Kuwait, 21 June 2023: Kuwait International Bank (KIB) announced that new customers wishing to have their payroll transferred to a KIB salary account can now enjoy a wide range of comprehensive benefits. Leading these benefits is the ease of applying for a salary account online in no time through KIB’s website.

The dedicated KIB salary account is specially designed for customers whose monthly salaries amount to KD 400 or more. Among the account’s multiple benefits is that it allows customers to apply for consumer financing of up to KD 25,000 or housing financing of up to KD 70,000, with a grace period that extends to 12 months, meaning that customers can pay their first installment after a full year of receiving the financing amount. It serves to note that the salary account financing facility is subject to the Bank’s financing terms and conditions.

Commenting on the KIB salary account, Musab Al-Shalan, Deputy General Manager of the Retail Banking Department at KIB, said: “As a ‘Bank for Life’, it is core to our success that we continue to offer our customers an outstanding and unprecedented banking experience. We also strive to remain a trusted and reliable financial partner for our customers by constantly innovating solutions that address their daily needs and surpass their expectations. Our salary account echoes these efforts in the form of exclusive benefits and an integrated suite of services. The account’s special features are designed to elevate our customers’ banking experience and allow KIB to maintain its leading position as one of the best service providers in the domestic banking sector.”

Upon setting up a KIB salary account, customers can benefit from multiple financing services, including consumer financing, medical financing, educational financing, and fifth-chapter financing, in addition to financing services for furniture, electronics, computer accessories, and other gadgets. The salary account also enables customers to apply for financing for marine equipment, heavy equipment and spare parts, as well as the top brands’ latest releases in the car and vehicle world.
KIB’s salary account customers can enjoy multiple other benefits that include but are not exclusive to receiving a free-of-charge debit card that they can use in over a million ATMs worldwide, including KNet and point-of-sale (POS), in addition to enjoying fixed cashback of up to 5% and loyalty points with every transfer and upon completion of any banking transaction. They are also eligible to request a chequebook or apply for credit and charge cards. These features are not limited to one perk upon salary transfer, allowing customers to benefit from the salary account continuously and in the long term.

As one of Kuwait’s leading Shari’a-compliant financial institutions, KIB continues to dedicate its efforts and resources to innovating and launching new financing services that adhere to the Islamic principles. Owing to their outstanding offers and facilities, KIB’s financing services continue to retain their leading position among the market’s offerings. In addition to KIB’s exceptional financing services, the Bank also provides a wide range of benefits that reinforce its commitment to offering its customers a comprehensive and unique banking experience that answers to their needs and contributes to their success in realizing their aspirations.