Financing Against Cash Collaterals
Kuwait Finance House (KFH) offers a unique product for financing cars, boats, motorcycles and marine jet ski products through the "Cars and Boats Finance against cash collateral" and this comes as part of KFH's efforts to diversify the forms of obtaining financing and provide easy financing solutions to customers, and the product allows the customer to own a car, boat or motorcycles that he wishes to buy in exchange for providing cash collateral ( financial deposit or a savings account in Kuwaiti dinars), and the required financing is granted against that guarantee without deduction from the salary account, the service is provided in all branches and sales centers of KFH, and the product does not require the provision of the usual documents except for the civil ID and financial guarantee, and the transaction is easy and quick to achieve the customer's satisfaction to own the car/boat he need with a distinctive profit rates on KFH deposits.
Feature Highlights
Top key features and benefits
The Service Is Available
At All KFH Branches
In Compliance
With The Islamic Shari'a
Overview
A new service for KFH customers who wish to own a car, motorbike, boat and marine equipment with the best financing solutions through the "Car and Boat Financing against cash collaterals " product, by booking deposits or cash from the customer's account without the need to provide many documents.
The ideal and easiest solution to finance all your needs:
- Special profit rate
- Open financing with deposit guarantee.
- Continuous deposit profits.
- Flexible payment time period.
- Easy procedure and expedited transaction processing and delivery.
For whom this service ?
This product is offered to customers who have deposits and saving account at KFH and wishing to finance new, used cars, boats, or motorbike by booking their deposits or savings accounts without bothering to adhere to a higher cap monthly payment or credit.
Sales Centers
The product is offered in all KFH branches and financial centers.
Payments Methods
• Monthly payments.
• Payment period is up to 120 months.
Conditions
- The deposit or account in the name of the beneficiary of customer.
- The deposit or account should cover both the cost of the debt and the profits together.
- There is no higher cap for the monthly installment or credit.
- The monthly installment is deducted from any account for the client except the salary account.
- Shared accounts are not allowed.
Overview
A new service for KFH customers who wish to own a car, motorbike, boat and marine equipment with the best financing solutions through the "Car and Boat Financing against cash collaterals " product, by booking deposits or cash from the customer's account without the need to provide many documents.
The ideal and easiest solution to finance all your needs:
- Special profit rate
- Open financing with deposit guarantee.
- Continuous deposit profits.
- Flexible payment time period.
- Easy procedure and expedited transaction processing and delivery.
For whom this service ?
This product is offered to customers who have deposits and saving account at KFH and wishing to finance new, used cars, boats, or motorbike by booking their deposits or savings accounts without bothering to adhere to a higher cap monthly payment or credit.
Sales Centers
The product is offered in all KFH branches and financial centers.
Payments Methods
• Monthly payments.
• Payment period is up to 120 months.
Conditions
- The deposit or account in the name of the beneficiary of customer.
- The deposit or account should cover both the cost of the debt and the profits together.
- There is no higher cap for the monthly installment or credit.
- The monthly installment is deducted from any account for the client except the salary account.
- Shared accounts are not allowed.
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Cars and Boats finance against cash collateral
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Cars and Boats finance against cash collateral
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