Al Baraka Bank – Doctors Loan

Features

• The minimum age should not be less than 21 years old, and the maximum age is 65 years old
• The banking Finance program is compliant with Islamic law
• An easy and quick approval process
• 20% down payment required
• Receiving a Reward in case of early settlement
• The monthly installment should be less than 50% of the gross income
• Salary transfer is not required

Documents Required

• Valid National ID
• Recent residence utility bill (maximum 3 months)
• Commitment letter to transfer the salary from the employer
• Loan application form

Fees & Charges

• 2.5% administrative fee for personal banking