KFH launches new car financing service in Turkey

Mubasher: Kuwait Financial House (KFH) has launched ‘car financing service outside Kuwait’ in Turkey, the deputy general manager - Group head Banking Products at KFH said.

The service, which is already available in Egypt; Jordan; and the US, meet the customers’ needs for new and used cars, Mohamed Gandoor added.

Marking the fourth destination, the introduction of this service in Turkey is in line with the rising demand by clients and the business growth in the Turkish market, he added in a statement.

The official further noted that car financing service outside Kuwait will be provided via authorised suppliers with sharia-compliant solutions, convenient terms and suitable financing advantage benefits.

The service, which is also available for Kuwaitis or residents, will contribute to offering new or used cars for clients, with financing up to KWD 25,000.

The customers could postpone the first instalment for six months, while the payment plan may reach five years.

On Monday, KFH opened a new automotive showroom named ‘KFH Auto’ in the region of Shuwaikh.

Mubasher Contribution Time: 07-May-2019 12:12 (GMT)
Mubasher Last Update Time: 07-May-2019 12:32 (GMT)