Types of Services

• Can I break my Term Deposit before it matures?
  Answer: Yes you ay withdraw you Term Deposit before it matures, but you will be charged a fee of KD20 and will lose the interest.
• How can I apply to have a Gulf Bank credit card?
  Answer: Its simple and easy -- just fill in an application and bring it to us along with your   salary certificate. You will receive your card within 3 business days!
• How does a Term Deposit work?
  Answer: A term deposit offers high rates of interest and security for a fixed term. Interest rates differ - they depend on the term of the loan and the amount of the deposit. Interest rates are available up on request.
• How is a secured loan different from an unsecured loan?
  Answer: With a secured loan, customers secure the loan with a pledge of collateral, such as a fixed deposit. With an unsecured loan, the loan is not secured against a collateral, but requires the salary of the customer to be transferred to Gulf Bank.
• How much can I borrow?
  Answer: The loan amount that can be borrowed depends on the collateral available linked to your monthly income. Please speak to a representative of Gulf Bank to help you determine the amount you can borrow.
• How much will my loan cost?
  Answer: The cost of your loan depends on the interest and the period of time you take to repay the loan. The higher the rate of interest or the longer you take to repay the loan, the more you will pay over the life of the loan.
• How quickly can I get my loan?
  Answer: It takes ____ working days for the approval and credit limit in your account to be set.
• What are some of the features of the Salary Accounts?
  Answer:

  All you need to open a Salary Account at Gulf Bank are your Civil ID and your salary certificate. With a salary account you will get:

  • An ATM card that is accepted worldwide

  • A free Credit Card for the first year

  • Special discounts at over 220 outlets in Kuwait

  • The ability to apply for a loan.
• What are some of the features of the Savings Accounts?
  Answer:

  Some of the key features of our savings accounts are:

  • Low opening deposits

  • High rates of return

  • 24/7 accessibility
• What are some of the features of the Youth Accounts?
  Answer:

  These accounts are offered to promote savings among the youth. Some of their key features are:

  • You can create an account with a balance as low as KD10

  • You will receive an exciting welcome pack when you open an account

  • You can accrue interest on your accounts by opening interest bearing savings accounts.
• What does Gulf Banks Term Deposits have to offer?
  Answer:

  • Loans are available in KD and other major currencies

  • We offer competitive rates calculated on a daily basis

  • We offer secured loans or Gulf Bank credit cards against your deposit

  • There are a variety of terms to choose from.
• What interest rates will I receive?
  Answer: You will receive the interest rates that are applicable on the day we receive your completed application form.
• What is the maximum amount I can borrow and for how long?
  Answer: The maximum amount you can borrow is KD70,000 and the maximum repayment period is 15 years.
• What types of services does Gulf Bank provide?
  Answer: We have a variety of accounts to suit your needs. We offer Salary Accounts, Savings Accounts, Youth Accounts, Term Deposits, Loans and Credit Cards.
• Who can open an Al Danah account?
  Answer: Anyone in Kuwait can open an Al Danah account. All citizens and residents, male and female, old and young, can easily open an Al Danah account within minutes. Minors however require their parents to open the account or their legal guardian.