IndiansinKuwait.com - India Kuwait News and updates

 
 
Latest News
Eight expats jailed for bribing officer for getting driver’s licenses
IBPC Kuwait Hosts Gift City - IFSCA Investment Opportunities for NRIs
Kuwait weekend weather expected to be hot
LuLu Hypermarket launches 22nd anniversary celebrations in Kuwait
MoH refute rumors on non-availability of antibiotics
Obituary: Darrell John Chowdhury
Former Kuwait based Indian Dr. Mirza Umair Beg passed away in Lucknow
Kuwait again suspends issuing work permits for Egyptians
LuLu Hypermarket marks 22nd anniversary with biggest sale promotion
Blogger sentenced to five year imprisonment for social media post
Kuwait's CMA sign MoU with India's IFSCA for enhancing joint cooperation
Indian Embassy hosts second India-Kuwait Investment Conference

Young Reporters

Mohammed Umar Saad
Earth

Earth

Sana Mohammed
Golden Rules for A Happy Life

Golden Rules for A Happy Life

Halima Hussain Sayed
The daughters of India: sports women

The daughters of India: sports women

Riddhima Bora, IIK Young Reporter
Incredible journey of Vir Das

Incredible journey of Vir Das

Logamithra Kumar, IIK Young Contributor
Ocean Exploration: “Uncovering the mysteries of the deep sea”

Ocean Exploration: “Uncovering the mysteries of the deep sea”

IndiansinKuwait.coom

Expats took bank loan from Kuwait need to submit receipts

Tuesday, September 27, 2016

Citizens and expatriates who obtained loans from various banks in Kuwait must submit receipts reflecting usage of the loan amount, local daily Al-Shahid daily reported quoting sources.

According to report, banks have instructed the customers to submit receipts and this will take effect from first of October. Banks will take legal action against those who will not comply, daily added.

Daily also added that the Credit Information Network (Ci-Net) will blacklist all those who will not submit the invoices.

View full profile

View full profile

View full profile

View full profile

Share


  IndiansinKuwait.com is now on WhatsApp Channel    Follow Channel


📣 IndiansinKuwait.com is now on Telegram. Click here to join our channel (@IIK_News) and stay updated with the latest headlines


Disclaimer:Statements and opinions expressed in the article are those of the authors and written by them; the author is solely responsible for the content in this article. IndiansinKuwait.com does not hold any responsibility for them.
Read this article online at

Express your comment on this article

 
Elisa Lagonda
Friday, March 10, 2017
This is the first time to ask loan in kuwait, i dont have any receipt from the loan,
I get the loan i need extra for my small business.
If you are able to help me.
george
Sunday, October 16, 2016
If I want to take loan for to build house. Which recipet I can submit. .. can anybody tel.. plz
KHAN
Saturday, October 8, 2016
i got loan from bank if i bring invoice from loacl shop is accept please give me advice
CLARIFICATION
Wednesday, September 28, 2016
THIS RULE IS IMPLEMENTED SINCE OCTOBER 2015 (LAST YEAR).
WHOEVER HAS TAKEN LOAN PRIOR TO THAT, IN MY OPINION, IS EXEMPT.
OTHERS WHO HAVE TAKEN THE LOANS EFFECTIVE 1ST OCTOBER 2015, NEED TO SUBMIT PROOF FOR UTILIZATION OF THAT LOAN. EXAMPLE PURCHASE OF CAR, HOUSE, PROPERTY ETC. YOU HAVE TO SUBMIT THESE DETAILS WITHIN 6 TO 12 MONTHS OF TAKING THE LOAN.
AS MENTIONED EARLIER, THIS IS TO ENSURE FUNDS ARE NOT BEING SPENT IN THE WRONG DIRECTION.

REGARDS,
syed
Tuesday, September 27, 2016
This rule implemented to ensure loan obtained is not misused for terrorist activities etc.. This rule is there in KFH bank since long time.
Indian
Tuesday, September 27, 2016
For any loan the receipt of at least 80% of the loan value has to be submitted within 6 months of taking the loan. If you bought a car just submit the receipt from the car firm. Or if you took a loan to clear a loan back home just a receipt from the other party that you settled the other bank loan. NBK is very helpful in clarifying the details. The most professional bank in Kuwait and I took a loan in FEB 2016 so this is what I experienced.
Please elaborate in detail
Tuesday, September 27, 2016
My personal loan is automatically deducted by bank immediately when my salary drops in month end.Another 3 months more and it is the end of this damm loan .
so which receipts u need. everything details is shown once civil id no .is entered .
MK
Tuesday, September 27, 2016
Personal Loan is mend for clearing the debts or supporting somebody in their gloom and what type of receipts can be given for such. Please clarify. Or not to give any personal loan by bank
varghese mathew
Monday, September 26, 2016
What receipts? Suppose, a loan is taken for buying a car and the Bank cuts the instalment from the salary. in this case what receipt?!! Please give details.
joe
Monday, September 26, 2016
Name one indian without a current loan in kuwait.
JM
Monday, September 26, 2016
Guys...as long as one is paying the installments regularly.. no worries. While taking a loan if purpose is mentioned then you may have to submit the proof, else this is just to prepare a plan to secure the loan because some people take loan just to remitt the amount back to their home country and leave the country for good without settling the loan.
Saalna
Monday, September 26, 2016
Dear All,,,
Please give correct information about this issue?? Its effective from which year and month invoice should be submi??? Because many of them have old load also.
PK
Monday, September 26, 2016
Please give accurate and information from source. Vague info creates rumors.
Sunny
Monday, September 26, 2016


Can the usage receipts have to be from Kuwait or can it be anywhere outside Kuwait also?

Hope they concerned authority knows the meaning of personal loan and should not be linked with its usage in Kuwait only.

Needs more clarification
Alex
Monday, September 26, 2016
What about who took loan in Jan 2016
sri
Monday, September 26, 2016
What about who took loans before 2014
Submit your comments...
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.
Latest News
Eight expats jailed for bribing officer for getting driver’s licenses
IBPC Kuwait Hosts Gift City - IFSCA Investment Opportunities for NRIs
Kuwait weekend weather expected to be hot
LuLu Hypermarket launches 22nd anniversary celebrations in Kuwait
MoH refute rumors on non-availability of antibiotics
Obituary: Darrell John Chowdhury
Former Kuwait based Indian Dr. Mirza Umair Beg passed away in Lucknow
Kuwait again suspends issuing work permits for Egyptians
LuLu Hypermarket marks 22nd anniversary with biggest sale promotion
Blogger sentenced to five year imprisonment for social media post
Kuwait's CMA sign MoU with India's IFSCA for enhancing joint cooperation
Indian Embassy hosts second India-Kuwait Investment Conference

Community News

 
BSK Family Sports Meet 2024
BSK Family Sports Meet 2024

Billava Sangha Kuwait Family Sports Meet was held on Friday, 19th April 2024 at Fintas Park, Kuwait with Billavas getting to...

Indian Muslim Welfare Association (IMWA) Holds Annual Picnic and Commemorated Dr. Mirza Umair Beg
Indian Muslim Welfare Association (IMWA) Holds Annual Picnic and Commemorated Dr. Mirza Umair Beg

The Indian Muslim Welfare Association (IMWA) hosted its highly awaited annual picnic at Al Rawda Garden in Kuwait on Friday,...

KCICAI hosts event on “Importance of Healthy Sleep Habits”
KCICAI hosts event on “Importance of Healthy Sleep Habits”

The Kuwait Chapter of The Institute of Chartered Accountants of India (KCICAI) recently organized a thought-provoking event ...

IDAK Inaugurates Scientific Activities with Study Club
IDAK Inaugurates Scientific Activities with Study Club

The Indian Dentists Alliance in Kuwait (IDAK) commenced its scientific endeavors for the term with the first study club ti...

IBPC Honors Academic Excellence at Meritorious Awards Ceremony
IBPC Honors Academic Excellence at Meritorious Awards Ceremony

The Indian Business and Professional Council (IBPC Kuwait) held its esteemed 'Meritorious Awards' function at the SIMS sch...

Indians in Kuwait
IndiansinKuwait.com is a registered news portal operated by Lemonade International for Conf & Exhb. The company is registered under the Kuwait Chamber of Commerce. This website is registered under the Ministry of Information, State of Kuwait.
 

© Copyright. All rights reserved. IndiansinKuwait.com

go top