Service DescriptionThe bank provides Kuwaiti citizens, in the case of their first marriage, with a social loan of up to 6,000 KD only. The Ministry of Finance pays 2,000 KD as a grant, and the borrower repays the remaining amount in equal monthly installments of 50 KD only, with no interest. The monthly deduction begins three months after the decision is issued.
Eligibility or CriteriaThe loan is granted according to the following conditions: - The wife must be of Kuwaiti nationality on the date of marriage, except for individuals with (severe or moderate) disabilities.
- The marriage date must not have been more than 3 years ago.
- The husband must not have been previously married to a Kuwaiti woman and the three years referred to above has passed.
- The husband must not have previously received a social loan.
- The following people can benefit from the social loan:
- Anyone who obtains Kuwaiti citizenship in accordance with Article (1) of the Kuwaiti Nationality Law after marriage, if he applies within five years from the date of acquiring citizenship. This rule also applies to the wife.
- Anyone who obtains Kuwaiti citizenship through naturalization after marriage, if he applies within five years from the date of marriage.
- To collect the installments, the husband must have a salary, wage, retirement pension, or disability pension, provided that his monthly installment does not exceed 25% of his total salary or pension. For workers in the private sector, in addition to that, he must be registered with the Public Institution for Social Security. The salary requirement is waived for anyone who brings a guarantor who will jointly repay the loan in accordance with the previous controls and the controls stipulated in Article 10 of the regulations. The assistance provided by the Ministry of Social Affairs and Labour, as well as the disbursements from the Manpower Restructuring Program and the state executive apparatus to those laid off, are not considered salaries.
- Special cases for social loans:
- A husband whose only wife dies is entitled to a social loan of 4,000 KD only without the grant amount for remarriage. If the loan applicant owes a previous loan, the installments will continue to be collected doubled.
- A person with a mild disability who marries a non-Kuwaiti woman is entitled to a social loan of 4,000 KD only, without the grant amount, provided the above conditions are met.
- Upon the borrower’s request, the grant amount only may be obtained. If the borrower later wishes to obtain the full loan, the above conditions must be met.
- Cases to be exempted from having a sponsor:
- Anyone working in the government sector whose monthly installment is 25% or less of their total salary or pension from the Public Institution for Social Security.
- Anyone working in the private sector whose monthly installment is 25% or less of his total salary or of his subscription to the Public Institution for Social Security, according to the following conditions:
- State-owned companies or entities treated as such.
- Work in the private sector, provided that the applicant is registered with the Public Institution for Social Security and the Public Authority for Manpower, and that the monthly installments are deducted from the Public Authority for Manpower.
- Self-employed professionals (lawyer, engineer, doctor, etc.).
- Notes: The bank reserves the right to change the loan conditions or required documents based on laws and regulations.
Required Documents- A copy of the salary certificate for the entities that have not been linked with.
- Required documents from the guarantor.
- A copy of the Civil ID.
- A copy of the salary certificate for the entities that have not been linked with.
ProceduresApplying for the service is on the electronic portal and mobile application.
Fees| 0 KD | Variable fees | | 0 KD | Fixed fees |
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