Government Employees Financing

Murabaha Financing for Government Employees, having payroll accounts with BMA
Murabaha is a sale where seller (Bank) expressly mentions the cost incurred on the commodities and sells it to another person (Customer) by adding some profit or mark-up thereon which is known to the Buyer. Murabaha (cost plus profit) Government Employees Financing product is designed to enable those applicants who intend to buy any kind of vehicle (used or new), construction materials, home appliances, solar panel system, etc for their personal or commercial use.

For further details, please visit our nearest office or contact our Customer Services by dialing 1312

For further details, please visit our nearest office or contact our Customer Services by dialing 1312

Features

☑ Installments: Easy and reliable monthly repayment plan.
☑ Easy processing: The facility is easily processed with all documentation in only two working days.

Criteria

☑ Financing limit: The maximum financing amount is AFN 700,000.
☑ Duration of facility: The financing facility maximum period is three years.
☑ Installment limit: Monthly installment payments should not exceed 35% of the applicant's monthly salary.
☑ Profit rate: The profit flat rate is 9% p.a.
☑ Form completion: Application form must be verified from the applicant’s employer prior to submitting documents to the Bank.
☑ Minimum salary of applicant and guarantors should at least be AFN 10,000.

Documents Required

☑ Official request letter: The applicant must submit a formal request letter outlining the purpose of the financing.
☑ Financial guarantors: The financing facility is contingent upon the endorsement of two financial guarantors, whose salaries are also processed through Bank-e-Millie Afghan.