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Overview
A new service for KFH customers who wish to own a car, motorbike, boat and marine equipment with the best financing solutions through the "Car and Boat Financing against cash collaterals " product, by booking deposits or cash from the customer's account without the need to provide many documents.
For whom this service ?
This product is offered to customers who have deposits and saving account at KFH and wishing to finance new, used cars, boats, or motorbike by booking their deposits or savings accounts without bothering to adhere to a higher cap monthly payment or credit.
Sales Centers
The product is presented in all Branches and Showrooms of Kuwait Finance House (KFH) Shuwaikh KFH/Auto- Al Dajeej showroom – Al Rai showroom.
Payments Methods
• Monthly payments.
• Payment period is up to 120 months.
Required Documents
• Customer's civil ID.
Conditions
- The deposit or account in the name of the beneficiary of customer.
- The deposit or account should cover both the cost of the debt and the profits together.
- There is no higher cap for the monthly installment or credit.
- The monthly installment is deducted from any account for the client except the salary account.
- Shared accounts are not allowed.
