Leading financial institutions in Kuwait are pivoting toward more flexible lending policies for expatriates, seeking to revitalize a credit market that has slowed since 2023. By easing previous restrictions, banks aim to capture high-income segments—particularly professionals such as doctors, engineers, and educators.
Sources indicate that while smaller banks previously dominated this niche, major players are now entering the fray to remain competitive. Under current guidelines, residents with salaries starting from KD 3,000 can access loans up to KD 70,000, while those earning between KD 600 and KD 1,500 remain eligible for financing subject to Central Bank of Kuwait (CBK) limits.
Key features of this shift include:
Housing Support: Financing up to KD 70,000 is available for home renovations with a 7-year repayment term.
Strict Compliance: Installments are capped at 40% of net income to ensure debt sustainability.
Strategic Focus: By targeting stable, long-term residents, banks intend to drive growth while minimizing default risks.
