Guides (Kuwait)
Updated
Loan limits: employees vs retireesHow much, how long and how much of your salary — CBK's limits for employees and retirees.Loan fees in KuwaitWhat a lender may charge — and what CBK said in 2007 about prepayment fees.Kuwait housing loan rulesKD 70,000, 15 years, the five-yearly rate reset and the salary limit.Who can buy property in KuwaitKuwaitis, GCC citizens, other Arabs and everyone else — and what buying costs.CBK discount rate explainedThe rate every personal-loan and card cap in Kuwait is built on.
Calculators
Home: costs of buyingOnce, on the day you buy: your own cash, the 0.5% registration fee, broker and lender costs.Personal loan: calculatorInstalment, interest, the real yearly rate — and CBK's caps on rate, amount, term and salary.EMI & interest calculatorWhat an EMI is, the formula and a worked example in KWD — and the interest your savings earn, simple or compound.Credit card: the minimum payment trapWhat paying only the minimum costs, and CBK's one-year repayment rule.Credit card: how much limit can I get?CBK's 10× net salary and KWD 10,000 caps, and the room the 40% / 30% salary limit leaves.Car loan: calculatorInstalment, real yearly rate, the consumer-loan caps and the running costs.Car: zero down paymentWhat nothing down really costs against putting money down.Car: 0% finance or cash discount?The interest hidden in the cash discount you give up for 0% car finance.Home: monthly housing loan paymentYour instalment, the KD 70,000 limit, the rate reset after five years and the salary limit.Buy to let: rental yield and ROIGross yield, net yield, return on your own cash and profit if you sell.Home: rent or buy?Your rent against buying, with the rent law's five-year rule built in.Any loan: paying off earlyWhat you settle with and the interest you save — CBK told banks in 2007 to stop prepayment fees.Any loan: how much can I borrow?Your maximum consumer, car or housing loan under CBK's limits.
Not a valid document. Estimate for information only — not financial advice, not an offer of credit and not a bank document. Errors are possible. Only your bank's or finance company's official offer letter, contract and statements are binding.