Pre-Approval
It is a "Pre-Approval" product (your approval in advance), which is a product to support the financing of individuals and owners of small and medium enterprises, in which the bank provides a fast approval for individuals for the purpose of obtaining the required financing.
The product is based on granting a fast approval to the customer in the event that they bring the basic papers, by providing them with a letter signed by the bank informing them of an initial approval to grant them financing of a specific amount and within conditions related to the real estate, documents, and evaluation, provided that the bank is later provided with the completion of the approval in terms of the guarantee/collateral and the purpose of the financing.
Product Features
Period for obtaining the initial approval: 24 working hours for those whose salaries are domiciled with the bank.
Granting fast financing approval for individuals.
Facilitating payment and approval procedures: Providing flexible installment solutions with the possibility of a grace period.
Sharia compliance: Providing an Islamic financing alternative that fully complies with the Sharia regulations that govern buying and selling operations.
The customer enters the purchase process carrying a pre-approval.