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Borrowing Process


The Central Bank of Kuwait has established clear and specific policies to guide borrowing and financing operations. In addition, it has issued clear and specific instructions to banks and financing companies to provide their customers with loan details, such as: the value and number of installments, payment dates, the ratio of the installment to the net salary, and the consequences of non-payment.

The customer has the right to obtain a deadline of at least two days, to review the contract comprehensively before signing it, and after this step, i.e. (his signature on the contract), he can obtain a draft contract, which includes details such as: the type of loan, the repayment period, the amount of the installment, and the return.

The Central Bank of Kuwait instructions to banks and financing companies include the necessity for these institutions to provide financial advice to the customer before and during financing, and clarify the risks of increasing financial obligations on the customer, especially in the event of a change in his financial position, whether due to a change in career, retirement, or a change in the interest rate applied.