Service Description- The bank provides a social loan of maximum six thousands Kuwaiti dinars to the Kuwaiti citizen in case of his first marriage. Ministry of Finance pays two thousands of the whole loan as a gift, while the borrower has to pay the rest in equal monthly instalments with no interest.
Eligibility or Criteria- The citizen may obtain the amount of gift only, and if he wishes to obtain the loan later, it is necessary to fulfill the following conditions:
- The wife must be Kuwaiti on the date of marriage, with the exception of people with disabilities (severe or moderate).
- The marriage date must not have been issued more than (2) years ago.
- He should not have previously married a Kuwaiti woman, and the wife’s nationality is taken into consideration on the date of marriage.
- The wife must be Kuwaiti on the date of marriage, with the exception of people with disabilities (severe or moderate).
- He must not previously obtained a marriage loan, with the exception of widowers.
- He should not have previously married a Kuwaiti woman, and the wife’s nationality is taken into consideration on the date of marriage.
- People who can benefit from this social loan are:
- Whoever acquired Kuwaiti citizenship in accordance with Article 1 after marriage, if he applied to get this loan within two years from the citizenship acquisition date, and this provision applies to the wife.
- Whoever obtained Kuwaiti citizenship by naturalization after marriage, if he applied to get this loan within two years from the date of his marriage.
- In order to collect the installments, the husband must get paid a salary, a wage (provided that one year has passed since the date of appointment), a retirement pension or a disability pension. The monthly installment should not exceed 25% of the total salary or pension. For private sector workers, in addition to the aforementioned conditions, the husband must be registered in the General Organization for Social Insurance. The husband is excluded from the salary condition if he brings a guarantor who supports him in repaying the loan in accordance with the aforementioned rules and rules stipulated in Article (10) of the Regulation. (the assistance provided by the Ministry of Social Affairs and Labor, and the allowance paid by Workforce Restructuring Program and the executive body of the state for the laid-off workers, are not considered as a salary)
- Special cases for Social Loans:
- The husband, whose only wife died, is entitled to get only a 4000 dinars social loan without the gift amount as he is getting remarried. If the loan borrower owes a previous loan, the installments will continue to be collected twice.
- A person with a slight disability, in the event of marrying a non-Kuwaiti woman, is entitled to get only a 4000 dinars social loan without the gift amount, provided that the above-mentioned conditions are met.
- The person who has previously married a Kuwaiti woman and divorced her, prior to the consummation of marriage and before applying for a social loan, is entitled to a 6000 dinars social loan.
- It is required to bring a guarantor for the following cases:
- First: Whoever works in the government sector and his monthly installment is 25% or less of his total salary or his pension from General Organization for Social Insurance.
- Second: Whoever works in the private sector and his monthly installment is 25% or less of his total salary or his pension from the General Organization for Social Insurance under the following conditions:
- 1.He shall be a worker for one of the following entities, and one year has passed since the date of appointment:
- State-owned companies or companies in a similar capacity.
- Joint stock companies and limited liability companies with one million Kuwaiti dinars as a minimum capital.
- Self-employed (lawyer, engineer, doctor...etc)
- The borrower, upon his request, may obtain only the gift amount, and if he wishes to obtain the loan later, the above-mentioned conditions shall be met.
- Notes:
- The bank has the right to change the terms or documents of the loan based on the regulations and laws.
Required Documents- Loan application form approved by the applicant's employer and signed by the applicant
- Valid original civil IDs of the husband and his wife and a copy
- Certificate of the original nationality for the husband and wife, and a copy. Request for the Kuwaiti nationality for the husband and wife and nationality certificate for the father, if the husband or the minor wife does have the Kuwaiti nationality
- Original attested and approved marriage contract and a copy, provided that it has not been issued more than (2) years ago
- Certificate from the Ministry of Justice stating any previous marriages or divorces, if the husband or wife was previously married or divorced
- Letter from the Public Institution for Social Security to the applicant (borrower) who did not receive his previous work insurance or to the employees in the civil sector
- If the applicant worked for less than (4) years, a sponsor working in the governmental sector must attend the procedures, and the following documents must be submitted:
- Original civil ID and the nationality certificate for the sponsor and a copy
- Detailed salary certificate for the sponsor's employer, provided that the sponsor has been working for at least (4) years
ProceduresVisit the nearest branch of Kuwait Credit Bank (Capital branch, Farwaniya branch, Ahmadi branch, or Jahra branch) and submit the required documents
Fill the service application forms
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