amlak: Personal finance 8.12.3

The Amlak International app presents a comprehensive financial solution designed to assist users in realizing their ambitions and achieving their financial objectives. Its user-centric and secure platform allows seamless navigation through a broad spectrum of products and services tailored to diverse needs.

Key features of the app include:

• Rapid and straightforward loan approval process for eligible applicants
• Loan amounts up to 1.6 million SAR
• Paperless application process
• Available for both government and private sector employees
• Repayment periods extending up to 60 months
• Salaries starting from SAR 3,000
• No requirement for a guarantor
• Accessible to Saudi nationals and expatriates
• Flexible financing options with competitive rates and customizable loan terms

The platform caters to various financial needs, including personal financing, real estate investments, and support for small and medium-sized enterprises (SMEs). All offerings comply with Islamic finance principles, ensuring ethical and Sharia-compliant solutions. The digital application provides quick approval times, competitive margins, and adaptable repayment schedules.

Regarding personal finance options, the app offers repayment periods ranging from 6 to 60 months, with a maximum annual percentage rate (APR) of 23.77%. Administrative fees are either 1% of the loan amount or SAR 5,000, whichever is lower.

For example:

• Salaries below SAR 10,000
• Loan amount: SAR 100,000
• Financing term: 36 months
• APR: 23.77%
• Estimated monthly installment: SAR 4,500

The Amlak app simplifies the borrowing process, allowing users to apply conveniently at any time and from anywhere. For additional details regarding privacy policies, please visit https://www.amlakint.com/en/privacy-policy/.