Al Ahli Bank of Kuwait K S C P : Launches Interest-Free Medical Loan

Al Ahli Bank of Kuwait Launches Interest-Free Medical Loan

31 October 2023

Medical Loan with 0% Interest

Al Ahli Bank of Kuwait (ABK) is pleased to announce its new Medical Loan product that provides the opportunity to access interest-free healthcare. This aims to address the financial burden associated with medical treatments, particularly costly procedures and surgeries in private hospitals.

Medical expenses can be substantial, and arranging immediate cash for such treatments may not always be feasible for many individuals. ABK's Medical Loan offers a practical solution by providing financing options at 0% interest through strategic collaborations with various private hospitals and clinics in Kuwait.

Commenting on the offering, Johair Marafi, Acting General Manager of Retail Banking at ABK, said, "We understand the financial challenges individuals and families face when it comes to healthcare costs. By offering interest-free financing options through our Medical Loan, ABK is committed to helping customers access vital medical treatments without the added stress of exorbitant interest rates."

The loan falls under the category of Consumer Loans, offering up to KD 25,000 across ABK-approved hospitals and clinics. With flexible loan durations ranging from 1 to 5 years, ABK makes it convenient for customers to repay based on their financial capabilities. Additionally, there is no requirement for salary transfer, ensuring access to financing regardless of their employment arrangement.

Marafi added, "We aim to build the widest range of options for our customers to choose from when it comes to medical treatments. By partnering with various hospitals and clinics, we ensure they have access to the best healthcare providers in Kuwait."

The launch of ABK's interest-free Medical Loan showcases the Bank's commitment to improving the healthcare accessibility and affordability for individuals and families in Kuwait. By alleviating the financial burden associated with medical treatments, ABK is empowering its customers to prioritize their health and wellbeing, ensuring timely and necessary medical care.

Marafi concluded with an invitation to follow the Bank's social media accounts to remain up to date with the latest marketing initiatives and to benefit from the current promotional campaigns and offers throughout the year.

Since its establishment in 1967, ABK has progressed to become one of the leading Kuwaiti banks in the region that offers a wide array of personal, corporate, and private banking products and services. ABK also provides a broad range of local, regional, and global investment solutions and services through its subsidiary, ABK Capital.

Across the region, the Bank offers individuals and corporates the convenience of comprehensive banking and financial services in the Egyptian market through ABK-Egypt's network of 44 branches.

This is in addition to ABK's three branches located in Dubai, Abu Dhabi, and Dubai International Financial Centre (DIFC) in the United Arab Emirates, servicing both Kuwaiti and Emirati individual and corporate clients.

ABK is a strong supporter of Central Bank of Kuwait and Kuwait Banking Association's 'Let's Be Aware' awareness campaign. Through its various initiatives, the Bank aims to promote financial inclusion by educating Kuwaiti society about customer rights, responsibilities, and the different types of banking and special needs services. Additionally, ABK consistently provides strategic information on how to avoid banking and financial fraud, loan application requirements, digital services, and more.

For more information about ABK, please follow the Bank's Instagram account @abk_kuwait, visit eahli.com, contact Ahlan Ahli 1 899 899 or visit one of the Bank's branches across Kuwait.