Your income and savings influence loan terms
The article explains that the classification of banking clients in Kuwait is based on the size of their financial relationship and the financial weight associated with it, rather than solely on the length of the relationship. Banks categorize clients into tiers starting from "Silver," which includes those earning less than 500 Kuwaiti Dinars, up to "VVIP" for high-income individuals earning over 3,000 Kuwaiti Dinars with strong financial standing. Premium clients receive exclusive services, special facilities, and loans at discounted rates, along with wealth management and advanced investment services. This classification affects the quality of services offered, such as access to dedicated spaces and the benefit of special offers. The categorization is determined based on factors like salary, investments, and deposits, and varies from bank to bank, with ongoing adjustments depending on new products and eligibility criteria.
Notice: This Is an AI-Generated Summary
Comments (0)