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Sultan Nayef Al-Ajmi wins KD400 in Gulf Bank's Second Monthly Red Account Draw
Manal Barakat, Manager, Consumer Bankingcongratulating Sultan Al Ajmi, a red accountdraw winner
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Why is it better to pay in the local currency?
Paying in local currency avoids dynamic currency conversion fees, offering better exchange rates and minimizing unnecessary charges.
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Are the draws now secure and reliable?
All draws are conducted under strict regulatory procedures and supervised by the relevant authorities to ensure transparency and integrity.
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How much can I borrow?
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.
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Can I obtain a loan on the security of my Deposit?
Yes, a loan facility is available up to 90% of the collateral amount, with a minimum loan amount of KD 5,000.Interest rates differ - they depend on the term and amount of the deposit.
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