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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.