The Consumer loan offers some extra cash to finance a personal durable items and other expenses.
Interest rate used is CB discount rate + 3% charged monthly on reduced balance basis.
Loan is granted against an irrevocable salary assignment including indemnity from pre-approved employer. (Private sector)Government employees' salary assignment is guaranteed by the Civil Services Commission agreement with banks
From 12 to 60 months.
Min loan amount is KD 2,500/- and Max 15,000/-
Age of borrower is from 21 years to 64 years provided his age will not exceed 65 years on loan expiry
Optionally, the borrower can enjoy a peace of mind, with our insurance that covers death claims, by paying only 2% of the loan amount on monthly basis, If the borrower does not wish to pay the insurance, then a personal guarantor should be provided.
Max. amount 15 times the salary, amount should not exceed KD15,000/- provided Min. salary KD250/- with a Min. of 3 month employment (private sector), or 1 month employment (Government sector) or 3 month salary payments with other banks, and 1 month salary payment with the Bank
Maximum amount is 10 times the salary for a minimum salary of KD400, or the end of service indemnity with a minimum salary of KD250/- or a Maximum of 10 times salary, plus the indemnity amount for a Minimum salary of KD550/-, in addition of a minimum of 2 years employment.
Needs to have an account at Altijari for at least 3 months, with no past defaults, otherwise a personal guarantee is required.
Apply Now by visiting one of our Loan Center Locations.