Sharia-compliant car loan is designed to make your dreams a reality, offering easy and flexible payment plans. Drive with confidence, knowing that your financing aligns with Islamic principles. Let us pave the way for you to own your desired vehicle effortlessly and in accordance with your values.
- 1-5 years repayment period (60 months).
- finance amount up to KD 25,000.
- Special discounts at several car dealerships.
- Competitive profits.
- Sharia compliant.
- Acknowledgment of outstanding debts - if any.
- The client must have an account with Kuwait Finance House (formerly Ahli United Bank).
- Approval of repayment of debts to ensure coverage of 30% of the Finance amount.
- Salary certificate.
- A copy of the Civil ID and an original copy and passport for non-Kuwaitis.
- The client must not be involved in any legal claims.
- PIFSS.
- FATCA.
- KYC (Know Your Customer).
- AML (Anti-Money Laundering).
- Statement of account for the past six months.
- Social security certificate for employees in the private sector.
- Repayment period of up to 5 years (60 months).
- The client must not older than 60 years for foreigners and 65 years for Kuwaiti nationals at the due date.
- Maximum finance amount is KD 25,000.
- Monthly installments should not exceed 40% of net salary including all deductions, and 30% for retired clients.
- Clients must provide the necessary documentation to the bank to prove the purpose of the finance, within 6 months from receiving finance amount in their account.
- The balance of finances should not exceed KD 70,000 per client.
What can be covered by the finance?
Buying or renovating a house.
Should the salary be transferred?
Only if the loan amount required is more than KD 30,000.
What is the maximum finance amount?
KD 70,000.