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Sallati Personal Financing

As we all know, daily life is highly expensive in terms of satisfying one’s personal and essential needs, so don’t go against your principles. With Sallati program, you are now able to pay your expenses, and purchase home furniture, electrical appliances, desktops, and laptops,  in compliance with the provisions of the Islamic Sharia'ah.
LBP Loans Period Interest Rate  Typical APR*
Regular Rate

1-3 years 13% 28.01%
4-5 years
14% 28.8%
Corporate Offer

1-3 years 9.9% 19.8%
4-7 years
11.9%
22.7%

 

USD Loans Period Interest Rate  Typical APR*
Regular Rate 
Up to 5 years 8.85% 18.01%
Corporate Offer

1-5 years 6.9% 16%
6-7 years
7.5%
14.31%

*The typical APR is a unit of measurement that represents interests and any other cost imposed on the client through the Bank as a result of a product contract.

 

 

Required documents and conditions related to “SALLATI” Program:

  • The client must be at least 18 years old.
  • A copy of the identity card or passport.
  • The client must be an employee for more than two years or a self-employed person.

For Employees:

  • Permanent job.
  • One guarantor in case of salary domiciliation; two guarantors without salary domiciliation.
  • The monthly bill should not exceed 33% of the monthly salary in case of salary domiciliation, and 25% of the monthly salary in case of no salary domiciliation.

For Self Employed clients:

  • Proof of income.
  • Statement of account(s) for the last six months.
  • Two guarantors (could be waived depending on the file).
  • The monthly bill should not exceed 25% of the monthly income.

For Professionals:

  • Proof of income.
  • Syndicate membership ID (if obtainable).
  • Statement of account(s) for the last six months.
  • Two guarantors (could be waived depending on the file).
  • The monthly bill should not exceed 25% of the monthly income.
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