amlak: Personal Finance 1.2.6

Review of amlak International App:

• Experience the amlak International app, a platform designed to help you achieve your financial goals. Whether you are in need of personal financing while already having existing loans, this app offers a convenient and secure way to access a variety of products and services.

Key Features of the App:

• Easy and prompt loan approvals for eligible candidates.
• Loan amounts ranging up to 1.6 million SAR.
• Convenient paperless process.
• Accessible for both government and private sector employees.
• Repayment period flexibility of up to 60 months starting from salaries as low as SAR 3,000.
• No requirement for a guarantor.
• Open to both Saudi nationals and expatriates.

Personal Finance Details:

• Possible repayment periods between 6 to 60 months.
• Maximum Annual Percentage Rate (APR) capped at 23.77%.
• Administrative fees set at either 1% of the loan amount or 5,000 SAR.

Overall, amlak offers a diverse array of financing solutions adhering to Islamic finance principles, catering to personal finance needs, real estate ventures, and SME support. The app facilitates quick approvals, competitive rates, and customizable loan amounts up to 1.6 million SAR repayable in flexible terms between 6 to 60 months. Whether for individuals or businesses, amlak provides a comprehensive digital solution for convenient financial services.

• Example Scenario:
• Monthly Salary: Less than 10,000 SAR
• Loan Amount: 100,000 SAR
• Financing Period: 36 months
• APR: 23.77%

To take advantage of these features effortlessly, download the amlak app and apply for financing at your convenience, from anywhere and at any time.