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Secured Loans
Cash collateral or third party guarantor required. Maximum loan amount up to 90% of the collateral amount at an annual interest rate of 6.5%. Choice of repayment period up to 5 years. Short term loan. No minimum salary requirement. Customers who seek for alternative cash other tha...
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What is the maximum borrowing amount of a loan?
There are different limits for the consumer loans and housing loans. The maximum borrowing amount for consumer loans is up to 25,000 KD or 25 times net salary whichever is less, and the maximum borrow...
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Is Gulf Bank’s draw system (which is used to choose the winners) manual or automated? Also, is it governed by a set of criteria and conditions?
The AlDanah draw system is fully automated, and yes, it is governed by a set of criteria and conditions.
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