Kuwait Finance House (KFH) has launched a back-to-school grand financing campaign in all KFH showrooms titled (We Have Everything You Need) until 29th September 2022.

KFH Executive Manager – Auto Finance and Leasing Wael AlKharraz said that the campaign grants customers the opportunity to avail several services and advantages presented for customers on the new school year, stating that it includes investment and financing products and services for customers interested in purchasing, or leasing new or used cars, or financing a car abroad in the following countries: USA. Egypt, Jordan, and Turkey. The campaign also offers services for customers wishing to obtain educational finance, or finance against collaterals.

He added that KFH provides several advantages as part of the campaign to meet the needs of customers, such as 0% profit on a selected and diversified group of luxurious and economic cars offered by the agents, in addition to competitive prices under the Leasing with Maintenance service.

AlKharraz noted that for finance against collaterals, the campaign offers a competitive profit with a finance period approximating 10 years and flexible settlement methods, saying that this service is a commercial financing offered to individuals against a full collateral on the total indebtedness, by booking the customer’s fixed deposits or cash from his personal saving account. The finance limit shall be determined based on the value of the deposit, or the booked cash from the saving account. The service provides other advantages including continuous deposit profits throughout the credit period, easy procedure and expedited transaction processing and delivery.

AlKharraz emphasized that the best investment for children is their education. Accordingly, KFH offers Jameati, an investment plan for a long-term higher education to grant students a bright future by saving monthly amounts. The customer may withdraw 60% of the balance in the first year and 60% every year after the first withdrawal. The targeted amount may reach KD 120 thousand. Jameati investment plan is included in the Takaful Insurance policy which is issued automatically in the customer’s name and provides insurance coverage against death or total disability (due to sickness or accident) during the plan term. The policy covers the remaining unpaid part of the targeted amount.

While the campaign contributes to the enhancement of the local market and the businesses of agents and suppliers, it grants customers remarkable advantages to achieve their aspirations and needs as part of KFH endeavor to provide the best services, preserve customers base, attract new customers, increase KFH market share, highlight KFH role as a pioneer in driving economy. He added that KFH has made outstanding contributions to the retail market at the local level and contributed to the activation of the internal trade movement by diversifying its finance products and activities, financing education and treatment abroad and other services to fulfil customers needs and aspirations. These were the basic objectives of KFH in its various finance activities and its endeavor to achieve a pioneering position in all fields that would achieve the best interest of the merchant and the consumer as well.