Al-Tayseer Arabian Finance Company Introduces New Guarantor-Free Personal Financing Product

Al-Tayseer Arabian Finance Company in the Kingdom of Saudi Arabia announced the launch of a new personal financing product without a guarantor or salary transfer, with a value of up to 200 thousand Saudi riyals, with the aim of meeting the diverse needs of customers.

Financing of 200 thousand immediate riyals from Al-Tayseer Company

It appears that Al-Tayseer Company has announced financing offers without guarantees, and these offers are offered with reduced profit interest aimed at helping the Saudis. The following are the conditions that must be met to apply for the loan:

The applicant must be at least 19 years old.
The minimum monthly salary should be 3,800 riyals for Saudis and 7,000 riyals for residents.
The applicant must be of Saudi nationality or reside within the borders of the Kingdom.
The period of service in the government sector should not be less than 3 months, and in the private sector should not be less than 6 months.
For residents, the length of service must be at least one year.
Submitting all documents proving the client’s ability to pay the monthly financing installments.

Advantages of personal finance from facilitation

Compliance of financing with the provisions of Islamic Sharia: The Murabaha system is applied in financing, where the company purchases the required good or service from the customer and then sells it to him at a price higher than the purchase price, with the price difference paid in monthly installments.
Not requiring a guarantor: The customer can obtain personal financing without having to provide a guarantor, which facilitates the process of applying and obtaining financing.
Not requiring salary transfer: The customer can obtain personal financing without having to transfer his salary to Al-Tayseer Company, which provides the customer with greater flexibility in managing his money.
Profit margin stability: The value of the company’s profit margin does not change during the financing repayment period, which provides the client with clear financial expectations.
Distribution of installments over a number of months: The customer can choose a repayment period ranging from 12 to 60 months, which suits his financial needs.
Possibility of submitting the application electronically: The customer can submit the personal finance application electronically through the company’s website or its smart phone application.

Steps to obtain personal financing from Al-Tayseer Company

Customers can obtain personal financing from Al Tayseer Company by following the following steps:

Enter the Al-Tayseer Company website or its application for smart phones.
Agree to the terms and conditions.
Fill out the application form and enter all required data, such as national ID number, date of birth, and monthly salary.
Attach the required documents, such as a salary introduction letter and a 3-month bank statement.
Submission of the application.

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2023-09-18 21:58:19