Furniture Murabaha

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Furniture and household items are important products that the National Commercial Bank offers by Murabaha product.

Murabaha product features with the National Commercial Bank:
  • Competitive profit margin of 12%.
  • Financing up to 36 months.
  • Tax are included in the funding.
  • The option not to pay an advance payment in some cased
  • Monthly fixed installments.
  • The monthly installment do not exceed 35% of the net salary.

Terms and conditions:
  • Work period when applying for the service should not be less than 3 months. 
  • The salary is the guarantee for the loan should be transferred to the bank accounts and should cover the value of the premium. 
  • The maximum financing cap is (20,000 LBD) twenty thousand LBD, and the minimum is (2,000 LBD) two thousand LBD. 
  • The value of the tax on the contract 2% and clearance tax is 0.5%.

Required documents:
  • A salary certificate of the applicant and the guarantor.
  • A written statement confirming the salary of the applicant and the guarantor will be transferred to the bank accounts.
  • A copy of the IDs of both the applicant and the guarantor.
  • A copy of the page where the automated number of the passport shows.
  • An initial Bill for the commodity to be financed.
  • A formal Promissory note.