Murabaha Vehicle ( Coming Soon )
The customer makes a request to the bank asking for a certain car with a certain description specified by the customer, the Bank then buys this car, and after it owns and possessed it, it sells it to the customer based on the cost with a certain profit and the customer pays its cost either immediately, or later on agreed installments.
Benefits
- Funding is compatible with the provisions and principles of the Islamic Shariah and approved by the Shariah supervisory Board at Nuran Bank.
- Convenient payment installments .
- Repayment period up to 72 months (6 years)-(5 years)-or (4 years) .
- Quick approval and documentation.
- Financing up to 50,000 L.D ?
- Competitive profit margin .
- Buy any new car of your choice (from any car dealer certified) .
- Fixed profit rate during the period of installments.
- The customer aware of the profit margin and premium at the time of signing the contract .
- Murabha financing for cars is easy, convenient and flexible .
- Funding and reimbursement is based on the customer's monthly income .
Eligibility:
- The customer must at least be 18 years old.
- Libya citizen or foreigner with a residence visa .
- Must have a current account with the Bank of Nuran .
Documents required of Murabha Financing for cars :
- A valid identity card (identity card or passport) for both client and guarantor .
- Letter from the employer of the customer and guarantor affirms not to transfer salary to any other Bank .
- Letter confirm not obtaining financing / loan from any another bank (for new customers) .
- Salary certificate of the customer and guarantor.
- For non-Libyans: valid passport with valid residence visa .
- Customer authorization allows the Bank to deduct payments in case the installment was more than 35% of the net salary.
