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Consumer Financing

Consumer Financing is provided to assist customers fulfill the following:

  • Purchase vehicles, furniture and electronics
  • Cover education expenses
  • Cover medical expenses
  • Travel
Features:
  • Minimum a period of 1 Year and maximum of 5
  • A finance up to 15,000 KD
Benefits:
  • Lowest Market Rate.
  • Islamic Banking.
  • No interest accumulation.
Requirements:

The Customer must submit the following documents in order to complete the finance application:

  • Recent debt letter from the creditor, if any
  • Customer must have an AUB account.
  • Debt repayment statement to ensure 30% of the current finance amount is cleared
  • Salary certificate/ Security/ Civil Service
  • Copy of Civil ID/ original ID and passport for non-Kuwaitis
  • Make sure the customer is exempt from any legal disputes
  • PIFSS
  • Salary certificate and continuation salary certificate
  • KYC
  • FATCA
  • AML
  • Bank account statement for 6 months
  • Recent social allowance certificate (private sector only)
Terms & Conditions:

Consumer Financing at AUB is subject to the following Terms and Conditions:

  • The finance shall be repaid over a period of 5 years.
  • Maximum age 60 for expats and 65 years at date of maturity
  • The maximum allowed amount of consumer financing is 15,000 KD.
  • Monthly instalments may not exceed 40% of the customer’s net salary, including all deductions, and 30% for retired customers.
  • Terms and conditions applied
Q & A:
  • What Kind of things does a consumer finance cover?
  • Medical, education, car, furniture , medical and travel
  • Do I have to transfer my salary?
  • No

To know more about our fees and commision, click here


Instalment Financing

Instalment Financing is provided to assist customers in purchasing a property or renovating a home.

Features:
  • Minimum a period of 1 Year and maximum of 15
  • A finance up to 70,000 KD
Benefits:
  • Lowest Market Rate
  • Islamic Banking
  • No interest accumulation
Requirements:

The Customer must submit the following documents in order to complete the finance application:

  • Recent debt letter from the creditor, (if any)
  • Customer must have an AUB account.
  • Debt repayment statement to ensure 30% of the current finance amount is cleared ( If any)
  • Salary certificate/ Security/ Civil Service
  • Copy of Civil ID/ original ID and passport for non-Kuwaitis
  • Make sure the customer is exempt from any legal disputes
  • PIFSS
  • Salary certificate and continuation salary certificate
  • KYC
  • FATCA
  • AML
  • Bank account statement for 6 months
  • Recent social allowance certificate (private sector only)
Terms & Conditions:

Consumer Financing at AUB is subject to the following Terms and Conditions:

  • The finance shall be repaid over a period of 15 years.
  • Maximum age 60 for expats and 65 years at date of maturity
  • The maximum allowed amount of consumer financing is 70,000 KD.
  • Monthly instalments may not exceed 40% of the customer’s net salary, including all deductions, and 30% for retired customers.
  • The customer should provide the Bank with all required documents that prove reason for finance within 6 months from depositing the finance amount in the customer’s account.
  • Total balance of Finances on a single client may not exceed KD 70,000
  • Terms and conditions applied
Q & A:
  • What Kind of things does instalment finance cover?
  • House purchase, and home renovation
  • Do I have to transfer my salary?
  • No if less than 30,000 KD

To know more about our fees and commision, click here


Auto Financing

Auto Financing is provided to assist customers purchase a vehicle

Features:
  • Minimum a period of 1 Year and maximum of 5
  • A finance up to 15,000 KD
Benefits:
  • Lowest Market Rate
  • Islamic Banking
  • No interest accumulation
  • Special discounts at different car dealerships
Requirements:

The Customer must submit the following documents in order to complete the finance application:

  • Recent debt letter from the creditor, if any
  • Customer must have an AUB account.
  • Debt repayment statement to ensure 30% of the current finance amount is cleared
  • Salary certificate/ Security/ Civil Service
  • Copy of Civil ID/ original ID and passport for non-Kuwaitis
  • Make sure the customer is exempt from any legal disputes
  • PIFSS
  • Salary certificate and continuation salary certificate
  • KYC
  • FATCA
  • AML
  • Bank account statement for 6 months
  • Recent social allowance certificate (private sector only)
Terms & Conditions:

Consumer Financing at AUB is subject to the following Terms and Conditions:

  • The finance shall be repaid over a period of 5 years. .
  • Maximum age 60 for expats and 65 years at date of maturity
  • The maximum allowed amount of Auto- financing is 15,000 KD.
  • Monthly instalments may not exceed 40% of the customer’s net salary, including all deductions, and 30% for retired customers.
  • Terms and conditions applied
Q & A:
  • What is the offers?
  • Discounts depend on finance segments and we provide promotions with agency such as, free service up to 60.000 KM
  • Do I have to transfer my salary?
  • No

To know more about our fees and commision, click here


Real Estate Financing

A financing for customers to own a building, villa, apartment, or land.

Features:
  • Minimum a period of 1 Year and maximum of 5.
  • A finance up to 2,000,000 KD.
  • Finance period of up to 20 years for investment properties
  • Fast approval
  • Instant land registration in customer’s name
Benefits:
  • Islamic Banking.
  • No interest accumulation.
  • Special discounts at different car dealerships
  • Settlement period of up to 10 years for residential properties
  • Grace period of up to 6 months
  • Property assessment by experts prior to purchase
Requirements:

The Customer must submit the following documents in order to complete the finance application:

  • Customer’s document (i.e. civil Id, salary certificate and bank statement, PNW declaration, CI-Net, verified income supporting documents, CBK inquiry form, legal verification)
  • Property’s document (i.e. copy of the title deed, copy of tenancy contracts + receipts for last 3 months, two valuation reports)
  • Seller’s document (i.e. civil Id, quotation)
Terms & Conditions:
  • In case of Murabaha Real Estate or Murabaha Building Materials financing for residential properties (excluding land), a minimum of two mortgages shall be obtained.
  • In case of Real Estate Murabaha or Murabaha Building Materials financing for residential properties (excluding land and apartments), if the customer has the first house (under Credit bank) and is financing the 2nd house, bank shall obtain second degree mortgage on the first house and first degree mortgage on the second house.
Q & A:
  • Can we have a balloon payment financing for residential property?
  • No, residential financing should be fully amortized over maximum tenor of 10 years.
  • May the bank extends a residential RE financing with absence of verified other income requirements?
  • No, because it’s a central bank requirements

To know more about our fees and commision, click here