Auto Finance
Boubyan Bank’s auto finance offers customers a Shari’a compliant solution on purchasing the car of their choice.
Benefits
- Free liability insurance
- No salary transfer required
- Grace period of up to 3 months
- Financing ranging from a minimum KWD 1,000 and a maximum KWD 70,000
- Tenure ranging from a minimum of 12 months and a maximum of 180 months
Eligibility
- Individuals aged 18 years and above
- Legal guardian signature is required for customer below the age of 21
- Minimum net income of KWD 500
Documents Required to Apply
- Civil ID
- Military ID for military staff
- Salary certificate for public sector employees
- Salary certificate From Manpower and Government Restructuring Program (MGRP) for private sector employees
- Supplier quotation
- Account statement of the last 3 months for non-Boubyan customers
- Auto Finance in the USA
Benefits
- The service covers all the United States of America
- Finance covers new and used cars
- The finance is compliant with the Islamic Sharia
- The repayment of the finance is in Kuwait
- Receiving the car inside the US or importing it from there
- Free liability insurance on the finance total amount
- Finance from KD 1000 up to KD 15,000
- 60-month repayment period
- No salary transfer required
