| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Quara Personal Finance
|
Minimum Salary: SAR 3,000 | Salary Transfer: No | Islamic Finance: Yes | Maximum Term: 5 Years | Flat Rate: 16.0% | Reducing Rate: 28.8% |
Fast, flexible and Sharia-compliant financing with no salary transfer required.
Get personal finance from Quara with financing of up to SAR 50,000, starting from a minimum monthly salary of SAR 3,000. Enjoy a fully Sharia-compliant financing solution with no salary transfer requirement and convenient online banking access.
Minimum Salary: 3,000 SAR
Maximum Loan Amount: 50,000 SAR
Salary Transfer: No
Admin Fee: 0% for limited time
Flat Rate: 1.5% per Month
Eligibility is subject to Quara's acceptance criteria, credit assessment and final approval. Meeting the minimum requirements does not guarantee approval.
Criteria
Age 21 – 70 years
Minimum Service in Current Job 3 months
Maximum DBR 45%
The 0% administration fee offer is valid for limited time and is subject to the applicable terms and conditions.
Apply now through YallaCompare and check your eligibility for Quara Personal Finance.
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
