The National Bank of Kuwait (NBK) has reported strong customer demand for its Al Manzel housing finance program since its launch, solidifying its status as a leading solution in the local housing finance market. The program’s success is attributed to its comprehensive and flexible offerings, alongside strategic collaborations with over 70 partners in design, construction, furnishing, and home services.
NBK Al Manzel is designed to address a wide spectrum of housing-related needs, supporting customers who are building new homes, renovating existing properties, or furnishing their living spaces. The program aims to provide a seamless, integrated experience, combining financial products and practical support throughout the entire housing process.
The program offers personal loans of up to KD 95,000 with repayment plans tailored to align with customers’ income profiles. Additional features include a grace period of up to 12 months and fast, streamlined application processes. Through its network of strategic partners, NBK Al Manzel provides customers with extensive options to ensure efficient, high-quality execution of their housing projects.
Abdulrahman Al-Terkait, Vice President and Head of Mortgages at NBK, highlighted that the program’s strong uptake reflects the bank’s commitment to delivering flexible and well-structured housing finance solutions. He emphasized the program’s holistic approach, noting that homeownership is more than a financial milestone; it represents an individual’s lifestyle and aspirations. The program, he said, offers a fully integrated experience from initial planning to completion.
Al-Terkait stated that NBK aims to be a trusted partner through every stage of the housing journey by combining tailored financing with broad-based support services. This approach aligns with the bank’s broader strategy to enhance customer quality of life and provide value beyond traditional lending.
The NBK Al Manzel program forms a key part of NBK’s efforts to maintain its leadership as a financial institution by focusing on innovative, lifestyle-oriented banking solutions. By integrating smart financing, extensive service offerings, and strategic partnerships, NBK seeks to transform the homebuilding and renovation experience into a more efficient and customer-centric process.