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عربي
Al Baraka Bank – Furniture and Durable Goods Loan
Al Baraka Bank – Furniture and Durable Goods Loan
22.5%
Advertised Rate
3,177
Monthly Repayment
200,000
Loan Amount
Type of Loan - No Salary Transfer
No Salary Transfer
With Salary Transfer
Features & Benefits
Loan Amount
200,000
Loan Term
Up to
5 years.
Competitive Interest Rate
Free life insurance.
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
A cheque will be issued to the store
10% down payment for durable goods, 20% down payment for
Receiving a Reward in case of early settlement
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
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