| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Warba Bank Personal Loan
|
Minimum Salary: KWD 250 | Salary Transfer: No | Islamic Finance: Yes | Maximum Term: 5 Years | Flat Rate: - | Reducing Rate: - |
Warba Bank makes it easy for you to own the car, boat, furniture or electronics you want in a manner compatible with the provision of Islamic Sharia. All you have to do is to specify your needs and we will finance you to buy it with the best competitive profit rates in the market easily.
Features:
- Financing up to KD25,000
- Flexible installments period up to 5 years
- Compatible with Islamic Sharia
- Competitive profit margin
- Salary transfer is not required
- No down payment required
- Variety of distinctive added services
** 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.
Representative Example Calculator
