Salary
Tawaruq Personal Finance
Key features
- Shariah-compliant financing
- Quick turnaround time
- A top up facility is available after repayment of 20% of your existing finance
- Financing of up to SR 2,500,000
- A repayment period of up to 5 years
- Exemption from remaining repayments in case of death (** Terms and Conditions apply)
- Possibility of loan transfer
- The management fees 1% of the financing amount or SAR 5,000 whichever is less.
Documentation
- Salary Certificate & salary assignment letter
- Bank Statement
- Original ID
- BSF current account
| Example: Disclosure of Profit Rates of Personal finance for 5 years | |||
|---|---|---|---|
| Monthly Payment Amount | *APR | Maturity Years | Finance Amount |
| 2,257 SAR | 3.63% | 5 years | 125,000 SAR |
| 3,646 SAR | 3.86% | 3 years | 125,000 SAR |
| 10,598 SAR | 4.93% | 1 years | 125,000 SAR |
* APR may differ depending on the amount and the maturity period different from the above example and subject to credit scoring of each customer
Personal Finance Tawaruq Agreement
