Al Baraka Bank – Furniture and Durable Goods 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
• 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