Features

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

Criteria

☑ Age criteria: Customers must be between 18 and 60 years of age.
☑ Work experience: Applicants should have a minimum of two year work experience, including at least 12 months in their current position, or two year of experience in business.
☑ Service duration for internal staff: BMA employees must have a minimum service period of one year.
☑ Address verification: The client’s current residence address must be officially verified by the relevant district attorney.
☑ Financing period: The maximum financing period is three years.
☑ Minimum salary requirement: The customer's monthly salary must be at least 10,000 AFN.
☑ Profit rates: The annual profit rate is fixed at 8% for financing up to AFN 100,000 and 7% when the amount exceeds. 
☑ PCR checking fee: A fee of AFN 300 is charged for checking the PCR system for both the Customer and Guarantors.
☑ Maximum financing amount: The maximum amount of financing available is AFN 500,000 for a business and depend upon their financial strength and security they provide as collateral. 

Required Documents

☑ Customers must provide all necessary documents, including an official referral letter, ID card, Tazkira, copy of the title deed, a recent photo, and any requested inquiry letters.
☑ No Objection Certificate (NOC): A NOC regarding existing debts from other banks and financial institutions must be provided.
☑ Collateral: Customers are required to provide either gold or a registered title deed (Sharaee Qabala) as collateral for the requested financing.
☑ Financial guarantee: Financial guarantees must be provided by two civil or official government employees who possess the ability to repay the installments, ensuring the fund collection requirements are met.