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Banks in Kuwait postpone repayments of loans for 6 month

IIK Staff Reporter
Sunday, March 29, 2020

Major banks in Kuwait announced that they will postpone all payments of installments on consumer loans, installments and credit cards for a period of 6 months due to the extra ordinary situation in the country.

National Bank of Kuwait NBK informed that the installments of consumer loans and credit cards are postponed for six months for all NBK Customers including citizen and expats. All interests, and fees arising from this postponement will be waived.

Commercial Bank, Burgan Bank, Warba Bank and KFH also made similar announcements.

Meanwhile, the Kuwait Banking Association warns the public about fraud messages and calls impersonating as your bank and asking for your account details claiming to postpone your installments. KBA informed that banks will never ask for your account details to get the benefits of the postponement of loan repayment .

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Express your comment on this article

 
Mohammed Khan
Wednesday, April 8, 2020
Thanks for the postponement of loan emi for 6 months. It is great help during this difficult time. At least we can support with these EMI to needy people.


Regards

Indra patra
Monday, March 30, 2020
I have stc bill it''s unpaid,bcz company terminat this month so what can I do o ly 2months me coming kuwait plz help me?

Kuwait expat
Monday, March 30, 2020
Gulf bank they deducted my instalment, hope so they should also give consideration.

Truth
Monday, March 30, 2020
NBK is deducted this month instalment four days ago. This is just for announcement or only for citizens. Expats will never get benefits.

Mohammed
Monday, March 30, 2020
What about gulf bank? they r deducting my money for loan and credit cards.

expat
Monday, March 30, 2020
why no one discussing rent issue which is a bigger monster !!!

Raghu
Monday, March 30, 2020
What about Doha bank

Raghu
Monday, March 30, 2020
What about Doha bank

Ikhalakh khan
Monday, March 30, 2020
Jazakallah thanks Kuwait very much for this kind decision.

Ikhalakh khan
Monday, March 30, 2020
Jazakallah may Allah bless Kuwait and it''s amir ameen.

saurabh vithalani
Sunday, March 29, 2020
GULF BANK ALREADY deducted amount for a credit card one day before for salary will not any hope until next week end

Binoy
Sunday, March 29, 2020
What about ahli united bank not seen in list of banks

Subin
Sunday, March 29, 2020
What about al mulla finance ???

Jomon Joy
Sunday, March 29, 2020
Dears, what about Gulf Bank ?

Anuraag Patara
Sunday, March 29, 2020
Great gesture

Indranil Patra
Sunday, March 29, 2020
I have stc phone instalment,and company terminat me so what can I do plz help me?

KRJ
Sunday, March 29, 2020
Dear''s
What about Gulf Bank...I don''t see in the mentioned list😊

thanasekaran
Sunday, March 29, 2020
Including gulf bank

thanasekaran
Sunday, March 29, 2020
Gulf Bank not announcements......


DAVID MASIH
Sunday, March 29, 2020
NBK deducted my installment at 29/03/2020 on 1:02 PM

Marw
Sunday, March 29, 2020
Will bank activate block credit for 6 month

Murali
Sunday, March 29, 2020
@Shaikh Kasim
And if they cut in April, this means it will implement from May, correct?

Indian
Sunday, March 29, 2020
Tnx to Kuwait! What about flat rents? Appreciate if they consider this. Atleast 50% they can give discount. God bless Kuwait!

Siva Raju Samanuru
Sunday, March 29, 2020
What’s the effective date of implementation for this announcement? Might be from next month onwards (April 2020) As current month EMI has already deducted 😝.Anyway everyone should appreciate their kind concern 🙏

Shaikh Kasim
Sunday, March 29, 2020
@Asif Khan this will be implemented from April not from March.

Asif khan
Sunday, March 29, 2020
Dear
Just today NBK deducted my loan installment, when my salary credited in account at 1: 05 PM

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