Bit Financing Supports Youth and Facilitates Wedding Costs with 'Zafafi'

In line with its commitment to providing more innovative banking solutions that align with customers’ aspirations and market needs, and to enhance its competitiveness, Kuwait Finance House (KFH) has launched the “Zafafi” product, which stands out as one of the most accessible financing solutions, offering flexible terms and special, distinctive profit rates to facilitate marriage-related expenses and strengthen family stability.

Abdulaziz Al-Saeed, Executive Director of Individual Financing Products at KFH, emphasized that the introduction of “Zafafi” represents a qualitative leap that enriches the bank’s products and services designed to support young people, meet their aspirations, encourage marriage, and help them build families. This initiative aligns with the noble teachings of Islamic Sharia, which promote marriage, and supports the state’s efforts to build a cohesive family-oriented society.

Al-Saeed clarified that “Zafafi” is among the best consumer financing products offered to newly married men and women who are KFH customers, aiming to help them finance their needs for (furniture, electrical appliances, cars, and other consumer goods) through accessible financing with flexible terms and special, distinctive profit rates.

He added that through “Zafafi,” newly married couples, either jointly or individually, can apply to KFH for consumer financing to cover their needs up to 25 times their net salary, with a maximum limit of 25,000 Kuwaiti Dinars over a period of five years.

Al-Saeed noted that KFH grants “Zafafi” customers a grace period of up to six months from the date of financing disbursement before the first installment is due, aiming to ease the burden on customers. This is complemented by a payment deferral service that allows customers to defer one installment per year, providing flexibility to choose which month to skip each year during the financing period, based on the customer’s personal needs and circumstances.

He confirmed that KFH offers special promotions to “Zafafi” customers in collaboration with a select group of local market suppliers, featuring the best and most up-to-date consumer goods, along with various discounts and offers.

He explained that newly married KFH customers wishing to obtain accessible financing through the “Zafafi” product can apply at any KFH branch across Kuwait, or submit their financing applications via “KFH Online.”