Best Buy Tables - KUWAIT

Personal Finance KUWAIT

Provider Product Interest Rate Max. Loan Amount (KWD) Min. Salary (KWD) Payment Terms Contact
Bank of Kuwait and Middle East Consumer Loan 6.75% Up to 70,000 for Nationals 300 Nationals 60 to 72 months 1812000
Note: Temporarily stopped Personal loans Depends on salary and years of service for expats. 1,000 for expats
Burgan Bank Consumer Loan 6.00% Up to 70,000 for Nationals 400 Up to 60 months 1804080
Up to 10 times monthly salary for expats www.burgan.com
Commercial Bank of Kuwait Personal Loan for nationals only 6.00% Up to 70,000 for Nationals 350 Up to 180 months 1888225
Consumer Loan Up to 15 times salary for expats www.cbk.com
Gulf Bank Al Afdal Loan for Nationals 6.00% Up to 70,000 for Nationals 350 for nationals Up to 180 months 1805805
Consumer Loan Up to 22,000 for expats 1,000 for expats Up to 12-36 months www.e-gulfbank.com
National Bank of Kuwait Consumer Loan 6.00% Up to 70,000 for Nationals 400 Up to 84 months 1801801
Expatriate Loan Up to 50,000 for expats (Depends on salary) Up to 60 months www.nbk.com

Credit cards KUWAIT

Provider Cards Offered Annual Fee (KWD) Min. Salary (KWD) Interest/Profit Interest Value Added Contact
Rates Free Credit
Bank of Kuwait and Visa/MasterCard (Standard, Free for the first year, 250 0.95% on purchases, 5% 32 days Discounts on airline tickets purchased with your card, 1812000
Middle East Gold) Visa Platinum, afterwards Standard on cash withdrawals global purchase protection worth US$10,000 annually,
MasterCard CyberSmart 20, Gold 40, Platinum travel insurance, free auto assist, travel services,
Card 75, CyberSmart 5 discounts of up to 40% at select retail outlets
Burgan Bank Visa/MasterCard (Classic, Classic 20, Gold 50, Classic/Gold - 400 Nil on purchases, 4% on 35 days Photo-sign card, online banking, can earn rewards, 1804080
Gold, Platinum) Platinum 100 Platinum - 1,200 cash withdrawals discounts and promotions every time card is used
Commercial Bank of Visa Classic, MasterCard Classic - 20, Gold - 40, 350 Nil on purchases, 4% on 35 days Emergency funds if card is lost or stolen, ongoing 1888225
Kuwait (Classic, Gold, Platinum), Platinum - 60, Infinite card - cash withdrawals, 5% on promotions for prizes, travel benefits, STAR assist
StarNet Card 100, StarNet Card - 10 other banks card insurance coverage
Gulf Bank Visa/MasterCard (Classic, Free for the first year, 350 for Nationals Nil on purchases, 4% on 30 days Photo card option, 24hr card replacement, 1805805
Gold) MasterCard Platinum, thereafter, Classic - 25, 400 for expats cash withdrawals, 5% on discounted supplementary card, discounts at
Visa Infinite, Visa Internet Gold - 40, Platinum - other banks select retail outlets, MTC CO-branded Card -
100, Visa Infinite - 100 3-5% discount of monthly mobile bills and Free
Visa Internet - 5 International roaming service
National Bank of MasterCard/Visa (Classic, Free for first year. Classic - 250 Less than 1% on 32 days Photo card option, free travel insurance if tickets are 1801801
Kuwait Gold, Platinum, Titanium), Classic - 30, Gold - 40, Gold - 750 purchases, 5% on cash purchased with card, promo - apply for 2 cards and
Visa Internet Shopping card, Platinum - 100 Internet Platinum - 1,000 withdrawals pay full fee for first card and half fee on second card
DinersClub card, Visa pre- Shopping Card - 5, DinersClub - 600
paid, Master Lucky Titanum, DinersClub - 40, Visa Master Lucky Titanum and
Black Visa pre-paid - 5, Master Black Visa (Up on request)
Lucky Titanum - 50,
Black Visa (By inviation)
Disclaimer: This table is meant ONLY as a guide and is not intended as a recommendation of a particular personal loan provider. The table was thoroughly checked for accuracy with each provider called individually for information during April 2010 and was correct at the time of going to press. Please
note: information is subject to change without notice. Any errors or omissions are regretted. Corrections, if any, should be forwarded by fax to 04 391-2173, or by email to [email protected]. All information contained is freely available from bank/provider printed information and websites, as well
as direct from bank/provider helplines and/or call-centres. Note: Many banks operating in the GCC require you be an account holder before approving personal loan applications. In many cases a salary transfer is compulsory and, where not possible, an assignment letter of salary and benefits may
also be necessary. For further information, check with your chosen bank/provider direct. Don’t forget to watch out for special deals available.

1 I MONEYworks I May 2010