Kuwait Finance House enhances options for purchasing cars, boats, and motorcycles
Kuwait Finance House enhances its financing product for cars, boats, and motorcycles with financial guarantees.
Translated by Qiyas from الراي — Original source
In line with its ongoing commitment to developing its financing services and providing innovative solutions that meet the aspirations of diverse customer segments, Kuwait Finance House (KFH) continues to strengthen its “Financing for Cars, Boats, and Motorcycles Against Financial Guarantee” product, which offers customers a flexible and rapid financing option to acquire new and used cars, boats, and land and water motorcycles, backed by a financial guarantee through investment deposits.
The product stands out by enabling financing for luxury cars, boats, and motorcycles without requiring salary transfer or deduction, nor the need for a guarantor or lengthy documentation and procedures. Financing is granted to individuals against a full financial guarantee, secured by a fixed deposit held by the customer.
Moreover, the financing ceiling is based on the value of the financial guarantee, offering greater flexibility to customers without being bound by a maximum installment or debt limit.
The product provides a flexible repayment period of up to 10 years, along with competitive profit rates and diverse repayment programs. Customers continue to earn profits on their deposit throughout the financing period, making it an ideal choice for deposit holders who wish to leverage their financial assets while preserving their returns.
The product also ensures rapid transaction processing and approval based on the customer’s financial standing, helping to save time and effort and enabling customers to easily acquire their desired vehicles.
Additionally, KFH continues to offer a range of services related to the automotive sector through its showrooms and various sales channels. These include the “Amanah Sale Service,” which allows customers to authorize the bank to sell their vehicles through its showrooms, as well as a vehicle valuation service that helps customers benefit from the value of their current vehicles when purchasing new ones.
This product aims to enhance the added value for the bank’s customers who hold deposits and savings accounts, by integrating financial services and products within a comprehensive system that delivers additional benefits to customers, thereby strengthening long-term relationships and delivering a more distinguished banking experience.
