Kuwait, 28 April 2024: As part of efforts to continue providing the best financing deals, Kuwait International Bank (KIB) recently announced the launch of an offer for the new KIA Seltos through its innovative KIB PayTally app. The offer includes a 5-year Musawama financing, with a Zero profit repayment plan, along with an additional warranty on the vehicle for 3 years or 100,000 kilometers, subject to the terms and conditions of the offer. This step comes as part of the Bank's strategy aimed at continuing to elevate its customers’ banking experiences to a distinct level, as well as enhancing its partnership with the official agent for KIA vehicles, Al Mutawa Group.

Commenting on the launch of the new offer, Abdulaziz Al-Shammari, Head of the Central Sales Unit - Retail at KIB, said: “We are pleased to offer strong financing deals that meet our customers' needs and suit their modern lifestyles. Our focus is particularly on auto financing offers, as part of the diversity and expansion seen in the innovative KIB PayTally program and application. We view this as a significant step forward in Islamic banking solutions, further enhancing our customers' banking experiences. Additionally, this offer helps us achieve our strategic goals by strengthening our relationships with elite partners, agents, and car companies in Kuwait. We ensure that all customer segments receive suitable financing offers, enabling them to own luxury cars with exclusive benefits, meeting their expectations and aspirations.'

It is worth noting that the new KIB PayTally application distinguishes itself as the first bank-led digital marketplace in Kuwait, offering its users the opportunity to shop in a more efficient and flexible manner by easily applying for and monitoring financing applications. It is designed to achieve a qualitative breakthrough in how customers access financing services and enjoy a comprehensive experience without the need to browse or visit multiple websites and branches. The platform is user-friendly, supported by unique features, and specifically designed to elevate the concept of digital shopping through exclusive offers not available elsewhere. Through this innovative application, KIB offers flexible financing ranging from KD 300 to KD 25,000, payable over a period of 3 to 60 months, without the need for salary transfer, making it the ideal choice for a wide range of customers, both citizens and residents alike.