Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Warba Bank Personal Loan Warba Bank Personal Loan Minimum Salary: KWD 250 Salary Transfer: No Islamic Finance: Yes Maximum Term: 15 Years Flat Rate: 3.06% Reducing Rate: 5.5%
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Personal finance products offered by Warba Bank will satisfy your financial needs in compliance with the provisions of the Islamic Sharia.

Through our personal finance, you can purchase numerous commodities and services, or get personal finance facilities, if required, at competitive rates.

Warba Bank Personal Finance Features:
  • Furniture, electronics and consumer goods finance for up to KD 15,000
  • Free debt insurance
  • Quality service and quick processing
  • Competitive rates
  • Installments for up to 15 years (180 months)
  • Salary transfer not required
  • Flexible monthly installments
  • Sharia compliant financial solutions
Documents Required:
  • Original valid civil ID
  • Recent salary and salary continuity certificates
  • Account statement for the latest three months
Representative Example:

If you borrow KWD 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – KWD 297.50 | Total charge for credit – KWD 710 | Total amount you repay – KWD 10,710

Please note, the actual rate applied to your loan will depend on your circumstances
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
CBK - Personal Loan
Minimum Salary
KWD 350
Flat Rate
1.67%
ABK Installment loan
Minimum Salary
KWD 300
Flat Rate
2.78%
Burgan Bank Consumer Loan
Minimum Salary
KWD 240
Flat Rate
3.06%
NBK - Consumer Loan
Minimum Salary
KWD 400
Flat Rate
2.78%